Urban-gro, Inc. Plans to Sell 2WR Subsidiary

Urban-gro, Inc. (NASDAQ: UGRO), a professional services and Design-Build firm, announced a non-binding letter of intent with CM Capital Management for the sale of its subsidiary, 2WR of Georgia, Inc. This architectural design unit focuses on civil, municipal, post-secondary, and healthcare projects in Georgia.

The letter includes a refundable $500,000 deposit. Additional payments are planned based on closing terms and certain performance milestones. Finalizing this transaction depends on negotiation, closing conditions, and due diligence. The sale aligns with urban-gro's strategy to focus on the Controlled Environment Agriculture sector.

No binding agreement is currently in place. Urban-gro plans to release transaction details in future announcements.