Urban-Gro Inc.
Urban-Gro, Inc. Enters Settlement Agreement with J Brrothers LLC
Summary
On August 8, 2025, Urban-Gro, Inc. (the 'Company') entered into a Settlement and Release Agreement with J Brrothers LLC to resolve a dispute regarding heating, ventilation, and air conditioning equipment. As part of the settlement, the Company issued a promissory note for $395,556.00 and 150,000 unregistered shares of its common stock to J Brrothers LLC. The promissory note accrues simple interest at an annual rate of 12% and is to be repaid over eight months, with the first seven payments being $50,000 per month and the final payment being $64,046.95. The note also includes customary representations, warranties, events of default, and a 17% default interest rate.
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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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