Urban-Gro, Inc. Announces Sale Of Investment For Proceeds Of $2.3M
Portfolio Pulse from Happy Mohamed
Urban-gro, Inc. (NASDAQ:UGRO) has sold its investment in a private placement convertible note with XS Financial Inc for $2.3 million, a 10% discount to the book value. The cash payment is in addition to the $0.3 million of interest earned since the original $2.5 million investment in Q4 2021.
August 31, 2023 | 1:22 pm
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Urban-gro, Inc. has sold its investment in XS Financial Inc, receiving $2.3 million.
The sale of the investment will provide Urban-gro with additional liquidity, but it's unclear how this will impact the company's stock price in the short term.
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