Urban-Gro Secures $11M Hospitality & Recreation Contract In Southeast U.S.

Urban-Gro, Inc. UGRO, a comprehensive professional services consulting firm announced its latest contract win within the hospitality and recreation sector in the Southeastern U.S.

The contract, valued at over $11 million, encompasses a range of services, including architecture, design, engineering and construction management.

“Our diversification playbook continues to drive strong growth,” said chairman and CEO of Urban-Gro Bradley Nattrass, who will be participating at the Benzinga Cannabis Capital Conference in Chicago on a panel on the topic of 'Beyond Buds: How and Why Ancillary Companies are Diversifying'. Mark your calendar for September 27-28

See Also: Ancillary Cannabis Business Ramps Up Market Presence With $3M In Marijuana Contracts

Moreover, the project “will be predominantly realized over the next six quarters,” per a press release.

"Having successfully executed and delivered on two smaller contracts with the client earlier this year, to now earning the responsibility of delivering complete turnkey design-build services, further demonstrates that our strategy is working as intended,” concluded Nattrass who will also be available for one-on-one investor meetings at the Benzinga Conference.

UGRO is a fully integrated architectural, engineering and cultivation systems company for commercial cannabis and food-focused indoor Controlled Environment Agriculture (CEA) facilities.

Price Action

UGRO shares traded 6.54% up at $1.385 per share at the time of writing on Tuesday afternoon.

Interested in learning about how to invest in cannabis stocks, consider joining us at the 17th edition of the Benzinga Cannabis Capital Conference in Chicago on Sept 27-28. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.

Read Next: Cashing In On Cannabis: Urban-gro Secures Over $2M In Deal With XS Financial, What's Next?

Image by El Planteo