UGRO - Ancillary Cannabis Business Ramps Up Market Presence With $3M In Marijuana Contracts | Benzinga
Urban-gro, Inc. (NASDAQ: UGRO) announced Wednesday that it has signed over $3 million of contracts spread across four clients in the cannabis sector.
The contracts include architecture and design, engineering and equipment integration services for clients in the Northeast and Midwest U.S. as well as Western Europe.
The Lafayette, Colorado-based company anticipates that the revenue for these projects will be predominantly recognized over the next three quarters.
"We're pleased to see positive developments with our cannabis sector initiatives, and moreover, continuing to the next project stage with two existing clients that had paused their projects ...