Latest news with #ControlledEnvironmentAgriculture
Yahoo
13-05-2025
- Business
- Yahoo
Agritech Market Global Outlook & Forecast Report 2025-2030: Rise of Vertical Farming and Controlled Environment Agriculture, and Increased Investments in Agri-Biotechnology and Sustainable Practices
The global agritech market is experiencing robust growth, driven by the increasing demand for sustainable agricultural practices, technological advancements, and supportive government policies. Key technologies, including precision agriculture, AI-based analytics, IoT-enabled devices, robotics, and smart farming solutions, are transforming the sector. Major players have secured significant market shares by focusing on innovation and expanding their global presence. The key players in the global agritech market include AGCO Corporation, Bayer Crop Science, CNH Industrial, Corteva Agriscience, John Deere, Kubota Corporation, Syngenta, and Trimble Inc. Agritech Market Dublin, May 13, 2025 (GLOBE NEWSWIRE) -- The "Agritech Market - Global Outlook & Forecast 2025-2030" report has been added to Agritech Market was valued at USD 24.42 billion in 2024, and is projected to reach USD 48.98 billion by 2030, rising at a CAGR of 12.30% John Deere (Deere & Company) leads the market with a share of approximately 15%-18%, offering advanced solutions such as autonomous tractors and the John Deere Operations Center. Trimble Inc. follows John Deere, known for its GPS technologies and field analytics. Bayer CropScience holds 8%-10% of the market through its Climate FieldView platform, which integrates data analytics with on-field applications. AGCO Corporation contributes 7%-9% via its Fendt, Massey Ferguson, and Valtra brands, integrating IoT and telemetry into its machinery. CNH Industrial, with its New Holland and Case IH brands, accounts for a significant agritech market share, providing telematics and data-driven solutions. Other players, such as Corteva Agriscience, Kubota Corporation, Indigo Ag, and Yara International, focus on digital agronomy, seed technology, and sustainable solutions. Emerging startups like Farmers Edge and CropX are gaining traction with niche innovations in AI, drones, and blockchain. The agritech market is poised for continued expansion, with sustainability and digital transformation at the forefront of competitive strategies. AGRITECH MARKET TREND & DRIVERS Rise of Vertical Farming and Controlled Environment Agriculture (CEA)Adopting vertical farming and Controlled Environment Agriculture (CEA) is revolutionizing the global agritech market, addressing challenges like limited arable land and climate change. Vertical farming leverages hydroponics and AI-driven systems to enhance productivity, while CEA ensures precise environmental control, enabling year-round, resource-efficient cultivation. These advancements, supported by substantial investments and government initiatives, are reshaping sustainable food production Investments in Agri-Biotechnology and Sustainable PracticesThe global agritech market is witnessing unprecedented growth, driven by advancements in agri-biotechnology, precision agriculture, and sustainable farming practices. Investments surpassed USD 27 billion in 2023, marking a 19% rise from 2022, as governments and private enterprises prioritize technological solutions to address challenges like food security and climate change. Innovations such as drought-resistant crops, precision irrigation, and autonomous machinery are revolutionizing agriculture, enabling higher yields and resource Support and InitiativesThe global agritech market is experiencing rapid growth, driven by government initiatives targeting critical issues such as food security and climate change. Substantial funding programs, such as the EU's $10 billion Horizon Europe initiative and the US Farm Bill's $500 million allocation for precision agriculture, are accelerating technology adoption. These efforts have enhanced productivity and sustainability, with emerging markets in Asia and Africa leading the democratization of agritech solutions. Moreover, governments are also promoting agritech adoption through tax incentives and startup-friendly policies. For instance, in North America, the United States and Canada have introduced tax credits for agritech investments, encouraging farmers and corporations to adopt sustainable Growth and Food SecurityThe global agritech market is experiencing significant growth, driven by rising food demand as the population approaches 9.7 billion by 2050. Advanced technologies like precision agriculture, AI, and vertical farming are transforming agricultural practices, enhancing productivity while minimizing environmental impact. Vertical farming is a key area of growth in the agritech sector, with companies like AeroFarms and Plenty leading the charge. These companies are developing state-of-the-art indoor farms that use minimal water, land, and energy to produce crops in urban settings. For example, AeroFarms' vertical farming systems use aeroponics and LED lighting to grow leafy greens and herbs without soil, using 95% less water than traditional farming methods. This not only increases food availability in urban areas but also reduces the carbon footprint associated with food production and RESTRAINTS Limited Digital Literacy in Rural AreasThe global agritech market faces significant barriers due to limited digital literacy and infrastructure in rural areas, particularly in