UGRO subsidiary gets default notice on $1.76M credit line; full payment demanded

urban-gro, Inc.

On July 31, 2025, Gemini Finance Corp. issued default notice to UG Construction for failing to submit receivables calculations and maintain sufficient eligible accounts.
Outstanding ~$1.76M under $10M line of credit declared immediately due; default interest of 1% per week accruing from June 16, 2025.
Lender threatens legal action if payment not received by August 8, 2025. Company investigating options to settle.

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