urban-gro, Inc. (UGRO): debt financing — Lender sues urban-gro for breach of contract, fraud; alleges default on $2.1M note

urban-gro, Inc.

Grow Hill, LLC filed lawsuit Oct 14, 2025 in Denver District Court (Case 2025CV33546) for breach of contract and fraud.
Lender claims default on $2.1M promissory note due to missed payments; accelerated all amounts plus 1% default fee.
Company intends to vigorously defend fraud allegation; investigating options to resolve the complaint.
Loan originated Oct 1, 2024 with $100k origination fee; secured by certain assets (excluding subsidiaries).

item 2.04

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

urban-gro, Inc. faced acceleration on loan of $2,100,000 with Grow Hill, LLC.

Instrument: loan
Principal: $2,100,000
Counterparty: Grow Hill, LLC
Event: acceleration

Exact text from the filing

Loan Agreement (the “Loan”) with Grow Hill, LLC, a Washington limited liability company (the “Lender”) pursuant to which the Lender extended to the Company a secured loan of $2,100,000 with an origination fee of $100,000, which was added to the amount of the Loan. The Loan is evidenced by a Secured Promissory Note issued by the Company to the Lender (the

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8 debt financings filed in the last 30 days. Browse all debt financings →

urban-gro, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-100408

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