Urban-Gro Secures $11M Hospitality & Recreation Contract In Southeast U.S.
Portfolio Pulse from Joana Scopel
Urban-Gro, Inc. (NASDAQ:UGRO) has secured a contract worth over $11 million in the hospitality and recreation sector in the Southeastern U.S. The contract includes a range of services such as architecture, design, engineering, and construction management. The project is expected to be predominantly realized over the next six quarters. UGRO shares traded 6.54% up at $1.385 per share at the time of writing on Tuesday afternoon.
September 26, 2023 | 6:11 pm
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POSITIVE IMPACT
Urban-Gro's new contract win could potentially boost its revenues over the next six quarters. The news has already positively impacted the stock price, with shares trading up 6.54%.
The contract win is a positive development for Urban-Gro as it could potentially increase the company's revenues over the next six quarters. This news has already had a positive impact on the company's stock price, which traded up 6.54% after the announcement. Therefore, the short-term impact on UGRO's stock price is likely to be positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100