Is This Why The urban-gro (UGRO) Stock Rose In Recent Trading?

After delivering a business update and current outlook, urban-gro Inc. (NASDAQ: UGRO) is soaring on the charts today, up 19.71% to trade at $4.07 at the last check. The UGRO stock price ended the most recent trading day at $3.40.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


What update has UGRO provided?

Today, urban-gro (UGRO) updated investors on the performance of its design-build division and reaffirmed its forecast for the third quarter of 2022.

  • Urban-gro launched its full turnkey design-build solution following the acquisition of Emerald Construction Management in the second quarter.
  • Under this solution, the company acts as a single point of contact for the management of architecture, engineering, cultivation design, construction, and equipment procurement and integration.
  • Design-build solutions are offered for growing facilities, retail dispensaries, and numerous building types in the industrial and healthcare sectors by IGRO’s top in-house professional services team.
  • These additional design-build contracts, which total more than $50 million in projects signed in the third quarter, come from a variety of clients, including top international CPG companies and cannabis CEA clients.
  • A design-build contract is distinct from any orders for related professional services or equipment systems and is normally acknowledged over a period of 6 to 24 months.
  • These new contracts show actual value for the firm and its clients, as client interest and involvement in urban-turnkey gro’s design-build capabilities have progressed as anticipated.
  • In order to position itself for long-term, consistent, and sustainable global growth, urban-gro reaffirmed its third-quarter guidance.

UGRO’s financing move:

Recently, urban-gro (UGRO) participated in a funding scheme. XS Financial Inc. declared the receipt of its $10 million delayed draw. A specialty finance firm called XS Financial offers cannabis businesses in the US equipment and CAPEX financing options. Unsecured convertible notes financing totaled $43.5 million in principle, of which $33.5 million was funded at close on November 1, 2021. Along with other strategic partners including Landrace Financial, Bengal Capital, and KEY Investment Partners, UGRO was one of the well-known institutional investors.


Please enter your comment!
Please enter your name here