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 a leading integrated professional services and design-build firm specializing in controlled environment agriculture (CEA), cannabis cultivation technologies, and commercial construction solutions. This page serves as the definitive source for official company news, press releases, and strategic updates.
Investors, analysts, and industry professionals will find timely information on earnings announcements, partnership developments, project milestones, and operational advancements. Our curated collection ensures access to verified updates about UGRO's architectural engineering services, equipment innovations, and cross-sector projects in healthcare, industrial, and municipal markets.
Content spans regulatory filings, leadership updates, and progress reports on design-build initiatives. Bookmark this page to efficiently track UGRO's evolving role in optimizing facility efficiencies through its unique blend of technology-driven design and construction management expertise.
XS Financial has partnered with urban-gro to offer CAPEX leasing solutions to the cannabis sector. This strategic alliance will provide urban-gro's customers with financing options while enhancing XS Financial's reach within the indoor CEA market. With a solid track record in financing for cannabis operators, both companies aim to improve clients' purchasing power and streamline supply chains. XS Financial continues expanding its capital markets access, having syndicated over $5.7M USD of existing leases.
urban-gro (Nasdaq: UGRO), a leader in Controlled Environment Agriculture, will participate in five key conferences in October 2021. Events include NECANN New Jersey on October 2-3, Alliance Global Partners Virtual Conference on October 5, LD Micro Main Event (virtual and in-person) on October 12-14, Benzinga Cannabis Capital Conference on October 14, and MJBizCon in Las Vegas from October 20-22. CEO Bradley Nattrass will address advancements in the cannabis sector, reflecting urban-gro's expertise and leadership in efficient cultivation systems.
urban-gro (Nasdaq: UGRO), a leader in Controlled Environment Agriculture, will showcase its advancements at three major events: the H.C. Wainwright 23rd Annual Global Investment Conference from Sept. 13-15, NYC AgTech Week 2021 on Sept. 23, and GreenTech from Sept. 28-30. CEO Bradley Nattrass will share insights on the global CEA industry at Wainwright and GreenTech. Additionally, Jim Dennedy, President and COO, will discuss capital raising at AgTech Week. These events highlight urban-gro's commitment to expanding in the cannabis and food-focused vertical farming sectors.
urban-gro (Nasdaq: UGRO) reported record Q2 2021 revenues of $12.8 million, a 220% increase year-over-year, and is now profitable with net income of $1.3 million. This marks the first positive net income in the company's 8-year history. The company has achieved positive Adjusted EBITDA for the fourth consecutive quarter and increased its project backlog to $27.9 million. Full year revenue guidance is set between $54 to $59 million. The acquisition of MJ12 Design Studio positions urban-gro as an industry leader in integrated services.
urban-gro, Inc. (Nasdaq: UGRO) has announced changes to its upcoming 2Q21 conference call, now scheduled for August 11, 2021, at 4:15 PM ET. The call will feature prepared remarks and a Q&A session focusing on the company’s operational and financial highlights. Interested parties can participate via phone or through a live audio webcast (webcast link). For those unable to attend, a replay will be available until August 25, 2021 by dialing the provided numbers and entering the passcode.
urban-gro has completed the acquisition of MJ12 Design Studio for $9.1 million, aimed at enhancing its architectural and engineering services in the Controlled Environment Agriculture (CEA) sector. This transaction is expected to generate $7-9 million in revenue and $1.5-2 million in Adjusted EBITDA over the next year, while also adding synergies that may increase revenue from existing engineering services by over $10 million. With this acquisition, urban-gro can now offer integrated design solutions across various facility types.
urban-gro has announced the acquisition of MJ12 Design Studio for $9.1 million, funded through cash and stock. This strategic move is expected to generate $7-$9 million in revenue and $1.5-$2.0 million in Adjusted EBITDA over the next year. The acquisition will enhance urban-gro’s capabilities by integrating architectural design into its offerings, aiming for over $10 million in incremental revenue from engineering services. With 70 open projects now, urban-gro will provide comprehensive project management for cannabis facilities.
urban-gro (Nasdaq: UGRO) will report its second quarter financial results on August 11, 2021, after market close. An audio webcast and conference call will be held that evening at 5:00 PM ET for investors, featuring a Q&A session. Interested parties can access a dial-in replay of the call until August 25, 2021. urban-gro specializes in engineering and systems integration for Controlled Environment Agriculture (CEA), serving both cannabis and food sectors. For more details, visit urban-gro’s investor relations page.
urban-gro (Nasdaq: UGRO) announced the acquisition of MJ12 Design Studio and its parent company, 2WR+ Partners, for $9.1 million, funded through cash and UGRO stock. This strategic move expands urban-gro's services in Controlled Environment Agriculture (CEA), enhancing its ability to provide integrated architecture and engineering solutions. The acquisition is expected to be accretive to earnings in the current fiscal year, with over 70 open client projects now part of urban-gro's portfolio, positioning the company for growth in the rapidly evolving CEA market.
urban-gro (Nasdaq: UGRO) announced that Todd Statzer, VP of Environmental Sciences Group, will present at CannaCon Midwest on June 26, 2021, discussing Integrated Pest Management (IPM) programs. His lecture will outline IPM's three pillars in the context of Michigan's cannabis market. With over 30 years in agriculture and horticulture, Statzer aims to guide cultivators on effective pest management. urban-gro will also have experts available to address questions about their systems and services at booth #116.
