Urban-Gro Inc.
urban-gro, Inc. Faces Nasdaq Delisting Over Delayed 10-K Filing
Summary
On April 16, 2025, urban-gro, Inc. (UGRO) received a notice from Nasdaq indicating non-compliance with Listing Rule 5250(c)(1) due to the delayed filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The delay was caused by restatements of prior financial statements due to inadvertent accounting errors related to deferred tax liabilities. Urban-gro intends to file the Form 10-K and submit a compliance plan to Nasdaq, which has until June 16, 2025, to respond. Nasdaq may grant an extension of up to 180 days if the plan is accepted. The Company issued a press release on April 18, 2025, disclosing the Nasdaq notice.
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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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