emerging economies. Farmers often lack the skills and resources to adopt innovative technologies, which restricts agritech adoption and stifles growth. Collaborative efforts among governments, NGOs, and agritech companies are crucial to bridging this gap and unlocking the sector's full Initial Investment CostsHigh initial investment costs pose a significant barrier to agritech adoption, particularly in regions with limited financing access. Technologies like precision farming and autonomous machinery require substantial capital, often exceeding USD 100,000, making them unaffordable for small and medium-sized farms in both emerging and developed markets. GEOGRAPHICAL ANALYSIS North America holds the most significant share of the global agritech market, accounting for over 35% in 2024. The region's growth is fueled by high adoption of precision farming technologies, robust investment in agricultural R&D, and government incentives for sustainable Asia Pacific agritech market is growing rapidly due to rising food demand driven by a population of over 4.7 billion. Governments in countries like China and India are offering subsidies to boost precision farming and modern agricultural technologies. Furthermore, government initiatives like Japan's Smart Agriculture Project and Australia's "Ag2030" plan are driving represents another mature agritech market, driven by stringent environmental regulations and the adoption of sustainable agricultural practices. Government support is a key driver, with the European Commission allocating €1.3 billion under Horizon Europe for sustainable agricultural R&D in 2023. This funding fosters the development of data-driven solutions and promotes innovation in the sector. Also, the rising demand for organic produce is pushing the use of Agritech tools for better crop management and reduced resource consumption. Companies like BASF launched digital platforms in 2024 to help farmers meet environmental regulations. Furthermore, labor shortages are leading to increased use of robotics and automation in agriculture, with over 25% of farms in Northern Europe integrating robotic systems by late 2023. These systems are helping reduce operational costs by up to 40%.The Latin American Agritech market is growing due to rising food demand, driven by a growing population and urbanization. By 2030, the region's population is projected to increase by 8%, boosting the need for sustainable agricultural solutions. Government policies in countries like Brazil are accelerating Agritech adoption, with investments in digital farming and precision agriculture. The focus on sustainability is reshaping the sector, as Latin American farmers adopt technologies to reduce resource usage and waste. This is attracting investment and fostering partnerships between startups and major agricultural Middle East and Africa (MEA) region is witnessing a gradual adoption of Agritech, primarily in water-scarce countries like Israel, the UAE, and South Africa. For example, the UAE's "Food Security Strategy 2051" promotes sustainable farming practices and drone technology. Also, government support is crucial for the adoption of agritech solutions. The South African government's "Agriculture and Agro-processing Master Plan," launched in 2020, aims to integrate technology into farming. Furthermore, venture capital investments in agritech startups are growing. In 2023, Egypt's agritech company "Greenhouse" raised USD 1.5 million to expand its operations, focusing on vertical farming and efficient water use. Key Attributes: Report Attribute Details No. of Pages 317 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $24.42 Billion Forecasted Market Value (USD) by 2030 $48.98 Billion Compound Annual Growth Rate 12.3% Regions Covered Global Premium Insights Market Trend & Opportunities Rise of Vertical Farming and Controlled Environment Agriculture (Cea) Increased Investments in Agri-Biotechnology and Sustainable Practices Market Drivers Government Support and Initiatives Population Growth and Food Security Market Challenges Limited Digital Literacy in Rural Areas High Initial Investment Costs Segmental Analysis Vendors Landscape Recent Developments by Top Major Brands Market at a Glance The Role of IoT, AI, and Machine Learning in Transforming Traditional Farming Practices IoT in Precision Agriculture AI for Predictive Insights Machine Learning for Automated Solutions Livestock Management and Monitoring Benefits and Challenges Recent Developments in the Agritech Market Strategic Partnerships and Collaborations Mergers and Acquisitions (M&A) Technological Advancements Shifting Consumer Preferences Government Regulations and Policy Support Value Chain Analysis Research and Development (R&D) Input Suppliers Technology Providers Farmers and Agricultural Producers Processing and Manufacturing Distribution and Logistics Retail and Consumer Engagement Support Services Supply Side and Demand Side Indicators Supply Side Indicators of the Global Agritech Market Demand Side Indicators of the Global Agritech Market Market Opportunities & Trends Rise of Vertical Farming and Controlled Environment Agriculture (Cea) the Vertical Farming Revolution Controlled Environment Agriculture (Cea) Advancements Growing Consumer Demand for Fresh, Sustainable Produce Technological Innovations Driving Agritech Government Support and Investments Increased Investments in Agri-Biotechnology and Sustainable Practices Agri-Biotechnology at