Welcome to our dedicated page for Urban-Gro news (Ticker: UGRO), a resource for investors and traders seeking the latest updates and insights on Urban-Gro stock.
urban-gro, Inc. (Nasdaq: UGRO) is an integrated professional services and Design-Build firm that reports activity across the Controlled Environment Agriculture ("CEA"), industrial, healthcare, hospitality, education, and other commercial sectors. The news flow around UGRO reflects both its operating projects and its capital markets and regulatory developments.
Company press releases highlight new project awards and client relationships. Recent announcements describe LED lighting equipment contracts with a North American cannabis operator, architectural and design leadership for a new hospital in the southeastern United States, K-12 campus enclosure design work for a Georgia school district, and multiple construction and construction management contracts for Fogo de Chão restaurant locations in several U.S. states. These items illustrate how urban-gro applies its architectural, engineering, and Design-Build capabilities across CEA, healthcare, hospitality, and education projects.
News items also cover Nasdaq listing compliance matters and related timelines. The company has disclosed notices and determination letters from Nasdaq concerning minimum bid price requirements, timely filing of periodic SEC reports, and minimum stockholders’ equity. It has reported appeals to Nasdaq Hearings Panels, conditional decisions allowing continued listing, and subsequent notices tied to delayed quarterly filings.
In addition, urban-gro’s news includes strategic and financial updates, such as cost-reduction efforts, asset divestitures involving architectural subsidiaries and customer lists, financing arrangements and defaults at certain subsidiaries, and a binding letter of intent for a proposed merger with Flash Sports & Media, Inc. Investors and observers can use the UGRO news stream to follow how the company balances project execution, portfolio adjustments, financing, and exchange compliance.
For those tracking UGRO, this news page provides a centralized view of the company’s disclosed contracts, strategic actions, and regulatory communications over time.
urban-gro (NASDAQ:UGRO) has secured a $1.2 million contract with Muscogee County School District in Georgia for architectural design services. The project focuses on campus enclosures across the district's 53 schools, aimed at enhancing student safety and security.
The scope involves transforming open-air breezeways into enclosed pathways, creating a more cohesive campus design that functions like a single building. The company expects to recognize the majority of the project revenue over the next three quarters of 2025.
urban-gro (NASDAQ:UGRO) has secured a significant $4 million contract as the lead designer for a new hospital project in the southeastern United States. The company's architectural division will provide architectural, interior design, and project management services for the first phase of the development, which has an anticipated construction value of $80 million.
The project aims to enhance access to advanced medical care for the local community. The Company expects to recognize the majority of the project's revenue in 2025. Additionally, urban-gro will provide master planning and design services for an additional eighty acres of development in future phases.
urban-gro (Nasdaq:UGRO) has secured a significant $6 million LED lighting equipment contract with a leading northern-based North American Cannabis Operator. The company, which specializes in Controlled Environment Agriculture (CEA) and commercial sector solutions, expects to recognize the revenue from this deal in the first half of 2025.
The lighting upgrade project aims to enhance efficiency and crop yields, contributing to more consistent, reliable, and high-quality harvests. Chairman and CEO Bradley Nattrass highlighted the company's strong client relationships and high rate of repeat business in the CEA sector.
urban-gro, Inc. (Nasdaq:UGRO) has secured a significant $24 million construction contract with a leading Midwest-based Multi-State Operator (MSO) for building a state-of-the-art vertically integrated cannabis facility. This contract follows the successful completion of the facility's design and preconstruction phases. The company, which specializes in providing solutions to Controlled Environment Agriculture (CEA) and commercial sectors, expects to recognize the project's revenue within the 2025 calendar year.
urban-gro (NASDAQ:UGRO) has received an extension from Nasdaq's Listing Qualifications Staff until February 18, 2025, to regain compliance with Nasdaq Listing Rule 5250(c)(1). The extension allows the company to file its delayed Quarterly Reports for Q2 and Q3 2024, along with restatements of financial statements for fiscal years 2022, 2023, and Q1 2024.
The filing delay is primarily due to the company's change in auditor and their ongoing comprehensive audit and review process related to the restatement of historical financial statements. The extension has no immediate impact on UGRO's listing status on the Nasdaq Capital Market.
urban-gro (NASDAQ:UGRO) received a notice from Nasdaq on September 21, 2024, regarding non-compliance with listing Rule 5250(c)(1) due to delayed filing of its Q3 2024 10-Q report. The delay stems from the need to restate financial statements from 2022-2024 due to errors in accounting for deferred tax liabilities related to historical share-purchase acquisitions. The company must file all delinquent reports by January 31, 2025 to maintain Nasdaq listing. While there's no immediate effect on the stock listing, failure to meet the deadline could result in delisting, subject to appeal.
urban-gro (Nasdaq:UGRO) has launched a new Processing and Extraction Division to expand its cannabis sector offerings. The division focuses on post-harvest operations, providing integrated design, engineering, and construction services for extraction spaces, including C1D1/C1D2 hazardous environments and dry rooms. The company has hired a Business Development Director with eight years of experience in construction and post-processing to lead the division. This expansion aims to meet growing client demand for advanced post-harvest services and high-quality processing equipment while ensuring facilities meet industry standards and regulatory requirements.
urban-gro, Inc. (Nasdaq:UGRO) has been chosen to provide full architectural and interior design services for the new Henry County Water Authority (HCWA) project in McDonough, Georgia. The project aims to consolidate multiple departments into a single, modern workspace including a new office building, shop, warehouse, and ancillary structures.
Work on the project is starting immediately, with the majority of the contracted revenue expected to be recognized by the end of the second quarter of 2025. urban-gro will collaborate with Nashville-based engineering firm BARGE Design Solutions on this project, focusing on designing a functional and sustainable community resource.
urban-gro, Inc. (NASDAQ:UGRO), a Design-Build firm specializing in Controlled Environment Agriculture (CEA) and commercial sectors, has announced new contracts worth approximately $12 million in the cannabis sector. These contracts, signed with over fifteen clients, encompass equipment procurement, engineering, architecture, and design services for cultivation, extraction, and retail dispensary projects across the U.S. The company expects to recognize most of the revenue by Q1 2025.
CEO Bradley Nattrass attributes this momentum to the anticipated positive results of Florida's Amendment 3 ballot initiative and the release of licenses in new markets. He emphasized the company's strategic decision to retain their entire cannabis business unit during the sector's downturn, positioning them to capitalize on emerging opportunities. Nattrass also expressed support for the Smart and Safe Florida campaign, urging Floridians to vote Yes on Amendment 3 on November 5th.
urban-gro, Inc. (NASDAQ:UGRO), an integrated professional services and Design-Build firm, has secured a contract for architectural design services for Union City Fire Station #44 in Georgia. The project involves designing a state-of-the-art three-story building with three apparatus bays, living quarters, and a community room. urban-gro will serve as a design team partner under Foresite Group.
Work on the project is starting immediately, with the majority of the undisclosed revenue expected to be recognized by the end of the first quarter of 2025. Bradley Nattrass, Chairman and CEO, emphasized that this opportunity allows the company to showcase its expertise in delivering community-centered design solutions and leverage its experience in municipal projects.