Urban-Gro Inc.
Urban-Gro Announces Transition of CFO to Fractional Role and COO Resignation
Summary
On February 18, 2025, Urban-Gro, Inc. announced that its Chief Financial Officer, Richard Akright, will transition to a fractional CFO role with a consulting agreement that includes severance pay and vesting of restricted stock units. On the same day, the Company entered into a Severance Agreement with its Chief Operating Officer, Jason T. Archer, who resigned for personal reasons and will receive severance pay over six months. Additionally, the Company is furnishing an updated investor presentation to its investors.
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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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