the Forefront of Innovation Precision Agriculture Boosting Sustainable Practices Regulatory Push and Incentives Driving Adoption Private Sector Innovations Transforming the Market Adoption of Precision Agriculture and IoT Integration in Farming Precision Agriculture: Enhancing Resource Efficiency and Crop Yield IoT Integration: Revolutionizing Farm Management Economic and Environmental Benefits Driving Adoption Market Growth Enablers Population Growth and Food Security The Challenge of Food Security Technological Innovations Enhancing Agricultural Productivity Urban Agriculture and Vertical Farming Agritech Solutions for Sustainable Food Production Government Support and Initiatives Funding and Incentives Bolstering Agritech Adoption Public-Private Partnerships Driving Technological Integration Tax Benefits and Startup Support Addressing Global Challenges Through Agritech Impact on the Agritech Market Outlook Rising Adoption of Automation and Robotics Addressing Labor Shortages and Cost Efficiency Enhancing Sustainability with Precision Technology Investments and Policy Support Market Restraints Limited Digital Literacy in Rural Areas the Digital Divide in Rural Areas Impact of Limited Digital Skills on Agritech Adoption Limited Digital Infrastructure and Connectivity Skepticism and Lack of Trust in Agritech Solutions Financial Burden on Agritech Companies Collaborative Efforts to Address the Digital Literacy Gap Developing Hybrid Solutions for Easier Adoption Overcoming Digital Literacy Barriers to Unlock Agritech Potential High Initial Investment Costs Financial Barriers in Emerging Markets Slow Adoption in Developed Markets Financing Challenges and Innovative Solutions Addressing High Initial Investment Costs Regulatory and Policy Challenges Inconsistent Regulatory Landscapes Data Privacy and Security Concerns Government Subsidies and Traditional Agricultural Policies Environmental and Safety Regulations Regional Disparities and Market Access Impact on Investment and Innovation Key Company Profiles AGCO Corporation Bayer Crop Science CNH Industrial Corteva Agriscience John Deere Kubota Corporation Syngenta Trimble Inc. Other Prominent Vendors Agreena AgroStar ARSR Tech CeresAI CropX DeHaat EcoRobotix FarmInsect Indigo Ag Yara International For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Agritech Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
07-05-2025
- Business
- Cision Canada
Gardin Raises $4.5M to Advance Precision Agriculture with Breakthrough Photosynthesis Sensor & AI Platform to Monitor Greenhouse Crop Health at Scale, in Real Time
Gardin Agritech has raised a $4.5M Seed 2 financing round led by Navus Ventures with participation from new investor Oxford Innovation Finance as well as existing investors LDV Capital, MMC Ventures, Seedcamp, Alchimia Investments and angel investors. OXFORD, England, May 7, 2025 /CNW/ -- Gardin is growing their list of customers leveraging their novel optical photosynthesis sensor & AI that measures crop photosynthesis in real time, giving growers early insight into plant health and development. This allows for faster, more targeted interventions, resulting in improved yields, better crop quality and more efficient use of resources such as water, light and energy. Clients have reported up to 10x return on investment. Since commercial launch in June 2023, Gardin's sensors have been deployed across a wide range of environments – from polytunnels in Spain and Morocco to greenhouses in the Netherlands and Canada – and used successfully on more than 20 crop species, from algae to tomatoes. In 2025, the company is doubling down on light optimisation and energy efficiency enabling growers to make informed decisions, with trials already showing growers can achieve 20-30% in energy savings. Gardin's technology also aids research into hardier seed varieties, contributing to a more sustainable and secure food supply. The news comes at a critical time for the $200 billion global Controlled Environment Agriculture (CEA) market, which is expanding rapidly due to rising demand for reliable food supplies and decreasing setup costs. Yet the sector faces mounting pressures: energy and labour costs have surged, emissions regulations are tightening and there's a shortage of skilled growers to operate indoor farms, greenhouses and seed breeding businesses. Existing tools lack the sophistication to process vast amounts of data and deliver timely insights, leaving many operations struggling to adapt efficiently. This underscores a pressing need for AI-powered solutions capable of analysing large swathes of data in real time – enabling smarter, automated decisions and unlocking the full potential of precision agriculture. Agriculture Investments Limited, one of the UK's most progressive fruit producers, adopted Gardin's technology after seeing its potential to deliver scalable, confident decision-making for more resilient, high-quality crops. "We have been long believers that to truly optimise food production we need to be able to change the greenhouse climate to adapt to the crop's needs but there was no solution on the market that could solve this with high confidence and scalably…. Until we met Gardin. Gardin's unique sensor + AI is able to detect changes in crop photosynthesis and provide clear, actionable insights based on that. As a result, within a couple of months of trialling Gardin's product we decided to sign a multi-year contract," said David