Urban-Gro Inc.
Urban-Gro, Inc. Faces Legal Action Leading to Loan Acceleration
Summary
Urban-Gro, Inc. has been served with a lawsuit by Grow Hill, LLC, alleging breach of contract and fraud. As a result, the lender has accelerated all amounts due under the promissory note, including a default fee. The company is investigating resolution options and intends to defend against the allegations.
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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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