urban-gro, Inc. Awarded $1.5 Million Contract to Provide Architecture, Interior Design, and Engineering Services

Rhea-AI Summary

urban-gro, Inc. has been awarded a $1.5 million contract to provide architecture, interior design, and engineering services to a healthcare sector client in the southeastern United States. The revenue from this project will be recognized over the next four quarters.

LAFAYETTE, Colo., Aug. 15, 2023 (GLOBE NEWSWIRE) -- urban-gro, Inc. (Nasdaq: UGRO) (“urban-gro” or the “Company”), an integrated professional services and design-build firm offering solutions to the Controlled Environment Agriculture (“CEA”) and commercial sectors, today announced that the Company was awarded a $1.5 million contract to provide architecture, interior design, and engineering services to a healthcare sector client in the southeastern United States. The Company anticipates that the majority of the revenue from this project will be recognized over the next four quarters.

Bradley Nattrass, Chairman and CEO, commented, “We continue to see our professional services offerings resonate across all of our target markets, including healthcare. This project is another example of our evolution into a professional services consulting company operating in multiple sectors.”

About urban-gro, Inc.
urban-gro, Inc.® (Nasdaq: UGRO) is an integrated professional services and design-build firm. We offer value-added architectural, engineering, and construction management solutions to the Controlled Environment Agriculture (“CEA”), industrial, healthcare, and other commercial sectors. Innovation, collaboration, and creativity drive our team to provide exceptional customer experiences. With offices across North America and in Europe, we deliver Your Vision – Built. Learn more by visiting www.urban-gro.com.

Investor Contacts:
Dan Droller: urban-gro, Inc.
EVP Corporate Development & Investor Relations
-or-
Jeff Sonnek: ICR, Inc.
(720) 730-8160
investors@urban-gro.com

Media Contact:
Patricia Whyte – MATTIO Communications
(551) 795-7315 
urbangro@mattio.com

FAQ

What is the name of the company mentioned in the press release?

The company mentioned in the press release is urban-gro, Inc.

What is the value of the contract awarded to urban-gro, Inc.?

urban-gro, Inc. has been awarded a $1.5 million contract.

What services will urban-gro, Inc. provide under the contract?

urban-gro, Inc. will provide architecture, interior design, and engineering services.

Which sector is the client in?

The client is in the healthcare sector.

Where is the client located?

The client is located in the southeastern United States.

How long will it take to recognize the revenue from this project?

The revenue from this project will be recognized over the next four quarters.