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. operates as a diversified sports, media, and experiential marketing platform under the Flash Sports & Media brand. Company news centers on live-event production, original content, branded fan experiences, media-rights opportunities, sponsorship activity, and sports and entertainment intellectual property.
Recurring updates include urban-gro's participation in the Lanka Premier League through subsidiary Innovative Production Group FZ, LLC, including tournament, venue, registration, and commercial-partnership developments. Other news themes include Nasdaq listing compliance, shareholder voting matters, capital-structure actions, governance updates, and operating and financial results.
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urban-gro, Inc. (Nasdaq: UGRO) announced the signing of over $40 million in contracts in Q1 2023, resulting in a record backlog of $123 million as of March 31, 2023. The company also recovered $2.4 million in cash from a settlement with its former bank. CEO Bradley Nattrass highlighted the strong momentum and market traction due to the firm's integrated services for Controlled Environment Agriculture (CEA) and commercial sectors. The company reiterated its financial guidance, projecting a return to positive adjusted EBITDA soon. An earnings call is scheduled for May 10, 2023, at 4:30 p.m. Eastern time to discuss financial outcomes and business growth.