Urban-Gro sells non-CEA business for $2M; receives Nasdaq delisting notice

urban-gro, Inc.

Subsidiaries sold non-CEA architectural services business to 2WR Holdco for $2.0M cash, net of $500K deposit and assumed debt.
Nasdaq determined company failed to regain minimum bid price compliance by Aug 25; delisting hearing set for Oct 7, 2025.
Also out of compliance with timely filing (10-K, 10-Q) and minimum stockholders' equity ($2.5M) requirements.
Director Lewis O. Wilks resigned Aug 26; has financial interest in the buyer.
CEO Brad Nattrass voluntarily reduced salary from $450K to $350K through Nov 30; other leaders took cuts.

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