Industrials › Wholesale-Machinery, Equipment & Supplies
UGRO Stock Price Correlated With Urban-Gro Financials
External Links ⌄
Income Statement
Cash Flow
Balance Sheet
UGRO Income Statement
Enable JavaScript and reload
Revenue, Net:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
UGRO Cash Flow
Enable JavaScript and reload
Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:
UGRO Balance Sheet
Enable JavaScript and reload
Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:
COMPANY PROFILE
NOTE
1 – ORGANIZATION AND ACQUISITIONS, BUSINESS PLAN, AND LIQUIDITY
Organization
urban-gro,
Inc. (“our,” the “Company,” or “urban-gro”) is a fully integrated architectural design, engineering, procurement,
and construction management (“E.P.C.”) design-build firm specializing in the indoor controlled environment
agriculture (“CEA”) industry. To serve our horticulture clients, we engineer and design indoor CEA facilities
and then integrate complex environmental equipment systems into those facilities. Through this work, we create high-performance
indoor cultivation facilities for our clients to grow specialty crops, including leafy greens, vegetables, herbs, and plant-based
medicines. Our custom-tailored approach to design, procurement, and equipment integration provides a single point of accountability
across all aspects of indoor growing operations. We also help our clients achieve operational efficiency and economic advantages
through a full spectrum of professional services and programs focused on facility optimization and environmental health which
establish facilities that allow clients to manage, operate and perform at the highest level throughout their entire cultivation
lifecycle once they are up and running. We also serve a broad range of commercial and governmental entities, providing them with
planning, consulting, architectural and engineering design services for their facilities. We aim to work with our clients from
inception of their project in a way that provides value throughout the life of their facility. We are a trusted partner and advisor
to our clients and offer a complete set of engineering and managed services complemented by a vetted suite of select cultivation
equipment systems.
Acquisitions
On
June 28, 2021, the Company’s wholly-owned subsidiary, urban-gro Architect Holdings, LLC (the “Buyer”), and the
2WRCO Shareholders, the 2WRGA Shareholders, the MJ12 Shareholders, and the 2WRMS Shareholders (collectively, the “Sellers”), and Sam Andras, an individual (the “Sellers Representative”) entered into a Stock Purchase
Agreement (the “Purchase Agreement”), pursuant to which the Buyer would purchase all of the issued and outstanding capital
stock of 2WR of Colorado, Inc., a Colorado corporation (“2WRCO”), 2WR of Georgia, Inc., a Georgia corporation (“2WRGA”),
MJ12 Design Studio, Inc., a Colorado corporation (“MJ12”) (collectively, the “Purchased Shares”) from the Sellers.
In connection with the acquisition of the Purchased Shares, Buyer entered into an affiliate relationship with 2WR of Mississippi, P.C.,
a Mississippi professional corporation (“2WRMS” and together with 2WRCO, 2WRGA and MJ12, the “2WR Entities”).
The transaction closed on July 30, 2021.
