urban-gro Signs ~$12M In New Cannabis Sector Contracts In Q2, Expects The Majority Of The Revenue From These Projects To Be Recognized By The End Of Q3 2024
Portfolio Pulse from Benzinga Newsdesk
urban-gro, Inc. (NASDAQ:UGRO) has signed new contracts worth approximately $12 million in the cannabis sector. The contracts include engineering, architecture, design services, equipment procurement, and construction management. The majority of the revenue is expected to be recognized by the end of Q3 2024.
June 26, 2024 | 1:10 pm
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urban-gro, Inc. has secured approximately $12 million in new contracts in the cannabis sector, which will significantly boost its revenue. The majority of this revenue is expected to be recognized by the end of Q3 2024.
The new contracts worth $12 million will likely have a positive impact on urban-gro's revenue and financial performance. The expected recognition of the majority of this revenue by the end of Q3 2024 provides a clear timeline for investors, enhancing the company's growth prospects.
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