urban-gro, Inc. Secures Design-Build Contract Valued at Approximately $20 Million

January 2, 2024

https://www.globenewswire.com/news-release/2024/01/02/2802663/0/en/urban-gro-Inc-Secures-Design-Build-Contract-Valued-at-Approximately-20-Million.html

LAFAYETTE, Colo., Jan. 02, 2024 (GLOBE NEWSWIRE) — urban-gro, Inc. (Nasdaq:UGRO) (“urban-gro” or the “Company”), an integrated professional services consulting firm, today announced that it has secured a design-build contract with an existing vertically integrated U.S.-based multi-state Cannabis cultivation and retail dispensary operator. The contract is for the design and construction of both a new cultivation facility and the interior retrofit of an existing facility. The contract is valued at approximately $20 million and it is anticipated that revenue will be recognized over the next six quarters.

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