urban-gro Archives - Page 2 of 2 - Green Market Report

Debra BorchardtDecember 10, 2021
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4min3790

It’s a trend that could benefit emerging agricultural technology or ag-tech companies within the cannabis space. Many of these companies either began indoor growing with traditional products like lettuce or started in cannabis only to see a future beyond the confines of a pseudo-legal product.

Pitchbook News issued a new report that found funding for ag-tech companies jumped to a record high in the third quarter of 2021. Their data showed that this group raised $3.2 billion across 201 deals. This was an increase of 57% over the second quarter and annually, deal values hit $7.8 billion year-to-date. It will beat 2020 by 21.3%, with just one quarter remaining in the year. Pitchbook also said that the deal count totaled 545 deals in 2021 year-to-date, on pace to reach a decade high.

While none of the companies mentioned in the Pitchbook report come from the cannabis industry, it does bode well for them and makes their fundraising story a bit easier to tell. The big kahuna was Pivot Bio which raised $430.0 million Series D in the third quarter led by Temasek Holdings. According to Crunchbase, it has raised $616 million to date and has a post-money valuation in the range of $1B to $10B as of Jul 19, 2021, according to PrivCo. The company has developed a method to replace synthetic nitrogen that farmers use with a proprietary microbial technology that supplies the daily nitrogen cereal crops require.

Pitchbook said, “Investors are focusing on tech solutions that reduce atmospheric carbon, either by mitigating factors that lead to carbon emissions, such as enteric fermentation, or improving soil health and other carbon-capture tools and strategies.” The report also said that ag biotech startups attracted the majority (39.6%) of quarterly venture capital funding, while precision ag startups drew the majority of deals by count (34.4%).

Ag-Tech Exit

Of course, most venture capital investors aren’t in it for the long haul. Most of them want to know the way out the door before signing the check. Pitchbook said that the largest exit of the quarter was Ginkgo Bioworks’ $1.7 billion SPAC merger. The report said, “The company’s cell editing platform is used to pursue livestock feed innovation and microbiomics alternatives to synthetic agricultural chemicals, among other objectives.” Pitchbook reported that other key companies that exited in the third quarter included Benson Hill (NYSE: BHIL), Bear Flag Robotics, and American Robotics.

Cannabis Ag-Tech

Some of the leading names in cannabis Ag-tech are:


StaffMarch 13, 2019
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6min2820

Systems Design and Building Design Solutions Provide Fully Integrated Building Efficiency and Optimization

LAFAYETTE, Colo. – March 13, 2019/AxisWire/ urban-gro, a leading cultivation systems integrator and agricultural technology company for commercial cannabis cultivators, announces the acquisition of Denver-based Impact Engineering Inc., a full-service mechanical, electrical, and plumbing (“MEP”) design and engineering company that has operated in the cannabis industry for the last four years as “Grow2Guys.”

By combining strengths, urban-gro and Grow2Guys will deliver value to investors and commercial cultivators through a tightly integrated design and engineering focus on high-performance cultivation facilities. The acquisition allows urban-gro to engage stakeholders earlier in the design process and offer the market a united team highly experienced in the end-to-end design and delivery of optimized cultivation and building systems.

“Investors and commercial cultivators tell us that they value our coordinated efforts,” says urban-gro CEO Brad Nattrass. “By combining urban-gro’s smart design and technology with Grow2Guys’s experience in building engineering solutions, we are strengthening our delivery of high-performance cultivation facilities.”

“Having provided mechanical engineering solutions for over 300 cultivation facilities, we are proud to combine our expertise with urban-gro’s agricultural solutions to ensure cultivators’ systems needs are harmonized with the building’s mechanical, electrical, and plumbing systems. This joining of forces is a testament to the maturation and legitimization of the cannabis industry,” says Brian Zimmerman. President and founder of Grow2Guys. “We look forward to providing investors and commercial cultivators with a holistic approach to the design of both cultivation and building systems.”

While urban-gro has acquired Grow2Guys for coordinated building and cultivations systems design, the Company will continue to work with and develop new relationships and collaborate with regional MEP engineering firms across North America. Grow2Guys will not compete directly with other MEP firms with which urban-gro has a relationship.

