Business
urban-gro, Inc. Secures Multiple Contracts Totaling More than $4.5 Million in the Industrial and Higher Education Sectors
LAFAYETTE, Colo., Oct. 04, 2023 (GLOBE NEWSWIRE) -- urban-gro, Inc. (Nasdaq: UGRO) (“urban-gro” or the “Company”), an integrated professional services
About this update from Urban-gro, Inc.
[{"type":"text","content":"LAFAYETTE, Colo., Oct. 04, 2023 (GLOBE NEWSWIRE) -- urban-gro, Inc. (Nasdaq: UGRO) (“urban-gro” or the “Company”), an integrated professional services consulting firm, today announced that the Company signed multiple contracts representing an aggregate value of more than $4.5 million. The contracts include additional projects for an existing national US-based client within the industrial sector, as well as an awarded project with a new higher education client in the Western United States. The Company anticipates that the collective revenue for these projects will be predominantly recognized over the next two quarters. Bradley Nattrass, Chairman and CEO, commented, “As we continue expansion in multiple market sectors we're excited to strengthen an existing client partnership with additional contracts, as well as forge a new relationship after being awarded a higher education contract through a competitive RFP process. This win is a testament to our team’s focus on identifying and qualifying new opportunities to further our diversification strategy.” About urban-gro, Inc. urban-gro, Inc.® (Nasdaq: UGRO) is an integrated professional services consulting firm delivering professional services and solutions across architecture, design, engineering, equipment integration, and construction management. Our multi-sector expertise encompasses a diverse set of projects across a host of industries such as Controlled Environment Agriculture (“CEA”), light industrial, healthcare, hospitality, laboratories and more. Our dedicated and innovative team is fueled by a commitment to empower our clients by providing exceptional customer experiences throughout the project lifecycle and beyond, including post-operational support. 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,” \"forecast\" 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...