Urban-Gro Inc.
urban-gro, Inc. Granted Nasdaq Extension to Regain Compliance
Summary
On January 29, 2025, urban-gro, Inc. announced that it has received an extension from Nasdaq to regain compliance with Listing Rule 5250(c)(1) by February 18, 2025. This extension allows the company additional time to file restated financial statements and Forms 10-Q for the fiscal quarters ended June 30, 2024, and September 30, 2024. The delay in filing is due to the company's change in auditor and the comprehensive audit process related to the restatement of historical financial statements.
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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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