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.
urban-gro (Nasdaq: UGRO) announced its participation in several upcoming conferences in June 2022. Key events include the LD Micro Invitational XII on June 7-8, Stifel 2022 Cross Sector Insight Conference on June 8-9, and GreenTech Amsterdam from June 14-16, where urban-gro will exhibit and host a presentation. The company specializes in Controlled Environment Agriculture (CEA) with over 500 projects globally, providing integrated design-build solutions. Meetings with management can be scheduled during these conferences for potential investors.
urban-gro, Inc. (Nasdaq: UGRO) has signed an agreement with E29 Labs, Inc. to provide full architecture, engineering, and design services for a 100,000 square foot cannabis production facility in New York State. The partnership aims to transform a dormant industrial site and is aligned with social equity initiatives in the cannabis industry. Upon securing their license, urban-gro will act as the design-build partner, using its expertise in Controlled Environment Agriculture (CEA) to execute the facility's buildout and equipment integration.
urban-gro (Nasdaq: UGRO) has appointed Arie Kamp as Managing Director of its European entity based in the Netherlands. With over 25 years of experience in horticulture, particularly in indoor Controlled Environment Agriculture (CEA), Kamp aims to enhance the company's service capabilities in North America and Europe. Bradley Nattrass, CEO, expressed optimism regarding Kamp's extensive knowledge in automation and logistics, envisioning significant growth opportunities in the European market as consumer interest in CEA rises. urban-gro specializes in design-build solutions for indoor agriculture.
urban-gro, a Nasdaq-listed firm (UGRO) specializing in indoor Controlled Environment Agriculture (CEA), will participate in the BMO Global Farm to Market Conference in New York on May 18-19, 2022. CEO Bradley Nattrass is scheduled to present on May 19 at 10:35 am ET and to join a CEA panel at 2:45 pm ET. Investors can attend one-on-one meetings with Nattrass. A live audio webcast of the presentation will be available on the company's Investor Relations website. urban-gro has extensive experience in over 500 CEA projects worldwide, optimizing cultivation facility operations.
urban-gro reported record first quarter revenue of $21.1 million, a 76% increase year-over-year, with a net loss of $(0.7) million.
Adjusted EBITDA reached $0.4 million, marking the seventh consecutive positive quarter. The company has a project backlog of $22.0 million as of March 31, 2022. The acquisition of Emerald C.M. enhances urban-gro's capabilities and is expected to boost earnings in 2022. Despite increased operating expenses of $5.8 million, the company maintains a strong balance sheet with $27.1 million in cash and no debt while reaffirming its revenue guidance of over $110 million.
urban-gro (Nasdaq: UGRO) has successfully completed its acquisition of Emerald Construction Management Inc. as of April 29, 2022. The acquisition, valued at up to $7 million, is expected to enhance urban-gro’s design-build capabilities and construction management services in the indoor Controlled Environment Agriculture sector. Bradley Nattrass, CEO, noted the synergy with existing services and an immediate increase in project pipeline. The purchase was funded through a combination of cash and equity, with expectations of being accretive to earnings in 2022.
urban-gro, Inc. (Nasdaq: UGRO) announced it will report its financial results for Q1 2022 after market close on May 10, 2022. The company specializes in Controlled Environment Agriculture (CEA), focusing on design and construction for cannabis and food production facilities. An evening conference call at 5:30 PM ET will cover operational and financial highlights, followed by a Q&A session. A replay of the call will be available until May 24, 2022. urban-gro integrates complex environmental systems into high-performance facilities, aiming to optimize cultivation.
urban-gro (Nasdaq: UGRO) has announced the grand opening of an indoor farm at Bruce Randolph High School in Denver, CO, on April 22, 2022, coinciding with Earth Day. This project, in collaboration with Teens for Food Justice (TFFJ), aims to combat food insecurity through youth-led vertical farming. The Colorado farm marks TFFJ's first location in the state, training students aged 12-18 to manage hydroponic farms. CEO Bradley Nattrass expresses excitement over the partnership, emphasizing its community impact and educational benefits.
urban-gro, Inc. (Nasdaq: UGRO) participates in key conferences in April 2022, showcasing its expertise in Controlled Environment Agriculture (CEA). At the Fruit Logistica in Berlin from April 5-7, VP Lucas Targos will speak on vertical farming technology. Additionally, CEO Bradley Nattrass will present at the Benzinga Cannabis Capital Conference in Miami on April 20-21. Urban-gro specializes in integrated solutions for indoor CEA facilities.
urban-gro, Inc. (Nasdaq: UGRO) reported record fourth quarter revenue of $19.0 million, marking a 106% increase year-over-year, while full year revenue reached $62.1 million, a 140% growth. The company achieved a net loss of ($0.6 million) in Q4 and ($0.9 million) for the full year, significantly improving compared to previous losses. Adjusted EBITDA for Q4 was $0.5 million, and $2.7 million for the year. A project backlog of $30.2 million and guidance for 2022 revenue exceeding $110 million were also highlighted, driven by the upcoming acquisition of Emerald Construction Management.