urban-gro (NASDAQ: UGRO) Investor Dashboard
➔ urban-gro | |||||
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NASDAQ Ticker: | UGRO | ||||
Market Focus: | United States |
Classification: | Ancillary |
Country: | United States |
Employees: | 90 as of 1/2022 |
Established: | 2014 |
CEO: | Bradley Nattrass |
Summary
Fiscal Year-End: | December, 31st |
Auditor: | BF Borgers CPA PC |
Exchanges: | NASDAQ |
Sector: | Full-service CEA engineering, design and equipment sales |
Headquarters: | Lafayette, CO |
Financials (03/31/22)
Cash on hand: | $27.1 million |
Fixed Investment: | $0.2 million |
Shareholders’ Equity: | $44.6 million |
Revenues – Last Quarter: | $21.1 million |
Gross Margin : | 23% |
EPS : | -$0.07 |
Capital Structure (05/10/22)
Last Financing: | 6.2 million shares at $10 |
Shares: | 10.6 million |
Warrants: | 0.3 million |
Options: | 0.7 million |
Diluted Shares: | 12.1 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. The acquisition of Emerald Construction Management added construction management services to the company’s offerings.
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
- No debt and strong cash position
- Entered 2022 with a backlog exceeding $30 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
- Organic growth and growth through acquisitions
- Expanding into more segments
- Focus on vertical farming and expanding services offering capabilities
- 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 500+ 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
Eric Beder
Small Cap Consumer Research
Matt Bullock
Maxim
Eric Des Lauriers
Craig-Hallum
Curated Stories & News
Visit urban-gro
at www.urban-gro.com.
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