Business
urban-gro, Inc. Signs $24 Million Construction Contract With Leading Midwest MSO
LAFAYETTE, COLORADO / ACCESS Newswire / February 6, 2025 / 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, COLORADO / ACCESS Newswire / February 6, 2025 / 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 signing of the construction phase of a significant Design-Build contract with a leading Midwest-based Multi-State Operator (\"MSO\") to build their state-of-the-art vertically integrated cannabis facility.Valued at close to $24 million, this contract milestone follows the successful completion of the facility design and preconstruction phases. The Company anticipates recognizing the project's revenue this calendar year.\"We are excited to deepen our partnership with this client through the execution of the next phase of our Design-Build contract. Our collaboration with this MSO highlights our strategic focus and extensive industry expertise, where the demand for innovative and efficient facilities is paramount,\" said Bradley Nattrass, Chairman and CEO of urban-gro.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 StatementThis 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 expected magnitude and timing of revenue to be recognized from the Design-Build project described herein, demand for design-build services in the cannabis industry, and future collaborations with the ...