Moore, Director of Agriculture at Agriculture Investments. Fromboer reports a 5% yield increase per square meter thanks to more uniform, high-quality production and improved cost control. "The sensor contributes to homogeneous production with high quality and cost control. Overall, I estimate yield is at least 5% higher per square meter," said Leonard Boer, Owner & Head Grower at Fromboer. Ridder highlights Gardin's ability to drive profitability boosts of up to 30%, yield gains of 15%, and early detection of crop stress weeks in advance – marking a shift from traditional climate control to data-driven "crop control." "For many years now we have been able to effectively automate climate control around the crop, the next phase is to incorporate real time feedback from the crop and move from 'climate control' towards 'crop control'. Gardin has developed the key technology to enable this," said Sander Baraké, CTO at Ridder. "Results include profitability boosts of up to 30% by optimizing winter LED efficiency and maximising summer light. Yield increases of up to 15% and early detection of biotic and abiotic stresses by up to 4 weeks before crop walking," he continued. With this new round of funding, Gardin will enhance its platform and grow their commercial team to expand its customer base across continents. Available jobs are listed here. Led by serial entrepreneur Sumanta Talukdar, who previously co-founded and exited WaveOptics for over $500 million, brings decades of experience across optics, photonics, sensors and computer science, "Navus Ventures are in my opinion the best Ag focussed investor in Europe with a deep knowledge and network in this ecosystem. The whole Gardin team is very pleased to partner with Navus," said Sumanta Talukdar, Founder & CEO of Gardin. "Gardin has developed a unique affordable technology that gives growers an actual pulse on their plants and therefore business. A great addition to our portfolio and fit with our strategy and background, we are looking forward to helping Sumanta and the Gardin team through the next phase of commercial scaling," said Jaap Zijlstra, director at Navus.
Associated Press
19-04-2025
- Business
- Associated Press
urban-gro, Inc. Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)
LAFAYETTE, COLORADO / ACCESS Newswire / April 18, 2025 / urban-gro, Inc. (NASDAQ:UGRO) ('urban-gro' or the 'Company'), an integrated professional services and Design-Build firm offering solutions to the Controlled Environment Agriculture ('CEA') and other commercial sectors, today announced that the Company received a notice (the 'Notice') from The Nasdaq Stock Market LLC ('Nasdaq') on April 16, 2025, stating that because the Company had not yet filed its Annual Report on Form 10-K for the fiscal quarter ended December 31, 2024 (the 'Form 10-K'), the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1). Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. This notification has no immediate effect on the listing of the Company's common stock on the Nasdaq Capital Market. As disclosed in the Current Report on Form 8-K filed by the Company on August 14, 2024, the Company's audit committee, in consultation with the Company's independent public accounting firm, concluded that, as a result of inadvertent errors in the accounting for deferred tax liabilities associated with historical share-purchase acquisitions made by the Company, it was appropriate to restate the Company's previously issued financial statements for certain prior quarterly and annual periods. The restated financial statements were completed and filed by February 19, 2025. However, as a result of delays due to the preparation, review, and filing of the restatements described above, which required significant management attention and expenditures, and turnover in the Company's finance department, the Company has been delayed in its preparation and related audit of its financial statements for the fiscal year ended December 31, 2024 and the Form 10-K for that period. Consequently, the Company was unable to complete its audited consolidated financial statements and file the Form 10-K by the prescribed due date for such filing. The Notice states that the Company has 60 calendar days from April 16, 2025, or until June 16, 2025, to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rules. The Company intends to file the Form 10-K as soon as practicable and, if necessary, to submit a plan with Nasdaq to regain compliance. If Nasdaq accepts the Company's plan, then Nasdaq may, at its discretion, grant the Company up to 180 days from the prescribed due date for filing the Form 10-K, or until October 13, 2025, to regain compliance. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. About urban-gro, Inc. urban-gro, Inc.