ABOUT URBAN-GRO

urban-gro, Inc. is a leading systems integrator and agriculture technology firm focused on serving commercial cultivators around the world. The company’s ag tech division, Soleil Technologies, delivers data-driven micro climate intelligence using high-density sense and control technology to improve crop quality, consistency, and operational efficacies. urban-gro helps cultivators achieve sustainable scalability via innovative solutions that drive down costs, increase economic yield and reduce environmental impact.  By combining its design and integration services, industry-leading suite of cultivation equipment and crop management products, and proprietary technology solutions, urban-gro provides integrated solutions for today’s commercial cannabis cultivators to efficiently manage and optimize their cultivation operations.  urban-gro is recognized as one of the cannabis industry’s fastest growing systems integration and agricultural technology companies. Visit www.urban-gro.com and www.soleiltech.ag to learn more.

Safe Harbor Statement

This press release may contain forward looking statements which 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 statements related to the amount and timing of expected revenues and any payment of dividends related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by us with the U.S. Securities and Exchange Commission (SEC).  Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the Securities and Exchange Commission. Among other matters, we not be able to sustain growth or achieve profitability based upon many factors including, but not limited to, general market conditions. Reference is hereby made to cautionary statements set forth in our most recent SEC filings. We have incurred and will continue to incur significant expenses in our expansion of our existing and new service lines, noting there is no assurance that we will generate enough revenues to offset those costs in both the near and long term.  Additional service offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations where we will be providing services, the impact of which cannot be predicted at this time.

For media inquiries, please contact:
Press Contacts:
McKenna Miller
KCSA Strategic Communications
mmiller@kcsa.com
786-390-2644 / 347-487-6197


StaffFebruary 26, 2019
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8min1610

LAFAYETTE, Colo., Feb. 26, 2019 /AxisWire/ urban-gro, Inc., a leading agricultural solution and technology company that works with leading commercial cannabis cultivators around the world, will be hosting three design workspaces at the Michigan Cannabis Industrial Marketplace to be held at the Frankenmuth Credit Union Event Center in Birch Run, Michigan on February 26 and 27.

These high-performance cultivation systems design workspaces will allow commercial cultivators to explore the design and technical considerations of numerous key cultivation facility systems—including irrigation, fertigation, climate control, benches, air movement, lighting, and pest management. These private workspaces will offer urban-gro’s customers the opportunity for detailed design and system evaluations to ensure optimal space utilization and product performance.

Additionally, urban-gro will showcase Fluence Bioengineering’s LED lighting solutions, following their recent announcement as the company’s first horticulture system integrator in the Americas. The industry-leading SPYDR and VYPR lights will be on display, demonstrating the latest in cultivation lighting technology to improve crop quality, consistency, and operational efficiencies.

Finally, Lucas Targos, Director of Cultivation Technologies, will present the “Five Factors to Successful Cultivation Facility Design and Construction” which is an interactive session that shares successful design and construction practices to ensure optimal equipment selection, installation and facility operations.

“urban-gro provides design, commissioning, and leading ag tech to support high-performance cultivation facilities, ensuring that our customers have the best solutions for their cultivation needs,” said Brad Nattrass, CEO and Co-Founder at urban-gro. “Our design workspaces represent the heart of what urban-gro provides and allow us to demonstrate our commitment to serving the cultivation community with best-in-market products, services, and technology.”

urban-gro experts will be on hand in Booth #161 to meet with cultivators and answer questions regarding urban-gro’s systems integration solutions, products, and technology.

ABOUT URBAN-GRO

urban-grois a leading systems integrator and agriculture technology firm focused on serving commercial cultivators around the world. The company’s ag tech division, Soleil Technologies, delivers data-driven micro climate intelligence using high-density sense and control technology to improve crop quality, consistency, and operational efficacies. urban-gro helps cultivators achieve sustainable scalability via innovative solutions that drive down costs, increase economic yield and reduce environmental impact. By combining its design and integration services, industry-leading suite of cultivation equipment and crop management products, and proprietary technology solutions, urban-gro provides integrated solutions for today’s commercial cannabis cultivators to efficiently manage and optimize their cultivation operations. urban-gro is recognized as one of the cannabis industry’s fastest growing systems integration and agricultural technology companies. Visit www.urban-gro.comand soleiltech.ag to learn more. Follow us on Instagram, Facebook, Twitterand LinkedIn.