The
Purchased Shares had an initial purchase price of up to $ 7.1
million, which purchase price was subject
to customary working capital adjustments (the “Purchase Price”). At closing, the Purchase Price was paid in the form of wire
transfer of immediately available funds and the issuance of unregistered shares (the “Closing Payment Shares”) of the
Company’s common stock, par value $ 0.001 ,
which Closing Payment Shares had an aggregate stated
value of $ 2.0
million. Additionally, the Purchase Agreement
provides for additional earnout payments (“Earnout Payments”) to the Sellers of up to an aggregate amount of $ 2.0
million, payable in cash or unregistered shares
of the Company’s Common Stock in the Buyer’s sole discretion. The
Earnout Payments are payable quarterly for a two-year period and will be equal to twenty percent of the 2WR Entities’ Quarterly
Gross Profit (as defined in the Purchase Agreement). The
value of the shares of the Company’s Common Stock issued in the transaction was determined based upon the daily volume weighted
average closing price of the Company’s Common Stock in the ten trading days prior to the issuance of such shares. The Company
accounted for the acquisition of the 2WR Entities as follows:
SCHEDULE OF INITIAL ACQUISITION O
1 – ORGANIZATION AND ACQUISITIONS, BUSINESS PLAN, AND LIQUIDITY
Organization
urban-gro,
Inc. (“our,” the “Company,” or “urban-gro”) is a fully integrated architectural design, engineering, procurement,
and construction management (“E.P.C.”) design-build firm specializing in the indoor controlled environment
agriculture (“CEA”) industry. To serve our horticulture clients, we engineer and design indoor CEA facilities
and then integrate complex environmental equipment systems into those facilities. Through this work, we create high-performance
indoor cultivation facilities for our clients to grow specialty crops, including leafy greens, vegetables, herbs, and plant-based
medicines. Our custom-tailored approach to design, procurement, and equipment integration provides a single point of accountability
across all aspects of indoor growing operations. We also help our clients achieve operational efficiency and economic advantages
through a full spectrum of professional services and programs focused on facility optimization and environmental health which
establish facilities that allow clients to manage, operate and perform at the highest level throughout their entire cultivation
lifecycle once they are up and running. We also serve a broad range of commercial and governmental entities, providing them with
planning, consulting, architectural and engineering design services for their facilities. We aim to work with our clients from
inception of their project in a way that provides value throughout the life of their facility. We are a trusted partner and advisor
to our clients and offer a complete set of engineering and managed services complemented by a vetted suite of select cultivation
equipment systems.
Acquisitions
On
June 28, 2021, the Company’s wholly-owned subsidiary, urban-gro Architect Holdings, LLC (the “Buyer”), and the
2WRCO Shareholders, the 2WRGA Shareholders, the MJ12 Shareholders, and the 2WRMS Shareholders (collectively, the “Sellers”), and Sam Andras, an individual (the “Sellers Representative”) entered into a Stock Purchase
Agreement (the “Purchase Agreement”), pursuant to which the Buyer would purchase all of the issued and outstanding capital
stock of 2WR of Colorado, Inc., a Colorado corporation (“2WRCO”), 2WR of Georgia, Inc., a Georgia corporation (“2WRGA”),
MJ12 Design Studio, Inc., a Colorado corporation (“MJ12”) (collectively, the “Purchased Shares”) from the Sellers.
In connection with the acquisition of the Purchased Shares, Buyer entered into an affiliate relationship with 2WR of Mississippi, P.C.,
a Mississippi professional corporation (“2WRMS” and together with 2WRCO, 2WRGA and MJ12, the “2WR Entities”).
The transaction closed on July 30, 2021.
The
Purchased Shares had an initial purchase price of up to $ 7.1
million, which purchase price was subject
to customary working capital adjustments (the “Purchase Price”). At closing, the Purchase Price was paid in the form of wire
transfer of immediately available funds and the issuance of unregistered shares (the “Closing Payment Shares”) of the
Company’s common stock, par value $ 0.001 ,
which Closing Payment Shares had an aggregate stated
value of $ 2.0
million. Additionally, the Purchase Agreement
provides for additional earnout payments (“Earnout Payments”) to the Sellers of up to an aggregate amount of $ 2.0
million, payable in cash or unregistered shares
of the Company’s Common Stock in the Buyer’s sole discretion. The
Earnout Payments are payable quarterly for a two-year period and will be equal to twenty percent of the 2WR Entities’ Quarterly
Gross Profit (as defined in the Purchase Agreement). The
value of the shares of the Company’s Common Stock issued in the transaction was determined based upon the daily volume weighted
average closing price of the Company’s Common Stock in the ten trading days prior to the issuance of such shares. The Company
accounted for the acquisition of the 2WR Entities as follows:
SCHEDULE OF INITIAL ACQUISITION O
Free historical financial statements for Urban-Gro Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 21 quarters since 2019. Compare with UGRO stock chart to see long term trends.
Data imported from Urban-Gro Inc. SEC filings. Check original filings before making any investment decision.