urban-gro Expands Cannabis Sector Offering with Launch of New Processing and Extraction Division
urban-gro (Nasdaq:UGRO) has launched a new Processing and Extraction Division to expand its cannabis sector offerings. The division focuses on post-harvest operations, providing integrated design, engineering, and construction services for extraction spaces, including C1D1/C1D2 hazardous environments and dry rooms. The company has hired a Business Development Director with eight years of experience in construction and post-processing to lead the division. This expansion aims to meet growing client demand for advanced post-harvest services and high-quality processing equipment while ensuring facilities meet industry standards and regulatory requirements.
urban-gro (Nasdaq:UGRO) ha lanciato una nuova Divisione di Elaborazione e Estrazione per ampliare la propria offerta nel settore della cannabis. La divisione si concentra sulle operazioni post-raccolta, fornendo servizi integrati di design, ingegneria e costruzione per spazi di estrazione, inclusi ambienti pericolosi C1D1/C1D2 e camere asciutte. L'azienda ha assunto un Direttore dello Sviluppo Aziendale con otto anni di esperienza nella costruzione e nel post-processo per guidare la divisione. Questa espansione mira a soddisfare la crescente domanda dei clienti per servizi avanzati post-raccolta e attrezzature di elaborazione di alta qualità, garantendo al contempo che le strutture soddisfino gli standard industriali e i requisiti normativi.
urban-gro (Nasdaq:UGRO) ha lanzado una nueva División de Procesamiento y Extracción para ampliar su oferta en el sector del cannabis. La división se centra en las operaciones posteriores a la cosecha, proporcionando servicios integrados de diseño, ingeniería y construcción para espacios de extracción, incluidos ambientes peligrosos C1D1/C1D2 y salas secas. La empresa ha contratado a un Director de Desarrollo Empresarial con ocho años de experiencia en construcción y procesamiento posterior para liderar la división. Esta expansión tiene como objetivo satisfacer la creciente demanda de los clientes de servicios avanzados posteriores a la cosecha y equipos de procesamiento de alta calidad, asegurando al mismo tiempo que las instalaciones cumplan con los estándares de la industria y los requisitos regulatorios.
urban-gro (Nasdaq:UGRO)는 대마초 분야의 서비스를 확장하기 위해 새로운 가공 및 추출 부서를 출범했습니다. 이 부서는 수확 후 운영에 집중하며, C1D1/C1D2 위험 환경 및 건조실을 포함한 추출 공간을 위한 통합 설계, 엔지니어링 및 건설 서비스를 제공합니다. 회사는 이 부서를 이끌기 위해 건설 및 후처리에서 8년의 경험을 가진 비즈니스 개발 이사를 고용했습니다. 이 확장은 고급 수확 후 서비스 및 고품질 가공 장비에 대한 고객의 증가하는 수요를 충족하는 것을 목표로 하며, 동시에 시설이 산업 표준 및 규제 요구 사항을 충족하도록 보장합니다.
urban-gro (Nasdaq:UGRO) a lancé une nouvelle Division de Traitement et d'Extraction pour élargir ses offres dans le secteur du cannabis. La division se concentre sur les opérations post-récolte, fournissant des services de conception, d'ingénierie et de construction intégrés pour des espaces d'extraction, y compris des environnements dangereux C1D1/C1D2 et des salles sèches. L'entreprise a embauché un Directeur du Développement Commercial avec huit ans d'expérience dans la construction et le post-traitement pour diriger la division. Cette expansion vise à répondre à la demande croissante des clients pour des services avancés post-récolte et des équipements de traitement de haute qualité, tout en veillant à ce que les installations respectent les normes de l'industrie et les exigences réglementaires.
urban-gro (Nasdaq:UGRO) hat eine neue Abteilung für Verarbeitung und Extraktion ins Leben gerufen, um sein Angebot im Cannabissektor zu erweitern. Die Abteilung konzentriert sich auf Nachernteoperationen und bietet integrierte Design-, Ingenieur- und Bauleistungen für Extraktionsräume, einschließlich C1D1/C1D2-gefährlicher Umgebungen und Trockenräume. Das Unternehmen hat einen Geschäftsentwicklungsdirektor mit acht Jahren Erfahrung in Bau und Nachbearbeitung eingestellt, um die Abteilung zu leiten. Diese Expansion zielt darauf ab, die wachsende Nachfrage der Kunden nach fortschrittlichen Nachernte-Dienstleistungen und hochwertigen Verarbeitungseinrichtungen zu erfüllen und gleichzeitig sicherzustellen, dass die Einrichtungen den Branchenstandards und regulatorischen Anforderungen entsprechen.
- Strategic expansion into post-harvest cannabis processing services, diversifying revenue streams
- Integration of design, engineering, and construction services with equipment provisioning creates comprehensive solution
- Hired experienced Business Development Director with 8 years of relevant expertise
- None.
