Urban-Gro Inc.
Urban-GRO Announces Amendment to Loan Agreement with Gemini Finance
Summary
On March 18, 2025, Urban-GRO, Inc. announced that its subsidiary, UG Construction, entered into an amendment to its interest-only asset-based revolving loan agreement with Gemini Finance Corp. The amendment waives certain events of default, extends the term to January 1, 2026, and requires monthly reporting of accounts receivable. As part of the amendment, Urban-GRO issued 150,000 shares of its common stock as an amendment fee, which was not registered under the Securities Act.
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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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