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, Inc. (Nasdaq: UGRO) participates in key conferences in April 2022, showcasing its expertise in Controlled Environment Agriculture (CEA). At the Fruit Logistica in Berlin from April 5-7, VP Lucas Targos will speak on vertical farming technology. Additionally, CEO Bradley Nattrass will present at the Benzinga Cannabis Capital Conference in Miami on April 20-21. Urban-gro specializes in integrated solutions for indoor CEA facilities.
urban-gro, Inc. (Nasdaq: UGRO) reported record fourth quarter revenue of $19.0 million, marking a 106% increase year-over-year, while full year revenue reached $62.1 million, a 140% growth. The company achieved a net loss of ($0.6 million) in Q4 and ($0.9 million) for the full year, significantly improving compared to previous losses. Adjusted EBITDA for Q4 was $0.5 million, and $2.7 million for the year. A project backlog of $30.2 million and guidance for 2022 revenue exceeding $110 million were also highlighted, driven by the upcoming acquisition of Emerald Construction Management.
urban-gro (Nasdaq: UGRO) has signed a definitive agreement to acquire Emerald Construction Management Inc. for $7 million, which includes a maximum $2 million contingent earnout. The acquisition is anticipated to enhance urban-gro's capabilities in the indoor Controlled Environment Agriculture (CEA) market by providing complete turn-key facilities. With 2021 revenues of $26.5 million and adjusted EBITDA of $1.2 million, Emerald C.M. adds vital construction management experience. The deal is expected to be accretive to earnings in 2022, significantly boosting urban-gro's market position.
urban-gro, Inc. (Nasdaq: UGRO) announced plans to report its financial results for the fiscal fourth quarter and full year ending December 31, 2021, after market close on March 29, 2022. The company will take part in two March investor conferences: the 34th Annual Roth Conference in Dana Point, CA, from March 13-15, and the Maxim Virtual Growth Conference from March 28-30. A conference call will be held on March 29, 2022, at 4:30 p.m. ET to discuss operational and financial highlights. Urban-gro specializes in Controlled Environment Agriculture systems.
urban-gro, Inc. (Nasdaq: UGRO) announced its upcoming participation in several industry conferences across Dubai, Las Vegas, Barcelona, Tel Aviv, and Boston from February to March 2022. Key presentations include topics like Contextualized Tech Solutions in CEA and Integrated Pest Management Programs. The company aims to showcase its expertise in Controlled Environment Agriculture (CEA) and cultivate relationships with industry players. For consultations on indoor facility design and optimization, interested parties are encouraged to contact respective sales executives.
urban-gro (Nasdaq: UGRO) has expanded its stock repurchase program by an additional $1.5 million, bringing the total authorization to $8.5 million. This move follows a previous increase of $2 million on January 18, 2022. The company may buy back shares on the open market or through private negotiations as per management's discretion, considering various market conditions and available cash. The timing and amount of repurchases are uncertain, and the program may be discontinued at any time.
urban-gro (Nasdaq: UGRO) announced an increase of $2 million to its stock repurchase program, expanding it to $7 million. This move aims to enhance shareholder value and reflects confidence in the company's financial health. CEO Bradley Nattrass highlighted the repurchase as a chance to buy shares at a discount relative to their intrinsic value. Stock repurchases will depend on various factors including market conditions, and the program may be discontinued at any time if necessary.
Thrive Agritech has announced a partnership with urban-gro (Nasdaq: UGRO) to integrate Thrive's LED horticulture lighting solutions within urban-gro's turn-key systems in the Controlled Environment Agriculture market. Brian Bennett, CEO of Thrive Agritech, expressed excitement about extending their LED solutions' availability, aiming to enhance customer benefits. urban-gro's COO, Jim Dennedy, highlighted the importance of integrating high-performance lighting to meet clients' unique needs. This collaboration is expected to strengthen both companies' positions in the evolving indoor agriculture sector.
urban-gro (Nasdaq: UGRO) reported strong preliminary financial results for the fiscal year ended December 31, 2021. Revenue is expected to reach approximately $62 million, marking a 140% increase from $25.8 million in 2020, exceeding previous guidance. The company anticipates a record consolidated backlog exceeding $30 million, with significant contributions from equipment and service contracts. Additionally, urban-gro expects positive adjusted EBITDA of over $2.2 million for the year, showing substantial improvement from 2020. CEO Bradley Nattrass highlighted robust growth and momentum within diverse global markets.
urban-gro, Inc. (Nasdaq: UGRO) announced participation in two upcoming investor and trade conferences in January 2022. First, at CannaCon Northeast in New York on Jan. 7-8, Sam Andras will present on cannabis facility design. Then, during the 2022 ICR Conference from Jan. 10-12, CEO Brad Nattrass and other executives will present and engage in investor meetings on Jan. 10. urban-gro specializes in integrated solutions for Controlled Environment Agriculture (CEA), catering to both cannabis and food sectors, aiming to optimize cultivation operations.
