Urban-Gro Inc.
Urban-Gro Settles Lawsuit with Payment and Warrant Issuance
Summary
On January 31, 2025, Urban-Gro, Inc. settled a lawsuit filed by Robert Pullar on May 5, 2022. The settlement includes a cash payment to Pullar and the issuance of a warrant to purchase up to 75,000 shares of common stock at an exercise price of $1.00 per share. The settlement resolves all claims related to the prior settlement agreement, without any admission of liability or wrongdoing by Urban-Gro. Following the settlement, the parties will move to dismiss the litigation with prejudice. Urban-Gro also disclosed an unregistered sale of equity securities in reliance on Section 4(a)(2) of the Securities Act of 1933 and Rule 506(b) of Regulation D.
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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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