Insights
The launch of urban-gro's Processing and Extraction Division represents a strategic expansion into a high-value segment of the cannabis industry. The move addresses important post-harvest operations, which typically generate higher margins compared to cultivation. By integrating design, engineering and construction services with equipment provisioning, urban-gro is positioning itself as a one-stop solution provider in the cannabis facility space.
The timing is strategic as the cannabis processing market faces increasing regulatory scrutiny and safety requirements. The focus on C1D1/C1D2 hazardous environments and compliance with fire codes demonstrates a sophisticated understanding of market needs. However, with a market cap of just
LAFAYETTE, CO / ACCESSWIRE / November 26, 2024 / urban-gro, Inc. (Nasdaq:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to the Controlled Environment Agriculture ("CEA") and commercial sectors, today announced the launch of its new Processing and Extraction Division. Further expanding urban-gro's sector offering, this strategic expansion driven by client demand, delivers cutting-edge solutions designed to optimize cannabis facilities for post-harvest operations.
The Processing and Extraction Division addresses the growing need for advanced post-harvest services and access to high-quality processing equipment. By seamlessly integrating design, engineering, and construction services with equipment provisioning, this division will ensure that facilities meet the highest industry standards and regulatory requirements. Through urban-gro's engineering and architectural services, it designs and builds rated extraction spaces, C1D1/C1D2 hazardous environments, dry rooms, and post-processing areas, with an emphasis on the mechanical and HVAC systems that are critical for facility safety and compliance. urban-gro's construction services ensure that all lab build-outs comply with fire codes and other cannabis-specific regulations, providing both safety and regulatory adherence for high-stakes extraction and post-processing operations.
To spearhead the new division, urban-gro has hired a Business Development Director with over eight years of experience in construction and post-processing, specializing in C1D1/C1D2 and solventless extraction facilities. This strategic addition underscores urban-gro's commitment to serving as a comprehensive partner and delivering exceptional value to clients within the cannabis sector.
urban-gro will be showcasing its enhanced service portfolio at MJBizCon 2024 in Las Vegas from December 4-6. Attendees are invited to visit Booth 38014 to learn more about how urban-gro's integrated approach can design, build, and optimize state-of-the-art cannabis facilities. To schedule a meeting with one of urban-gro's business development executives or sales engineers, please reach out to urban-gro at marketing@urban-gro.com.
About urban-gro, Inc.
urban-gro, Inc.® (Nasdaq:UGRO) is an integrated professional services and Design-Build firm. We offer value-added architectural, engineering, and construction management solutions to the Controlled Environment Agriculture ("CEA"), industrial, healthcare, and other commercial sectors. Innovation, collaboration, and creativity drive our team to provide exceptional customer experiences. With offices across North America and in Europe, we deliver Your Vision - Built. Learn more by visiting www.urban-gro.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this release, terms such as "believes," "will," "expects," "anticipates," "may," "projects" and similar expressions and variations as they relate to the Company or its management are intended to identify forward-looking statements. The forward-looking statements in this press release include, without limitation, the Company's ability to integrate its existing business with its new processing and extraction division, the ability of the Company's solutions to ensure safety and regulatory compliance, and the value realized by the Company's clients as a result of its products and services. These and other forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including, among others, the Company's ability to successfully manage and integrate acquisitions, its ability to accurately forecast revenues and costs, competition for projects in the Company's markets, the Company's ability to predict and respond to new laws and governmental regulatory actions, including delays granting licenses to clients or potential clients and delays in passage of legislation expected to benefit the Company's clients or potential clients, our ability to successfully develop new and/or enhancements to the Company's product offerings and develop a product mix to meet demand, risks related to adverse weather conditions, supply chain issues, rising interest rates, economic downturn or other factors that could cause delays or the cancellation of projects in the Company's backlog or our ability to secure future projects, the Company's ability to maintain favorable relationships with suppliers, risks associated with reliance on key customers and suppliers, the Company's ability to attract and retain key personnel, results of litigation and other claims and insurance coverage issues, risks related to the Company's information technology systems and infrastructure, risks associated with climate change and ESG matters, the Company's ability to maintain effective internal controls, the Company's ability to execute on our strategic plans, the Company's ability to achieve and maintain cost savings, the sufficiency of the Company's liquidity and capital resources, and the Company's ability to achieve our key initiatives for 2024, particularly the Company's growth initiatives. A more detailed description of these and certain other factors that could affect actual results is included in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date hereof, except as may be required by law.
Investor Contact:
Jeff Sonnek - ICR, Inc.
(720) 730-8160
investors@urban-gro.com
Media Contact:
Barbara Graham - urban-gro, Inc.
(720) 903-1139
media@urban-gro.com
SOURCE: urban-gro, Inc.
View the original press release on accesswire.com
FAQ
What is urban-gro's new Processing and Extraction Division offering for cannabis facilities?
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