urban-gro, Inc. Awarded New Construction Contract with Fogo de Chão
urban-gro, Inc. (NASDAQ: UGRO) has secured a new construction contract to build a Fogo de Chão restaurant in Tigard, Oregon. The integrated professional services and Design-Build firm will manage the entire project lifecycle from preconstruction through delivery, with revenue expected to be recognized by Q3 2025.
This contract expands urban-gro's existing portfolio of Fogo de Chão projects across multiple U.S. states, including Texas, Colorado, Utah, and Nevada. The project is set to commence immediately, demonstrating the company's continued success in securing repeat business in the hospitality sector.
urban-gro, Inc. (NASDAQ: UGRO) ha ottenuto un nuovo contratto per la costruzione di un ristorante Fogo de Chão a Tigard, Oregon. L'azienda, specializzata in servizi professionali integrati e Design-Build, gestirà l'intero ciclo di vita del progetto dalla fase di pre-costruzione fino alla consegna, con un riconoscimento dei ricavi previsto entro il terzo trimestre del 2025.
Questo contratto amplia il portafoglio di urban-gro, che include già progetti per Fogo de Chão in diversi stati degli Stati Uniti, come Texas, Colorado, Utah e Nevada. Il progetto partirà immediatamente, confermando il successo continuo dell'azienda nel garantire commesse ripetute nel settore dell'ospitalità.
urban-gro, Inc. (NASDAQ: UGRO) ha asegurado un nuevo contrato de construcción para un restaurante Fogo de Chão en Tigard, Oregon. La empresa de servicios profesionales integrados y diseño-construcción gestionará todo el ciclo del proyecto desde la preconstrucción hasta la entrega, con ingresos esperados para el tercer trimestre de 2025.
Este contrato amplía el portafolio existente de urban-gro con proyectos de Fogo de Chão en varios estados de EE. UU., incluyendo Texas, Colorado, Utah y Nevada. El proyecto comenzará de inmediato, demostrando el éxito continuo de la compañía en obtener negocios recurrentes en el sector de la hospitalidad.
urban-gro, Inc. (NASDAQ: UGRO)가 오리건주 티가드에 위치한 Fogo de Chão 레스토랑 건설을 위한 신규 계약을 체결했습니다. 통합 전문 서비스 및 디자인-빌드 회사인 urban-gro는 사전 건설부터 납품까지 프로젝트 전 과정을 관리할 예정이며, 2025년 3분기까지 수익 인식이 예상됩니다.
이번 계약은 텍사스, 콜로라도, 유타, 네바다 등 여러 미국 주에서 진행 중인 Fogo de Chão 프로젝트 포트폴리오를 확장하는 것으로, 즉시 착공할 계획이며, 환대 산업에서 반복 수주를 지속적으로 확보하는 회사의 성공을 보여줍니다.
urban-gro, Inc. (NASDAQ : UGRO) a obtenu un nouveau contrat de construction pour un restaurant Fogo de Chão à Tigard, Oregon. Cette entreprise de services professionnels intégrés et de conception-construction gérera l'ensemble du cycle de vie du projet, de la préconstruction à la livraison, avec des revenus attendus d'ici le troisième trimestre 2025.
Ce contrat élargit le portefeuille existant d'urban-gro comprenant des projets Fogo de Chão dans plusieurs États américains, notamment le Texas, le Colorado, l'Utah et le Nevada. Le projet débutera immédiatement, témoignant du succès continu de la société à obtenir des contrats récurrents dans le secteur de l'hôtellerie.
urban-gro, Inc. (NASDAQ: UGRO) hat einen neuen Bauauftrag für ein Fogo de Chão Restaurant in Tigard, Oregon erhalten. Das integrierte Dienstleistungs- und Design-Build-Unternehmen wird den gesamten Projektzyklus von der Vorfertigung bis zur Übergabe betreuen, wobei mit Umsatzerlösen im dritten Quartal 2025 gerechnet wird.
Dieser Auftrag erweitert das bestehende Portfolio von urban-gro mit Fogo de Chão-Projekten in mehreren US-Bundesstaaten, darunter Texas, Colorado, Utah und Nevada. Das Projekt soll sofort beginnen und zeigt den anhaltenden Erfolg des Unternehmens bei der Sicherung von Folgeaufträgen im Gastgewerbe.
