urban-gro, Inc. Announces Closing of US$6 Million Debt Financing

The financing provides term loan and revolving capital credit facilities to refinance the company's existing debt and accelerate its growth and scale.

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LAFAYETTE, Colo., Feb. 27, 2020 (GLOBE NEWSWIRE) -- PRESS RELEASE -- urban-gro, Inc., an engineering design services company that integrates complex equipment systems into high-performance indoor cannabis cultivation facilities around the world, has announced the closing and initial draw of its previously announced credit facility in the aggregate principal amount of US$6 million with an institutional lender.

“The closing of this financing and the receipt of funds allows us to remain laser focused on profitability and in delivering our best-in-class engineering design, services and complex systems to our customers,” said Bradley Nattrass, CEO and chairman of urban-gro. “We are pleased to be in such a strong position to continue serving the increasing demand we are seeing across North America and Europe.”

INFOR Financial Inc. acted as the exclusive financial advisor to the company in connection with this financing. For further details, please refer to the company’s news release dated Feb. 21, 2020.