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urban-gro, Inc. (UGRO)

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UGRO




https://urban-gro.com/

https://www.otcmarkets.com/stock/UGRO/profile

DESCRIPTION
urban-gro, Inc. is a leading engineering, design, and product solutions company that creates high performance cannabis cultivation facilities around the world. Our highly tailored, plant-centric approach to the design, procurement, and integration of complex equipment systems provides a single point of accountability throughout the project lifecycle. urban-gro ensures operational efficiency and economic advantage for commercial cultivators through a full spectrum of professional services focused on facility optimization, and compliant integrated pest management programs promoting environmental health. In every engagement, our unwavering focus is on solutions that ensure success.

What We Do
https://ir.urban-gro.com/what-we-do/


Cultivation Systems Design & Integration

High-Performance Cultivation Facilities

Facility Design Services

    • Specifications & Space
      Cultivation Systems Design
      MEP Design & Engineering
      Turn-key Solutions

  • Equipment & Systems Integration
    Commissioning & Start-up

Environmental Sciences

Reliable Solutions for Environmental & Plant Health

Integrated Pest Management Annual Program

    • Monthly / Quarterly Audits & Training
      Program Tracking
      Full SOP IPM Program
      Soleil®  Sense & Soleil® 360

  • Microbial & Odor Control
    Biologicals & Pesticides
     

NEWS
https://www.otcmarkets.com/stock/UGRO/news

OTC DISCLOSURE & NEWS SERVICE
urban-gro, Inc. Announces US$6 Million Debt Financing Package
Press Release | 02/21/2020
 

LAFAYETTE, Colo., Feb. 21, 2020 (GLOBE NEWSWIRE) -- urban-gro, Inc. (OTCQX: UGRO) (“urban-gro” or the “Company”), a leading engineering design services company that integrates complex equipment systems into high-performance indoor cannabis cultivation facilities around the world, is pleased to announce today that it has executed a definitive loan agreement for the provision of a credit facility in the aggregate principal amount of US$6 million (the “Credit Facility”) with an institutional lender (the “Lender”). The Credit Facility, which is comprised of a US$2 million senior secured demand term loan and a US$4 million secured demand revolving loan, is expected to close on or about February 25, 2020 and remains subject to customary closing conditions.

Proceeds from the Credit Facility will be used to refinance existing indebtedness and for general working capital purposes.

“Despite difficult capital market conditions, we continue to see an acceleration in demand for our services across North America and Europe. We believe the completion of this financing will provide us with the resources needed to service our anticipated growth,” said Bradley Nattrass, CEO and Chairman of urban-gro.

“This financing is expected to significantly strengthen the Company’s balance sheet and lower its cost of capital, realigning the Company on a path to positive cash flow. This is urban-gro’s number one priority,” said Dick Akright, Chief Financial Officer of urban-gro.

Separately, the Company has extended its existing US$1 million note with James Lowe, a director of the Company.

INFOR Financial Inc. acted as the exclusive financial advisor to the Company in connection with the financing.

About urban-gro, Inc.

urban-gro, Inc. (OTCQX: UGRO) is a leading engineering design services company that integrates complex equipment systems into high performance indoor cannabis cultivation facilities around the world. Our highly tailored, plant-centric approach to design, procurement, and systems integration provides a single point of accountability throughout the project lifecycle. urban-gro further ensures operational efficiency and economic advantage for commercial cultivators through a full spectrum of professional services and product solutions focused on facility optimization and promoting environmental health. In every engagement, our unwavering focus is on solutions that ensure success. Visit www.urban-gro.com to learn more. Follow urban-gro on InstagramFacebookTwitter and LinkedIn.

COMPANY OFFICERS & CONTACTS

Bradley John Nattrass
CEO
 
Richard A. Akright
CFO
 
Daniel Benjamin Jacob Droller
EVP, Corp. Dev.
 
Stan Wagner
VP, Mkt.
 
Larry C. Dodson
CTO
 
Victoria Bantz
Advisor
 
Adam Gutenplan
Controller

COMPANY DIRECTORS
Bradley John Nattrass
Chairman, CEO
 
James H Dennedy
Independent Director, Audit Committee Member, Compensation Committee Member
 
Lance Galey
Independent Director, Nominating Committee Member
 
Octavio Gutierrez
 
 
James Lowe
Independent Director, Nominating Committee Member
 
Lewis Wilks
Independent Director, Audit Committee Member, Compensation Committee Member
 
SERVICE PROVIDERS
Accounting/Auditing Firm
BF Borgers CPA PC

5400 West Cedar Avenue

Lakewood, CO 80226

Investor Relations
KCSA Strategic Communications

420 Fifth Avenue

3rd Floor

New York, NY 10018

Securities Counsel
Andrew I Telsey, Esq.

12835 E. Arapahoe Road, Tower One,

Suite 803

Englewood, CO 80112-55427

Securities Counsel
Burns, Figa & Will, P.C.OTCQX Sponsor

6400 S. Fiddler's Green Circle

Suite 1000

Greenwood Village, CO 80111

 
CONTACT DETAILS

1751 Panorama Point

Unit G

Lafayette, CO 80026

 

Share Structure

Market Cap Market Cap
30,886,868
02/21/2020
Authorized Shares
200,000,000
02/21/2020
Outstanding Shares
26,858,146
02/21/2020
Restricted
Not Available
 
Unrestricted
Not Available
 
Held at DTC
Not Available
 
Float
2,672,209
10/04/2019
Par Value
No Par Value
UGRO
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
UGRO News: Current Report Filing (8-k) 01/30/2020 06:02:38 AM
UGRO News: Current Report Filing (8-k) 01/22/2020 01:32:35 PM
UGRO News: Amended Annual Report (10-k/a) 01/21/2020 06:05:11 AM
UGRO News: Current Report Filing (8-k) 12/16/2019 08:16:25 AM
UGRO News: Current Report Filing (8-k) 12/05/2019 06:03:02 AM
PostSubject
#3   Great ibox. Where's the charts and all the AMG 03/09/20 06:51:13 PM
#2   urban-gro, Inc. Announces Closing of US$6 Million Debt F cash4 02/28/20 09:57:27 PM
#1   Welcome to urban-gro Inc. cash4 02/24/20 09:36:11 PM
PostSubject