urban-gro, Inc. Secures Multiple Contracts Totaling More than $4.5 Million in the Industrial and Higher Education Sectors
October 04 2023 - 7:30AM
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 in this
press release include, without limitation, future events, business
strategy, future performance, prospects, plans and objectives of
management. 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, our ability to successfully manage and integrate
acquisitions, our ability to accurately forecast revenues and
costs, competition for projects in our markets, our ability to
predict and respond to new laws and governmental regulatory
actions, our ability to successfully develop new and/or
enhancements to our 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
our backlog or our ability to secure future projects, our ability
to maintain favorable relationships with suppliers, risks
associated with reliance on key customers and suppliers, our
ability to attract and retain key personnel, results of litigation
and other claims and insurance coverage issues, risks related to
our information technology systems and infrastructure, our ability
to maintain effective internal controls, our ability to execute on
our strategic plans, our ability to achieve and maintain cost
savings, the sufficiency of our liquidity and capital resources,
and our ability to achieve our key initiatives for 2023,
particularly our 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 Contacts:
Dan Droller – urban-gro, Inc.-or-Jeff Sonnek –
ICR, Inc.(720) 730-8160investors@urban-gro.com
Media Contact:
Briana Chester – MATTIO Communications (424)
465-4419urbangro@mattio.com
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