Controlled environment agriculture construction company Urban-gro’s stock rallies as it wins cannabis contracts

Urban-gro Inc. stock was up 12.6% in premarket trading on Wednesday after the controlled environment agriculture construction specialist said it won $3...

Urban-gro Inc. UGRO, -4.51% stock was up 12.6% in premarket trading on Wednesday after the controlled environment agriculture construction specialist said it won $3 million in contracts from four clients in the cannabis space.

The contracts include architecture and design, engineering, and equipment integration services in the U.S. and Europe. Urban-gro plans to recognize revenue for these projects over its next three quarters.

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