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 design-build firm in the Controlled Environment Agriculture (CEA) sector, has acquired Dawson Van Orden, a Texas engineering firm, for $6.1 million. This acquisition enhances urban-gro's engineering capabilities and expands its market presence. DVO, generating approximately $5.5 million in revenue with over 20% EBITDA margins, is expected to provide cross-selling opportunities and improve margins. Urban-gro CEO Bradley Nattrass highlighted the acquisition's strategic importance amid rising demand for CEA professional services.
urban-gro, Inc. (Nasdaq: UGRO) announced it will report its financial and operational results for Q3 2022 on November 10, 2022, after market close. A conference call will follow at 4:30 PM ET, where management will discuss key highlights and take questions from participants. The company provides professional services and design-build solutions for the Controlled Environment Agriculture (CEA) and commercial sectors. Interested parties can access a replay of the call until November 24, 2022.
urban-gro (Nasdaq: UGRO) announced a binding letter of intent to acquire Dawson Van Orden, Inc. (DVO), an engineering firm specializing in indoor Controlled Environment Agriculture (CEA), for $7.25 million. This acquisition will enhance urban-gro's engineering capabilities and is expected to generate immediate revenue and margin growth. The funding will be sourced from cash, a seller's note, and UGRO common stock. DVO reported $5.5 million in revenue and over 20% EBITDA in the past year. Completion of the acquisition is anticipated in Q4 2022.
urban-gro, Inc. (Nasdaq: UGRO) announced strong growth in its design-build division, signing over $50 million in new contracts during Q3 2022. Following its acquisition of Emerald Construction Management, the company now offers a comprehensive design-build solution, managing everything from architecture to equipment integration. CEO Bradley Nattrass expressed confidence in ongoing client interest and reiterated guidance for Q3, highlighting the company’s strategy for sustainable growth in the Controlled Environment Agriculture (CEA) sector and beyond.
XS Financial Inc. announced the receipt of a delayed draw of $10 million as part of its $43.5 million unsecured convertible notes financing. This financing, led by a large institutional investor, originally funded $33.5 million at the closing on November 1, 2021. The company, specializing in CAPEX financing for U.S. cannabis firms, has partnered with over 250 OEMs, contributing to recurring revenues and strong profit margins.
urban-gro, Inc. (Nasdaq: UGRO) announced participation in several October conferences, including A.G.P.’s Fall Consumer Cannabis Conference and the Lucky Leaf Expo. Key executives will host presentations and engage in one-on-one meetings with investors. The conferences aim to showcase the company's solutions in Controlled Environment Agriculture (CEA). Notably, Bradley Nattrass, CEO, will present at multiple events, enhancing investor relations. The company continues to focus on delivering value-added services across various sectors, including industrial and healthcare.
urban-gro (Nasdaq: UGRO) has announced a new stock repurchase program authorizing up to $2 million to buy back its common stock, succeeding a previously completed $8.5 million program. CEO Bradley Nattrass highlighted the company's strong balance sheet, with approximately $2.00 per share in net cash as of June 30, 2022, indicating ample flexibility for shareholder returns and growth initiatives. The repurchase strategy aims to capitalize on current market prices perceived as a significant discount to intrinsic value, enhancing shareholder value.
urban-gro, Inc. (Nasdaq: UGRO) announced its participation in key industry conferences this September. The company will showcase its services at the Cannabis Business Expo in Zurich on September 10-11, with Managing Director Arie Kamp attending. Additionally, CFO Dick Akright will present at the H.C. Wainwright Annual Global Investment Conference in New York on September 14, while CEO Bradley Nattrass will engage in a fireside chat at the Benzinga Cannabis Capital Conference in Chicago on September 13. These events highlight urban-gro's commitment to networking and growth in the Controlled Environment Agriculture sector.
urban-gro reported second-quarter revenue of $16.3 million, marking a 27% increase year-over-year. However, the net loss was $(1.7 million), with Adjusted EBITDA at $(0.5 million). The company holds a strong cash position of $22.8 million with no debt and a project backlog of $22.0 million. Guidance for Q3 2022 anticipates revenue of $10-$11 million and an Adjusted EBITDA loss of $(2.6) to $(2.4 million). The company is strategically diversifying into new markets amidst challenges in the cannabis sector.
urban-gro, Inc. (Nasdaq: UGRO) announced it will release its financial results for Q2 2022 on August 15, after market close. The company will hold a conference call at 4:30 PM ET the same day to discuss operational highlights and financial metrics. Key contact numbers for participants are provided, along with access details to a replay of the call available until August 29. urban-gro specializes in integrated professional services for Controlled Environment Agriculture and other commercial sectors, emphasizing innovation and customer experience.
