urban-gro (NASDAQ: UGRO) Investor Dashboard
| ➔ urban-gro | |||||
|---|---|---|---|---|---|
| NASDAQ Ticker: | UGRO | ||||
| Market Focus: | United States |
| Classification: | Ancillary |
| Country: | United States |
| Employees: | 80 as of 8/2021 |
| Established: | 2014 |
| CEO: | Bradley Nattrass |
Summary
| Fiscal Year-End: | December, 31st |
| Auditor: | BF Borgers CPA PC |
| Exchanges: | NASDAQ |
| Sector: | Horticulture |
| Headquarters: | Lafayette, CO |
Financials (09/30/21)
| Cash on hand: | $40.5 million |
| Fixed Investment: | $0.2 million |
| Shareholders’ Equity: | $48.8 million |
| Revenues – Last Quarter: | $16.5 million |
| Gross Margin : | 23.3% |
| EPS : | $0.00 |
Capital Structure (11/05/21)
| Last Financing: | 6.2 million shares at $10 |
| Shares: | 10.8 million |
| Warrants: | 0.4 million |
| Options: | 0.7 million |
| Diluted Shares: | 11.9 million |
Company Brief
Located in the U.S. and operating globally, urban-gro, Inc. (Follow Company) is a leading engineering design and services company focused on supporting commercial cannabis cultivators as well as the broader horticulture market such as specialty crops, including leafy greens, vegetables, herbs, and plant-based medicines. With the acquisition of MJ12 Design Studio, urban-gro added early-stage conceptual design and planning to its service offerings and became a fully integrated architecture, engineering and cultivation systems company.
High-performance cannabis cultivation facilities powered by urban-gro
The company has engineered and designed nearly 500 controlled environment agriculture facilities, spanning over five million square feet, servicing many multi-state operators (MSOs) as well as Canadian operators who require GMP certification to ensure they can export to the EU. This high level of expertise allows the urban-gro to properly design state-of-the-art pharmaceutical level facilities.
Highlights
- Uplisted to the NASDAQ
- Early mover in the North America market
- Revenue growth in 2020 despite Covid-19 Impact
- Entered 2021 with a backlog exceeding $14 million
- Leading engineering and design services company focused on sustainable commercial indoor horticulture market
- Offers CAPEX financing solutions to clients through a partnership with XS Financial
Growth Strategy
- Unstoppable demand for sustainable controlled-environment agriculture (CEA) facilities
- Expanding into Europe, the Middle East and other high-value markets
- Growing sales infrastructure to access new territories
- Growth through acquisitions
- Expanding into more segments
- Exclusive agreement with Urban Health Farms for CEA food/produce in Europe; Urban Health Farms has plans to commission up to 20 industrial farms
Differentiators
- Experts in controlled environment agriculture
- Designed 450+ indoor CEA projects with the highest value agriculture crop in the world
- Company’s acquired experience is #1 asset
- Seeking investment in the CEA market to drive lead generation and in AgTech companies to gain access to innovative technologies
- gro-care Managed Services offers virtual training, remote monitoring, facility auditing and more
Institutional Analyst Coverage
Ashok Kumar, phD, CFA
Think Equity
Curated Stories & News
Visit urban-gro
at www.urban-gro.com.
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