urban-gro signs ~$12M in new cannabis contracts; expects revenue recognition by end of Q3 2024

urban-gro, Inc.

Signed multiple contracts with over a dozen cannabis clients totaling ~$12M in expected revenue.
Scope includes engineering, architecture, design, equipment procurement, and construction management for cultivation and retail dispensaries.
CEO cites positive rescheduling developments and upcoming Florida adult-use vote as tailwinds.
Majority of revenue expected to be recognized by end of Q3 2024.

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