Urban-gro

Urban-Gro, Inc. is an agricultural technology systems integrator. The firm engages in manufacturing, distributing, and selling lighting, pest management, fertigation, and water and other products to the medical and recreational cannabis industry in states where operation of a cannabis production facility has been legalized. It also provides full design and expertise on climate and automated control of fertigation and irrigation systems, lighting systems, environmental, substrate and inventory monitoring, water treatment systems, and integrated pest management solutions. The company was founded by Bradley J. Nattrass and Octavio Gutierrez on March 20, 2014 and is headquartered in Lafayette, CO.

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urban-gro, Inc. is an agricultural technology systems integrator. The firm engages in manufacturing, distributing, and selling lighting, pest management, fertigation, and water and other products to the medical and recreational cannabis industry in states where operation of a cannabis production facility has been legalized. It also provides full design and expertise on climate and automated control of fertigation and irrigation systems, lighting systems, environmental, substrate and inventory monitoring, water treatment systems, and integrated pest management solutions. The company was founded by Bradley J. Nattrass and Octavio Gutierrez on March 20, 2014 and is headquartered in Lafayette, CO.

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The IPO frenzy continued this past week as 17 IPOs and 26 SPACs entered the public market. Headlining the week were dating app Bumble, which completed the year's largest deal so far, and Chinese cloud services provider Cloopen Group, which bagged the biggest pop of 2021 to date.

U.S. IPO Weekly Recap: IPO Frenzy Brings The Year's Largest Deal And Biggest Pop In A 17 IPO Week

Shares of urban-gro Inc. plummeted 74.3% in premarket trading, on the same day that they are slated to move over to the Nasdaq from the OTCQX Marketplace, after a large stock offering priced at a deep discount. Colorado-based Urban-gro, which makes commercial controlled environment agriculture facilities, said late Thursday that its public offering of 5.4 million shares price at $10 a share, but the stock had closed Thursday at $47.00.

Urgan-gro stock set to move to Nasdaq, but prices plunge after stock offering prices at deep discount

LAFAYETTE, Colo., Feb. 11, 2021 (GLOBE NEWSWIRE) -- urban-gro, Inc. (NASDAQ: UGRO) (“urban-gro” or the “Company”), a leading global horticulture company that engineers and designs commercial Controlled Environment Agriculture (“CEA”) facilities and integrates complex environmental equipment systems into these high-performance facilities, today announced the pricing of an underwritten public offering of 5,400,000 shares of the Company's common stock at a public offering price of $10 per share for aggregate gross proceeds of $54,000,000 prior to deducting underwriting discounts, commissions, and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 810,000 shares of common stock at the public offering price less the underwriting discounts and commissions. The offering is expected to close on February 17, 2021, subject to satisfaction of customary closing conditions.

urban-gro Announces Pricing of $54 Million Public Offering and Nasdaq Listing

urban-gro Proposes $18 Million U.S. Uplisting IPO Terms

LAFAYETTE, Colo., Jan. 05, 2021 (GLOBE NEWSWIRE) -- urban- gro , Inc. (OTCQX: UGRO) (“urban-gro” or the “Company”), a leading global horticulture company that engineers and designs commercial Controlled Environment Agriculture (“CEA”) facilities and integrates complex environmental equipment systems into these high-performance facilities, announced today that the Company has effected a 1-for-6 reverse split of its issued and outstanding shares of common stock. Shares of urban-gro's common stock will begin trading on a split-adjusted basis under the ticker symbol “UGROD” on the OTCQX on January 6, 2021 for a period of 20 trading days, after which the ticker symbol will revert to “UGRO”. The new CUSIP number for urban-gro's common stock following the reverse split is 91704K202.

urban-gro, Inc. Announces Reverse Stock Split

LAFAYETTE, Colo., Jan. 04, 2021 (GLOBE NEWSWIRE) -- urban-gro, Inc. (OTCQX: UGRO) (“urban-gro” or the “Company”), a leading global horticulture services company that engineers and designs commercial Controlled Environment Agriculture (“CEA”) facilities and integrates complex environmental equipment systems into these high-performance facilities, announced today its preliminary and unaudited expected Revenues, Net Loss, and Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA”) for its fourth quarter and fiscal year ended December 31, 2020. urban-gro expects its preliminary and unaudited fiscal fourth quarter 2020 revenue to be between $9.0 million and $9.3 million, compared to $7.1 million in its fiscal fourth quarter 2019, representing more than a 26% increase. Preliminary and unaudited fiscal year 2020 revenue is expected to be between $25.6 million and $25.9 million, compared to $24.2 million reported in its fiscal year 2019. This expected increase in revenue was driven by an increase in the shipment of complex environmental equipment systems and sales of other cultivation equipment predominantly tied to design contracts signed. urban-gro expects its preliminary and unaudited fiscal fourth quarter 2020 net loss to be between negative ($1.7) million and negative ($1.4) million, compared to negative ($2.6) million in its fourth quarter of 2019. Preliminary unaudited fiscal year 2020 net loss is expected to be between negative ($5.7) million and negative ($5.4) million, compared to negative ($8.4) million in its fiscal year 2019. This expected improvement in net loss is driven by a reduction in operating expenses.

urban-gro, Inc. Reports Preliminary Fourth Quarter and Fiscal Year 2020 Results

News for Urban-gro Stock (UGRO)