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.
urban-gro, a leading global horticulture company, announced its addition to the Russell 2000® Index, effective June 25, 2021. This index is crucial for investors managing small-cap segments. CEO Bradley Nattrass expressed optimism about leveraging this exposure for shareholder value growth. Additionally, the company appointed Anita Britt and David Hsu to its Board of Directors, enhancing operational and financial expertise. Britt brings over 30 years in financial management, while Hsu has significant experience in controlled environment agriculture (CEA) from his time at Cronos Group.
urban-gro reported record Q1 2021 revenues of $12.0 million, a 182% increase from $4.2 million in Q1 2020. Adjusted EBITDA improved to $0.5 million, up $1.4 million year-over-year. The backlog reached $15.2 million, an increase from $14.6 million at year-end 2020. With a strong cash position of $50 million and minimal debt, the company is positioned for growth. The recent Nasdaq uplisting and a public offering raised $62.1 million, enhancing financial stability.
urban-gro (NASDAQ: UGRO) will report its first quarter 2021 financial results on May 11, 2021, followed by a conference call at 5:00 PM ET. The call will be led by CEO Bradley Nattrass and CFO Dick Akright, discussing operational and financial outcomes. The event will be accessible via phone and live audio webcast, which will also be archived for 90 days. urban-gro specializes in designing and engineering commercial Controlled Environment Agriculture (CEA) facilities, focusing on integrating complex environmental systems.
JTC Team is hosting a Virtual Investor 'Ask the CEO' event from April 21-23, 2021, featuring American Resources Corporation (NASDAQ:AREC), urban-gro, Inc. (NASDAQ:UGRO), and SinglePoint Inc. (OTC PINK:SINGD). This event allows retail investors to engage directly with company executives, offering a brief presentation followed by a 20-minute Q&A session. Investors can submit questions live or in advance via virtualinvestorco.com. The initiative aims to empower the growing community of retail investors.
urban-gro (NASDAQ: UGRO) reported record revenues for Q1 2021, expected to be between $11.8 million and $12.1 million, marking a 174% increase from $4.3 million in Q1 2020. The company anticipates an improvement in income from operations, projected between ($0.1) million and $0.2 million, compared to ($1.4) million the previous year. Adjusted EBITDA is expected to be a record $0.35 million to $0.6 million, improving from ($0.9) million in Q1 2020. As of March 31, 2021, urban-gro's backlog exceeded $15 million, showing strong growth.
urban-gro (NASDAQ: UGRO) has joined the Board of Directors of the National Cannabis Roundtable (NCR), a key advocacy group for federal cannabis reform in the U.S. The announcement emphasizes urban-gro's commitment to shaping effective legislation for the cannabis industry. Represented by CEO Bradley Nattrass, the company aims to leverage its crop-agnostic Controlled Environment Agriculture (CEA) expertise to promote safety and integrity in the cannabis market. NCR prioritizes decriminalization, patient safety, and equitable treatment for cannabis businesses, aligning with urban-gro's mission.
urban-gro reported record revenues of $25.8 million in 2020, a 7% increase over 2019, with $9.2 million in Q4, showing a 30% rise year-over-year. The company ended 2020 with a backlog exceeding $14 million and achieved positive Adjusted EBITDA for the second consecutive quarter. Although net loss improved to $5.1 million from $8.4 million, gross margin decreased to 22% from 27% due to lower-margin sales. The company raised $62.1 million in equity and aims for operational cash flow positivity by year-end 2021.
urban-gro, Inc. (NASDAQ: UGRO) will announce its fourth quarter and year-end 2020 financial results on March 31, 2021. The company specializes in engineering and designing Controlled Environment Agriculture (CEA) facilities and will host a conference call at 8:30 AM ET that same day, led by CEO Bradley Nattrass and CFO Dick Akright. Investors can access the call via phone or through a live audio webcast, which will also be archived for 90 days.
urban-gro (NASDAQ: UGRO) has signed commercial representation agreements with companies in France and the Netherlands, marking its first ventures outside the US. These agreements aim to boost its presence in the rapidly growing European market for Controlled Environment Agriculture (CEA) solutions. The company is also collaborating with a manufacturing partner to develop specialized environmental mechanical systems tailored for Europe. CEO Bradley Nattrass emphasized the significant growth opportunity presented by this expansion into Europe, which is driven by a surge in demand for sustainable CEA facilities.
urban-gro (NASDAQ: UGRO) recently appointed Barbara Jacobs as Vice President of Marketing, enhancing its leadership team. The company signed its first Canadian engineering and design services contract focusing on Controlled Environment Agriculture, particularly for a vertical farming facility. This contract with Interius Farms aims to deliver local produce by leveraging urban-gro's expertise in CEA. Additionally, urban-gro delivered its first HVAC mechanical system for a cannabis cultivation facility, marking a significant milestone in its expanded environmental equipment offerings.
