UGRO - urban-gro announces new stock repurchase program

• urban-gro ( NASDAQ: UGRO ) has approved a new stock repurchase program authorizing the repurchase of up to $2M of its common stock.
• The new repurchase program succeeds its prior $8.5M stock repurchase program that has since been completed.
• Under the new authorization, the Co. may purchase shares of the common stock from time to time in the open market at prevailing market prices, in privately negotiated transactions.
• "Our balance sheet is in a strong position with approximately $2.00 per share in net cash as of June 30, 2022, which is providing us the flexibility to put a new authorization in place and continue pursuing our diversified growth initiatives." said Bradley Nattrass, Chairman and CEO.
• UGRO shares +3.98% premarket to $3.40.

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