Urban-Gro Inc.
urban-gro, Inc. Receives Nasdaq Notification of Non-Compliance with Listing Rule
Summary
On August 20, 2024, urban-gro, Inc. received a notice from The Nasdaq Stock Market LLC stating that the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1) for failing to file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024. The Company plans to file an amended Annual Report on Form 10-K and an amended Quarterly Report on Form 10-Q. The Company has 60 calendar days to submit a plan to regain compliance with Nasdaq Listing Rules. On August 23, 2024, the Company issued a press release disclosing the receipt of the Notice, which is attached as Exhibit 99.1.
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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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