Urban-Gro Inc.
Urban-Gro Enters Agreement to Exchange Stock for Debt Reduction
Summary
On February 19, 2026, Urban-Gro, Inc. entered into an Exchange Agreement and Forbearance Agreement with Agile Capital Funding, LLC and Agile Lending, LLC. Under the Exchange Agreement, Urban-Gro issued 37,505 shares of its common stock, valued at approximately $90,762, to Agile in exchange for reducing the outstanding balance of a $1,050,000 promissory note by the same amount. The Forbearance Agreement allows Agile to forbear from exercising its rights and remedies for any default in exchange for an increase in the outstanding balance of the note to $1,380,524.
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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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