urban-gro signs ~$12M in cannabis contracts, secures $2.1M loan

urban-gro, Inc.

Signed contracts with 15+ clients for ~$12M in cannabis cultivation, extraction, and retail projects across the U.S.
Revenue from these contracts expected to be largely recognized by end of Q1 2025.
Entered $2.1M asset-based secured loan from Grow Hill, LLC at 15% interest, 24-month term, with a $100K origination fee.
Issued warrant to Lender for 160,000 shares at $2.50/share, exercisable immediately for 5 years on cashless basis.
CEO cites Florida Amendment 3 and new market licenses as catalysts; loan supports growth and cash management.

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