urban-gro, Inc. Reports Record First Quarter 2021 Financial Results

 FOR IMMEDIATE RELEASE

    • Record revenues in Q1 2021 of $12.0 million compared to revenues of $4.2 million during the three months ended March 31, 2020, an increase of $7.8 million, or 182%.
    • Record Adjusted EBITDA of $0.5 million, an improvement of $1.4 million from negative ($0.9) million in Q1 2020.
    • Record Backlog of $15.2 million as of March 31, 2021, an increase of $0.6 million from $14.6 million on December 31, 2020.
    • Company to host conference call and audio webcast today, Tuesday, May 11th at 5:00 PM ET.

    Lafayette, Colo. (May 11, 2021)urban-gro, Inc. (Nasdaq: UGRO) (“urban-gro” or the “Company”), a leading global horticulture company that engineers and designs commercial Controlled Environment Agriculture (“CEA”) facilities and integrates complex environmental equipment systems, today reported its financial results for its first quarter ended March 31, 2021.

    Read the full announcement on the urban-gro blog.