Ancillary Cannabis Business Ramps Up Market Presence With $3M In Marijuana Contracts
Portfolio Pulse from Jelena Martinovic
Urban-gro, Inc. (NASDAQ:UGRO) has signed contracts worth over $3 million with four clients in the cannabis sector. The contracts include architecture, design, engineering, and equipment integration services for clients in the Northeast and Midwest U.S., as well as Western Europe. The company expects the revenue from these projects to be recognized over the next three quarters.
September 13, 2023 | 4:07 pm
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POSITIVE IMPACT
Urban-gro's new contracts worth over $3 million could boost its revenues over the next three quarters. This development could potentially have a positive impact on the company's stock.
The new contracts signed by Urban-gro are expected to contribute significantly to its revenues over the next three quarters. This increase in revenue could potentially lead to an increase in the company's stock price, assuming other factors remain constant.
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