- Signing of commercial representation agreements with two companies in the Netherlands and France, represents a key milestone in urban-gro’s robust European expansion strategy
- Working closely with manufacturing partner to develop and certify purpose-built complex environmental mechanical systems specified for European market
LAFAYETTE, Colo., March 24, 2021 (GLOBE NEWSWIRE) — urban-gro, Inc. (NASDAQ: UGRO) (“urban-gro” or the “Company”), a leading global horticulture company that engineers and designs commercial Controlled Environment Agriculture (“CEA”) facilities and integrates complex environmental equipment systems, today announced it has signed agreements with two European companies, one in France and one in the Netherlands, experiencing quick inertia with opportunities throughout the European market. These representation agreements are the Company’s first outside of the US. Additionally, the Company is readying final development with a strategic vendor partner of a complex environmental mechanical system that is specifically designed for the European market.
While continuing its work on existing projects the Company signed in 2020, the Company is committed to advancing its presence and strategic reach across Europe. The Company plans to leverage its partnerships and existing U.S. based engineering expertise and overhead to meet the increased demand for sustainable integrated CEA facilities and the cannabis industry expansion across Europe.
The European market represents a tremendous growth opportunity for the Company. With the rapidly growing demand for CEA solutions, we believe urban-gro is well-positioned to bring our acquired expertise in engineering, design and custom equipment system integration to this emerging market.
Bradley Nattrass, Chief Executive Officer and Chairman of urban-gro
These agent engagements represent the first key steps as we build our team and ultimately open our European office as soon as global conditions permit.
In addition, the Company is pleased to be working with a key manufacturing partner to develop and secure all certifications for a mechanical system purpose-built to address the gap of complex environmental systems for indoor CEA facilities within Europe.
About urban-gro, Inc.
urban-gro, Inc. (NASDAQ: UGRO) is a leading engineering design and services company focused on the commercial horticulture market. We engineer and design commercial Controlled Environment Agriculture (“CEA”) facilities and then integrate complex environmental equipment systems into these high-performance facilities. Operating in the global market, our custom-tailored approach to design, procurement, and equipment integration provides a single point of accountability across all aspects of growing operations. Visit urban-gro.com to learn more.
