Urban-Gro Inc.
urban-gro, Inc. Announces Non-Binding Letter of Intent to Sell 2WR of Georgia, Inc.
Summary
On August 14, 2025, urban-gro, Inc. (NASDAQ:UGRO) announced that it has entered into a non-binding letter of intent to sell all assets of its architectural design subsidiary, 2WR of Georgia, Inc., to an affiliate of CM Capital Management. The Company received a refundable deposit of $500,000 and expects additional cash at closing and upon achieving certain earn-out milestones. The transaction is subject to definitive agreements, closing conditions, and due diligence. This move reflects urban-gro's focus on streamlining operations and aligning resources with its strategic growth priorities in the Controlled Environment Agriculture sector.
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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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