UGRO - urban-gro Inc. Signs Multiple Contracts with Clients in the Industrial Aerospace Laboratories and Hospitality Sectors for an Aggregate Value of More than $2 Million | Benzinga
LAFAYETTE, Colo., Sept. 14, 2023 (GLOBE NEWSWIRE) -- urban-gro, Inc. https://www.urban-gro.com/ (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services consulting firm, today announced that the Company signed more than $2 million of contracts spread across existing clients in target sectors including industrial, aerospace, laboratories, and hospitality. Collectively, the contracts include architecture and design, engineering, and construction management services for clients in the Midwest and Southern United States. The Company anticipates that the revenue for these projects will be predominantly recognized over the next two quarters. Additionally, and not contemplated in the aforementioned contract value, urban-gro signed a master service agreement (MSA) to provide engineering services (Mechanical, Electrical, Plumbing, and Fire Protection) for two national hotel chains in the United States.
Bradley Nattrass, Chairman and CEO, commented, "We remain focused on expanding our presence in our target sectors and these contracts demonstrate the continued execution of our diversification strategy as well as our team's technical capabilities and multi-sector expertise that are highly valued in today's marketplace."
About urban-gro, Inc.
urban-gro, Inc.® (NASDAQ:UGRO) is an integrated professional services consulting firm delivering professional services and solutions across architecture, design, engineering (MEP/FP), equipment integration, and construction management. Our multi-sector expertise encompasses a diverse set of projects across a host of industries such as Controlled Environment Agriculture ("CEA"), light industrial, healthcare, hospitality, laboratories ...