- Secured new construction contract with established restaurant chain Fogo de Chão
- Demonstrates ability to win repeat business from major hospitality clients
- Revenue recognition expected by Q3 2025
- Expands geographic presence to Oregon, adding to existing portfolio across multiple states
- None.
LAFAYETTE, COLORADO / ACCESS Newswire / May 6, 2025 / urban-gro, Inc. (Nasdaq:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to multiple sectors, today announced that the firm has secured a contract for the construction of a new Fogo de Chão restaurant in Tigard, Oregon. urban-gro will oversee the entire project lifecycle from preconstruction through project delivery.
This contract award further adds to urban-gro's existing portfolio of projects with Fogo de Chão across the U.S. in Texas, Colorado, Utah, Nevada, and now Oregon. Work on the Tigard location is set to begin immediately, with the bulk of the revenue anticipated to be recognized by the third quarter of 2025.
"We are pleased to be selected as the contractor for the new Tigard location and to further strengthen our valued partnership with Fogo de Chão," said Bradley Nattrass, Chairman and CEO of urban-gro. "Earning repeat business from such a respected brand is a clear reflection of our team's ability to consistently deliver customized, high-quality solutions for the hospitality sector. We appreciate the continued trust Fogo de Chão has placed in us and look forward to bringing this next project to life."
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.
About Fogo de Chão
Fogo de Chão (fogo-dee-shown) is an internationally renowned restaurant from Brazil that elevates the culinary art of churrasco - the art of roasting high-quality cuts of meat over an open flame - into a cultural dining experience. Fogo is famed for its prix fixe Full Churrasco Experience that offers a continuous selection of premium cuts butchered daily by gaucho chefs, simply seasoned and grilled to create a craveable salty bark, then carved tableside. The naturally gluten-free Market Table offers a selection of seasonal salads, charcuterie, exotic fruit, superfoods and more. From celebratory to everyday occasions, Fogo provides selections for every daypart, including All-Day Happy Hour at Bar Fogo, Weekday Lunch, Dinner, and Weekend Brazilian Brunch. Guests can enhance their experience with offerings ranging from a shareable Wagyu New York Strip, South American wines, and more. For locations and to book a reservation to experience the fire of Fogo, visit fogo.com.
Safe Harbor Statement
This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this release, terms such as "believes," "will," "expects," "anticipates," "may," "projects" and similar expressions and variations as they relate to the Company, or its management are intended to identify forward-looking statements. The forward-looking statements in this press release include, without limitation, future events and future performance. These and other forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including, among others, our ability to successfully manage and integrate acquisitions, our ability to accurately forecast revenues and costs, competition for projects in our markets, our ability to predict and respond to new laws and governmental regulatory actions, including delays granting licenses to clients or potential clients and delays in passage of legislation expected to benefit our clients or potential clients, our ability to successfully develop new and/or enhancements to our product offerings and develop a product mix to meet demand, risks related to adverse weather conditions, supply chain issues, rising interest rates, economic downturn or other factors that could cause delays or the cancellation of projects in our backlog or our ability to secure future projects, our ability to maintain favorable relationships with suppliers, risks associated with reliance on key customers and suppliers, our ability to attract and retain key personnel, results of litigation and other claims and insurance coverage issues, risks related to our information technology systems and infrastructure, risks associated with climate change and ESG matters, our ability to maintain effective internal controls, our ability to execute on our strategic plans, our ability to achieve and maintain cost savings, the sufficiency of our liquidity and capital resources, and our ability to achieve our key initiatives for 2023, particularly our growth initiatives. A more detailed description of these and certain other factors that could affect actual results is included in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date hereof, except as may be required by law.
Investor Contacts:
Jeff Sonnek - ICR, Inc.
(720) 730-8160
investors@urban-gro.com
Media Contact:
Barbara Graham - urban-gro, Inc.
(720) 903-1139
media@urban-gro.com
SOURCE: urban-gro, Inc.
View the original press release on ACCESS Newswire
FAQ
What is the new construction contract UGRO won with Fogo de Chão?
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