Urban-Gro Inc.
urban-gro, Inc. Receives Nasdaq Non-Compliance Notification
Summary
urban-gro, Inc. received a notice from Nasdaq stating that the Company failed to file its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024, and thus remains non-compliant with Nasdaq Listing Rule 5250(c)(1). This resulted from accounting errors in previously issued financial statements. The Company submitted a plan to regain compliance and has until January 31, 2025, to file all delinquent filings. Nasdaq has notified the Company that failure to comply by this date could lead to delisting of its common stock, with an opportunity for the Company to appeal the delisting determination.
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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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