Safe Harbor Statement

This press release may contain forward looking statements which 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 statements related to the amount and timing of expected revenues and any payment of dividends related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by us with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the Securities and Exchange Commission. Among other matters, we not be able to sustain growth or achieve profitability based upon many factors including, but not limited to, general market conditions. Reference is hereby made to cautionary statements set forth in our most recent SEC filings. We have incurred and will continue to incur significant expenses in our expansion of our existing and new service lines, noting there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. Additional service offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations where we will be providing services, the impact of which cannot be predicted at this time.

For media inquiries, please contact:

Press Contacts:
McKenna Miller
KCSA Strategic Communications
mmiller@kcsa.com
786-390-2644 / 347-487-6197


StaffFebruary 20, 2019
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12min1410

LAFAYETTE, Colo., Feb. 20, 2019  /AxisWire/ urban-gro, Inc, a leading agricultural solution and technology company that works with commercial cannabis cultivators around the world, was awarded NCIA’s “Excellence in Innovation Award” in Cultivation at the 2019 National Cannabis Industry Association Seed to Sale Show. The event and ceremony were held at the Hynes Convention Center in Boston, Massachusetts on February 13.

urban-gro was carefully selected for its high-performance cultivation systems that help commercial cultivators grow quality cannabis, improve crop consistency, and advance overall operational efficiencies. Award recipients were evaluated by NCIA members based on innovative best practices, science, and cutting-edge technology surrounding the whole life cycle of the cannabis plant from cultivation through sale in a regulated market.

“This award is a testament to our commitment to providing commercial cannabis cultivators with high-performance agricultural solutions and the most advanced technology in the industry. NCIA continues to lead the charge for advocacy and advancement of this industry. It is an honor to be recognized among this influential group of companies,” said Brad Nattrass, CEO of urban-gro.

Award nominees are presented to current NCIA members for voting in each category. Categories include: Cultivation, Infused Products and Extractions, and Business Strategies and Innovation. Winners represent businesses that have disrupted and advanced the industry by bringing an innovative idea to life.

ABOUT URBAN-GRO

urban-gro is a leading systems integrator and agriculture technology firm focused on serving commercial cultivators around the world. The company’s ag tech division, Soleil Technologies, delivers data-driven micro climate intelligence using high-density sense and control technology to improve crop quality, consistency, and operational efficacies. urban-gro helps cultivators achieve sustainable scalability via innovative solutions that drive down costs, increase economic yield and reduce environmental impact.  By combining its design and integration services, industry-leading suite of cultivation equipment and crop management products, and proprietary technology solutions, urban-gro provides integrated solutions for today’s commercial cannabis cultivators to efficiently manage and optimize their cultivation operations.  urban-gro is recognized as one of the cannabis industry’s fastest growing systems integration and agricultural technology companies. Visit www.urban-gro.com and soleiltech.ag to learn more. Follow us on InstagramFacebookTwitter and LinkedIn.

Safe Harbor Statement

This press release may contain forward looking statements which 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 statements related to the amount and timing of expected revenues and any payment of dividends related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by us with the U.S. Securities and Exchange Commission (SEC).  Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the Securities and Exchange Commission. Among other matters, we not be able to sustain growth or achieve profitability based upon many factors including, but not limited to, general market conditions. Reference is hereby made to cautionary statements set forth in our most recent SEC filings. We have incurred and will continue to incur significant expenses in our expansion of our existing and new service lines, noting there is no assurance that we will generate enough revenues to offset those costs in both the near and long term.  Additional service offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations where we will be providing services, the impact of which cannot be predicted at this time.

For media inquiries, please contact:

Press Contacts:
McKenna Miller
KCSA Strategic Communications
mmiller@kcsa.com
786-390-2644 / 347-487-6197


StaffJanuary 8, 2019
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5min2460

urban-gro to Offer Fluence LED Grow Light Solutions to North and South American Commercial Cultivators

Austin, Texas and Lafayette, Colo. – January 8, 2019 /AxisWire/ Fluence Bioengineering, Inc. today announced it has selected urban-gro, Inc. of Lafayette, CO as an authorized system integrator for Fluence LED lighting solutions in North and South America.

