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WebsiteIntroduction
URBAN GRO INC (NASDAQ: UGRO) is an integrated professional services and design-build firm specializing in Controlled Environment Agriculture (CEA), industrial, healthcare, and commercial sectors. The company offers architectural, engineering, construction management, and equipment integration solutions that span project programming through post-occupancy support.
Corporate Structure
Founded in 2014 and headquartered in Lafayette, Colorado, URBAN GRO employs between 51 and 200 staff, with over 150 in-house professionals across architecture, engineering, horticulture, construction management, and plant science. The leadership team includes:
- Bradley Nattrass, MBA – Chief Executive Officer
- Dick Akright, MBA – Chief Financial Officer
- Christian Monson – Executive Vice President & General Counsel
- Chris Cullens – Executive Vice President, Construction Services
Controlled Environment Agriculture by M abnodey
Developments and News
In June 2025, URBAN GRO announced a $24 million design-build contract with a Midwest multi-state cannabis operator for a vertically integrated cultivation facility, scheduled for completion by year-end. Concurrently, the firm secured a $6 million LED lighting equipment agreement with a North American cannabis cultivator.
Additional engagements include multi-state design-build work for Fogo de Chão restaurants, a $4 million healthcare facility design contract in the southeastern U.S., and a $1.2 million architectural services agreement with the Muscogee County School District in Georgia.
SEC filings reflect these developments:
- 8-K filed on September 30, 2025, disclosing entry into a material definitive agreement.
- 10-Q filed on October 3, 2025, presenting quarterly financials and operational commentary.
- 8-K filed on October 9, 2025, detailing subsequent business events and exhibits.
Nasdaq has granted URBAN GRO until October 2025 to regain full compliance following historical filing delays and restated earnings related to tax accounting adjustments.
Financial and Strategic Analysis
As of October 14, 2025, URBAN GRO shares closed at $0.4988, reflecting a price change of 34.05%, with a trading volume of 16,410,691. The company’s revenue mix derives from CEA consulting, architecture, engineering, and construction management services. Contract awards in June 2025 represent over $30 million in projected fees through 2025, indicating the firm’s focus on facility solutions and sustainable technologies.
In May 2025, URBAN GRO divested its investment in XS Financial Inc., which is aligned with a strategy to focus on core operations and improve balance sheet flexibility.
Market Position and Industry Context
Operating at the intersection of cannabis cultivation technology and broader CEA markets, URBAN GRO competes with specialized engineering consultancies and larger construction firms. Its design-build model—spanning initial concept development, engineering, construction, and maintenance support—distinguishes it among competitors. Expansion into restaurant, healthcare, and educational projects reflects cross-sector capabilities amid increasing demand for controlled environment solutions.
tl;dr
On October 14, 2025, URBAN GRO closed at $0.4988 (+34.05%) on 16.4 million shares traded. In June 2025, it secured a $24 million cannabis facility build and a $6 million LED lighting project. Additional contracts total over $5 million for restaurant, healthcare, and educational facilities. Key SEC filings occurred on September 30, October 3, and October 9, 2025. Nasdaq compliance deadline is October 2025.
