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urban-gro Signs ~$12M In New Cannabis Sector Contracts In Q2, Expects The Majority Of The Revenue From These Projects To Be Recognized By The End Of Q3 2024

Author: Benzinga Newsdesk | June 26, 2024 09:10am

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 that the Company has signed multiple new contracts with more than a dozen clients in the cannabis sector, with aggregate expected contract revenue totaling approximately $12 million. The contract scopes include engineering, architecture, and design services, along with equipment procurement and construction management for cultivation and retail dispensary projects. The Company expects the majority of the revenue from these projects to be recognized by the end of the third quarter of 2024.

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