Urban-Gro Inc.
UG Construction Faces Default Notice Accelerating $1.76M Debt
Summary
On July 31, 2025, Gemini Finance Corp. issued a default notice to UG Construction, a subsidiary of Urban-Gro, Inc., for failing to submit receivables calculations and maintain sufficient eligible accounts. The default triggers the immediate repayment of the remaining $1.76 million line of credit with a 1% per week interest accruing from June 16, 2025. UG Construction and Urban-Gro are currently investigating options to settle the debt and avoid potential legal action by the lender.
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About Urban-Gro Inc.
Urban-Gro Inc. is a design, engineering, and cultivation systems integration company catering primarily to the indoor agriculture space. The company provides comprehensive solutions that include architectural design, engineering, equipment integration, and cultivation systems to indoor commercial cannabis and food cultivation facilities. Urban-Gro Inc. enhances the efficiency and success of cultivation operations by delivering integrated systems tailored to the unique needs of each client. This encompasses environmental controls, fertigation stations, light deprivation systems, and LED lighting solutions. By serving the rapidly growing indoor cultivation market, the company bridges the gap between operational needs and technological advancements, playing a vital role in enhancing resource efficiency and sustainability in agriculture. As urban farming and controlled environment agriculture become increasingly prominent, Urban-Gro plays a significant role in meeting the demands of these evolving sectors.
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