Urban-Gro Inc.
Urban-Gro, Inc. Settles Loan Default with Stock Issuance
Summary
Urban-Gro, Inc. and its subsidiary UG Construction, Inc. entered into a settlement agreement with Gemini Finance Corp. to resolve a default on a loan agreement. The settlement involves the issuance of Urban-Gro, Inc.'s common stock to Gemini Finance Corp. in exchange for the satisfaction of the claim and dismissal of the related lawsuit. The issuance will comply with Section 3(a)(10) of the Securities Act, exempting it from registration requirements.
Profitelligence Alerts
Get alerts for UGRO
Be first to know when Urban-Gro Inc. files with the SEC.
Filing Categories
Advertisement
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.
Official SEC Documents
Advertisement