secwatch.observer — SEC 8-K summary
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Issuer:     urban-gro, Inc. (UGRO)
CIK:        0001706524
Form:       8-K
Filed at:   2025-10-20T23:59:59+00:00
Accession:  0001213900-25-100408
Event type: litigation
Sentiment:  negative
Materiality: 0.75
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

Lender sues urban-gro for breach of contract, fraud; alleges default on $2.1M note
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/0001213900-25-100408-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/ea0261809-8k_urbangro.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-100408

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer