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 signed a definitive agreement to acquire Emerald Construction Management Inc. for $7 million, which includes a maximum $2 million contingent earnout. The acquisition is anticipated to enhance urban-gro's capabilities in the indoor Controlled Environment Agriculture (CEA) market by providing complete turn-key facilities. With 2021 revenues of $26.5 million and adjusted EBITDA of $1.2 million, Emerald C.M. adds vital construction management experience. The deal is expected to be accretive to earnings in 2022, significantly boosting urban-gro's market position.
urban-gro, Inc. (Nasdaq: UGRO) announced plans to report its financial results for the fiscal fourth quarter and full year ending December 31, 2021, after market close on March 29, 2022. The company will take part in two March investor conferences: the 34th Annual Roth Conference in Dana Point, CA, from March 13-15, and the Maxim Virtual Growth Conference from March 28-30. A conference call will be held on March 29, 2022, at 4:30 p.m. ET to discuss operational and financial highlights. Urban-gro specializes in Controlled Environment Agriculture systems.
urban-gro, Inc. (Nasdaq: UGRO) announced its upcoming participation in several industry conferences across Dubai, Las Vegas, Barcelona, Tel Aviv, and Boston from February to March 2022. Key presentations include topics like Contextualized Tech Solutions in CEA and Integrated Pest Management Programs. The company aims to showcase its expertise in Controlled Environment Agriculture (CEA) and cultivate relationships with industry players. For consultations on indoor facility design and optimization, interested parties are encouraged to contact respective sales executives.
urban-gro (Nasdaq: UGRO) has expanded its stock repurchase program by an additional $1.5 million, bringing the total authorization to $8.5 million. This move follows a previous increase of $2 million on January 18, 2022. The company may buy back shares on the open market or through private negotiations as per management's discretion, considering various market conditions and available cash. The timing and amount of repurchases are uncertain, and the program may be discontinued at any time.
urban-gro (Nasdaq: UGRO) announced an increase of $2 million to its stock repurchase program, expanding it to $7 million. This move aims to enhance shareholder value and reflects confidence in the company's financial health. CEO Bradley Nattrass highlighted the repurchase as a chance to buy shares at a discount relative to their intrinsic value. Stock repurchases will depend on various factors including market conditions, and the program may be discontinued at any time if necessary.
Thrive Agritech has announced a partnership with urban-gro (Nasdaq: UGRO) to integrate Thrive's LED horticulture lighting solutions within urban-gro's turn-key systems in the Controlled Environment Agriculture market. Brian Bennett, CEO of Thrive Agritech, expressed excitement about extending their LED solutions' availability, aiming to enhance customer benefits. urban-gro's COO, Jim Dennedy, highlighted the importance of integrating high-performance lighting to meet clients' unique needs. This collaboration is expected to strengthen both companies' positions in the evolving indoor agriculture sector.
urban-gro (Nasdaq: UGRO) reported strong preliminary financial results for the fiscal year ended December 31, 2021. Revenue is expected to reach approximately $62 million, marking a 140% increase from $25.8 million in 2020, exceeding previous guidance. The company anticipates a record consolidated backlog exceeding $30 million, with significant contributions from equipment and service contracts. Additionally, urban-gro expects positive adjusted EBITDA of over $2.2 million for the year, showing substantial improvement from 2020. CEO Bradley Nattrass highlighted robust growth and momentum within diverse global markets.
urban-gro, Inc. (Nasdaq: UGRO) announced participation in two upcoming investor and trade conferences in January 2022. First, at CannaCon Northeast in New York on Jan. 7-8, Sam Andras will present on cannabis facility design. Then, during the 2022 ICR Conference from Jan. 10-12, CEO Brad Nattrass and other executives will present and engage in investor meetings on Jan. 10. urban-gro specializes in integrated solutions for Controlled Environment Agriculture (CEA), catering to both cannabis and food sectors, aiming to optimize cultivation operations.
urban-gro (Nasdaq: UGRO) has partnered with King Solomon Nutrients to deliver optimized crop fertilizers designed for commercial growers in indoor Controlled Environment Agriculture (CEA). With over 20 years in the agricultural sector, King Solomon provides liquid and dry fertilizers tailored for various growth stages. This partnership aims to enhance plant health and streamline nutrient delivery, integrating seamlessly with urban-gro's cultivation systems. The fertilizers are manufactured in the U.S., ensuring efficient supply chain management and ease of use for growers.
urban-gro, Inc. (Nasdaq: UGRO) announced the signing of two new contracts with established clients in the indoor Controlled Environment Agriculture (CEA) market. The first contract, with a multi-state operator, makes urban-gro the exclusive provider of architecture, engineering, and equipment supply for new cultivation facilities. The second contract, with a leading Canadian licensed producer, is projected to generate approximately $9 million in cultivation equipment revenue. These agreements are expected to enhance urban-gro's backlog, currently at $22.5 million.