Urban-Gro Inc.
Urban-Gro, Inc. Stockholders Approve Incentive Plan Amendment and Re-elect Directors
Summary
At the Annual Meeting of Stockholders on June 19, 2024, Urban-Gro, Inc.'s stockholders approved several proposals, including the amendment to the 2021 Omnibus Stock Incentive Plan which increased the number of shares authorized for issuance by 1,200,000. All incumbent directors were re-elected, and the compensation of named executive officers was approved on a non-binding advisory basis. The frequency of future advisory votes on executive compensation was set to occur annually.
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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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