urban-gro has signed multiple new contracts with more than fifteen clients in the cannabis sector, with aggregate expected contract revenue of approximately $12 million. The contracted scopes of work include equipment procurement as well as engineering, architecture, and design services for cultivation, extraction, and retail dispensary projects across the U.S. urban-gro expects the majority of revenue from these projects to be recognized by the end of the first quarter of 2025.
Bradley Nattrass, Chairman and CEO of urban-gro said: "Despite the downturn over the past couple of years, we've remained confident in the sector's long-term growth potential. Our decision to retain the entire cannabis business unit team through this period has strategically positioned us to quickly capitalize on emerging opportunities with new and existing clients."
For more information:
urban-gro
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urban-gro.com