® (Nasdaq:UGRO) is an integrated professional services and Design-Build firm. We offer value-added architectural, engineering, and construction management solutions to the Controlled Environment Agriculture ('CEA'), industrial, healthcare, and other commercial sectors. Innovation, collaboration, and creativity drive our team to provide exceptional customer experiences. With offices across North America and in Europe, we deliver Your Vision - Built. Learn more by visiting Safe Harbor Statement This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this release, terms such as 'believes,' 'will,' 'expects,' 'anticipates,' 'may,' 'projects' and similar expressions and variations as they relate to the Company or its management are intended to identify forward-looking statements. The forward-looking statements in this press release include, without limitation, the expected scope of the material misstatements identified in this press release and the expected timing of filing the Form 10-K for the Company's annual report of 2024. These and other forward-looking statements are based on the current expectations, forecasts, beliefs and assumptions of the Company's management and are subject to risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including, among others, our ability to meet the other continued listing rules of Nasdaq and whether Nasdaq exercises its discretion, if necessary, to grant an extension period based on any plan of compliance we submit. A more detailed description of these and certain other factors that could affect actual results is included in the Company's filings with the Securities and Exchange Commission. Copies of these filings are available online at Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date hereof, except as may be required by law. Investor Contacts: Jeff Sonnek - ICR, Inc. (720) 730-8160 [email protected] Media Contact: Barbara Graham - urban-gro, Inc. (720) 903-1139 [email protected] SOURCE: urban-gro, Inc. press release
Associated Press
16-04-2025
- Business
- Associated Press
urban-gro, Inc. Awarded Three New Contracts with Fogo de Chão
LAFAYETTE, COLORADO / ACCESS Newswire / April 16, 2025 / urban-gro, Inc. (NASDAQ:UGRO) ('urban-gro' or the 'Company'), an integrated professional services and Design-Build firm offering solutions to multiple sectors, today announced that the firm has secured three new contracts with the internationally renowned restaurant from Brazil, Fogo de Chão. The Company has been awarded a comprehensive construction contract for a new restaurant in Murray, Utah, where they will oversee the entire project lifecycle from preconstruction to post-construction phases. Additionally, the Company has also been awarded two Construction Management ('CM') contracts, taking a leadership role in overseeing the construction process while acting as the owner's representative. In this capacity, the Company will define project objectives, deliverables, and timelines to ensure smooth execution for new restaurant locations in Las Vegas, Nevada and Rancho Cucamonga, California. These new agreements build upon urban-gro's existing portfolio of ongoing projects with Fogo de Chão in Texas and Colorado, demonstrating the client's continued trust in the Company. Work on all three projects is set to begin immediately, with the bulk of the revenue anticipated to be recognized by the third quarter of 2025. 'We look forward to further solidifying our partnership with Fogo de Chão with the effective execution of these new contracts,' said Bradley Nattrass, urban-gro Chairman and CEO. 'These projects showcase urban-gro's versatility in the commercial sector by highlighting our ability to deliver tailored, integrated solutions across diverse markets. We're thrilled to bring our hospitality expertise to these new locations.' About urban-gro, Inc. urban-gro, Inc.® (Nasdaq:UGRO) is an integrated professional services and Design-Build firm. We offer value-added architectural, engineering, and construction management solutions to the Controlled Environment Agriculture ('CEA'), industrial, healthcare, and other commercial sectors. Innovation, collaboration, and creativity drive our team to provide exceptional customer experiences. With offices across North America and in Europe, we deliver Your Vision - Built. Learn more by visiting About Fogo de Chão Fogo de Chão (fogo-dee-shown) is an internationally renowned restaurant from Brazil that elevates the culinary art of churrasco - the art of roasting high-quality cuts of meat over an open flame - into a cultural dining experience. Fogo is famed for its prix fixe Full Churrasco Experience that offers a continuous selection of premium cuts butchered daily by gaucho chefs, simply seasoned and grilled to create a craveable salty bark, then carved tableside. The naturally gluten-free Market Table offers a selection of seasonal salads, charcuterie, exotic fruit, superfoods and more. From celebratory to everyday occasions, Fogo provides selections for every daypart, including All-Day Happy Hour at Bar Fogo, Weekday Lunch, Dinner, and Weekend Brazilian Brunch. Guests can enhance their experience with offerings ranging from a shareable Wagyu New York Strip, South American wines, and more. For locations and to book a reservation to experience the fire of Fogo, visit Safe Harbor Statement This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this release, terms such as 'believes,' 'will,' 'expects,' 'anticipates,' 'may,' 'projects' and similar expressions and variations as they relate to the Company, or its management are intended to identify forward-looking statements. The forward-looking statements in this press release include, without limitation, future events, future performance, and the timing of completion of projects. These and other forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including, among others, our ability to successfully manage and integrate acquisitions, our ability to accurately forecast revenues and costs, competition for projects in our markets, our ability to predict and respond to new laws and governmental regulatory actions, including delays granting licenses to clients or potential clients and delays in passage of legislation expected to benefit our clients or potential clients, our ability to successfully develop new and/or enhancements to our product offerings and develop a product mix to meet demand, risks related to adverse weather conditions, supply chain issues, rising interest rates, economic downturn or other factors that could cause delays or the cancellation of projects in our backlog or our ability to secure future projects, our ability to maintain favorable relationships with suppliers, risks associated with reliance on key customers and suppliers, our ability to attract and retain key personnel, results of litigation and other claims and insurance coverage issues, risks related to our information technology systems and infrastructure, risks associated with climate change and ESG matters, our ability to maintain effective internal controls, our ability to execute on our strategic plans, our ability to achieve and maintain cost savings, the sufficiency of our liquidity and capital resources, and our ability to achieve our key initiatives for 2023, particularly our growth initiatives. A more detailed description of these and certain other factors that could affect actual results is included in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date hereof, except as may be required by law. Investor Contacts: Jeff Sonnek - ICR, Inc. (720) 730-8160 [email protected] Media Contact: Barbara Graham - urban-gro, Inc. (720) 903-1139 [email protected] SOURCE: urban-gro, Inc. press release
Associated Press
20-03-2025
- Business
- Associated Press
urban-gro Awarded $1.2M Contract for K-12 Architectural Design with Muscogee County School District
LAFAYETTE, CO / ACCESS Newswire / March 20, 2025 / urban-gro, Inc. (NASDAQ:UGRO) ('urban-gro' or the 'Company'), an integrated professional services and Design-Build firm offering solutions to multiple commercial sectors, today announced that its architectural division has signed a professional services agreement valued at approximately $1.2 million to provide architectural design services for campus enclosures with the Muscogee County School District in Georgia. The enclosures are a part of the district's initiative to enhance student safety and security throughout all its 53 schools. Many older campuses in the district feature open-air breezeways, and the goal is to enclose those pathways wherever feasible, creating a more cohesive, modern campus design that mirrors the functionality of a single building. The Company anticipates recognizing the majority of the project's revenue over the next three quarters of 2025. 'We are proud to strengthen our partnership with the Muscogee County School District and contribute to their mission of creating safe, modern, and functional learning environments,' said Bradley Nattrass, Chairman and CEO of urban-gro. 'As members of the Columbus, Georgia community, it is especially meaningful to play a role in enhancing campus infrastructure. By improving cohesion and security, these upgrades will provide lasting benefits for students and educators for years to come.' About urban-gro, Inc. urban-gro, Inc.® (NASDAQ:UGRO) is an integrated professional services and Design-Build firm. We offer value-added architectural, engineering, and construction management solutions to the Controlled Environment Agriculture ('CEA'), industrial, healthcare, and other commercial sectors. Innovation, collaboration, and creativity drive our team to provide exceptional customer experiences. With offices across North America and in Europe, we deliver Your Vision - Built. Learn more by visiting Safe Harbor Statement This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this release, terms such as 'will,' 'aims,' 'anticipates,' 'may,' 'look forward,' 'projects' and similar expressions and variations as they relate to the Company or its management are intended to identify forward-looking statements. The forward-looking statements in this press release include, without limitation, the expected magnitude and timing of revenue to be recognized from the design project described herein, the anticipated design and safety elements of the project, and the lasting benefits to students and educators. These and other forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including, among others, our ability to accurately forecast revenues and costs, our ability to predict and respond to new laws and governmental regulatory actions, including delays granting licenses to clients or potential clients and delays in passage of legislation expected to benefit our clients or potential clients, risks related to adverse weather conditions, supply chain issues, rising interest rates, economic downturn or other factors that could cause delays or the cancellation of projects in our backlog or our ability to secure future projects, our ability to maintain favorable relationships with suppliers, risks associated with reliance on key customers and suppliers, our ability to attract and retain key personnel, and risks related to our information technology systems and infrastructure. A more detailed description of these and certain other factors that could affect actual results is included in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date hereof, except as may be required by law. Investor Contact: Jeff Sonnek - ICR, Inc. Barbara Graham - urban-gro, Inc. (720) 903-1139 SOURCE: urban-gro, Inc.