“As a result of our collaboration with Fluence Bioengineering, urban-gro now offers commercial cultivators access to the most advanced LED lighting solutions on the market,” said Bradley Nattrass, CEO of urban-gro. “As recognized leaders in lighting science and systems integration, our partnership with Fluence benefits cultivators by combining the power of Fluence’s advanced lighting technology with urban-gro’s industry-leading systems integration and agriculture technology solutions.”

Fluence has launched an authorized reseller program comprised of value-added resellers. Each entity in the program is trained and works closely with Fluence to ensure the company’s LED grow lights are properly deployed and integrated into the grower’s unique cultivation environment. For more information on the Fluence authorized reseller program, please contact us here.

“Working with urban-gro will enable cultivators to easily integrate our solutions and benefit from the expertise, capabilities and guidance which their team brings to the controlled environment agriculture industry,” said David Cohen, CEO of Fluence Bioengineering. “Given our collective expertise and dedication to commercial cultivators, collaborating with urban-gro is a natural fit.”

###

About Fluence Bioengineering

Fluence Bioengineering Inc., a wholly-owned subsidiary of OSRAM, creates the most powerful and energy-efficient LED lighting solutions for commercial crop production and research applications. Fluence is the leading LED lighting supplier in the global cannabis market and is committed to solving the looming food crisis by enabling more efficient crop production with the world’s top vertical farms and greenhouse produce growers. All Fluence lighting solutions are designed and built at the company’s headquarters in Austin, Texas, U.S.A., with European sales and support based in Amsterdam, Netherlands. https://fluence.science

About urban-gro

Uurban-grois a leading systems integrator and agriculture technology firm focused on serving commercial cultivators around the world. The company’s ag tech division, Soleil Technologies, delivers data-driven micro climate intelligence using high-density sense and control technology to improve crop quality, consistency, and operational efficiencies. urban-gro helps cultivators achieve sustainable scalability via innovative solutions that drive down costs, increase economic yield, and reduce environmental impact.  By combining its design and integration services, industry-leading suite of cultivation equipment and crop management products, and proprietary technology solutions, urban-gro provides integrated solutions for today’s commercial cannabis cultivators to efficiently manage and optimize their cultivation operations. urban-gro is recognized as one of the cannabis industry’s fastest growing systems integration and agricultural technology companies. The Colorado-based firm currently employs 53 people all over the country and has worked on more than 500 commercial cultivation facilities. Visiturban-gro.comandsoleiltech.agto learn more. Follow us onInstagram,Facebook,TwitterandLinkedIn.

 

For media inquiries, please contact:

Fluence Bioengineering

George Wang

pr@fluencebioengineering.com

(512) 212-4544

 

urban-gro, Inc.

Annie Graf / McKenna Miller

KCSA Strategic Communications
agraf@kcsa.com / mmiller@kcsa.com
786-390-2644 / 347-487-6197

 

 


StaffNovember 28, 2018
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6min1580

Bob Pullar Brings Financial and Advisory Experience to Dual Role Appointment

 

Lafayette, Colo., -November 28, 2018 /AxisWire/ urban-gro, a leading cultivation systems integrator and agricultural technology firm for commercial cannabis cultivators around the world, is pleased to announce the appointment of Bob Pullar to the position of Chief Financial Officer (CFO) and Head of Corporate Development. A cannabis industry veteran, Pullar brings vast expertise in helping companies grow their businesses. In his dual roles, Pullar will lead the urban-gro’s corporate development, acquisition strategy, financial planning and reporting, investor relations, and business operations.

“Since joining urban-gro, Bob has been an outstanding advisor and project manager,” said Brad Nattrass, CEO at urban-gro. “He shares in our vision and strategy to lead the industry in systems integration, controlled environment agriculture, and ag tech. He plays a critical dual-role on our executive team as both CFO and Head of Corporate Development and is a driving force behind the Company’s continued growth and profitability.”

Pullar began his career at corporate giant, IBM Global Services, as a financial transformation executive. He later went on to serve inCFO roles for multiple private companies in both the U.S. and Canada, and has held senior finance positions at Qwest Cyber Solutions and brings significant experience from his work with international consulting and advisory firm, KPMG. Pullar’s official title change to the new dual-roles at urban-gro took place on August 13, 2018.

“urban-gro is uniquely positioned to thrive in the growing cannabis and horticulture cultivation markets,” said Pullar. “I look forward to continuing to be a part of the Company’s growth, and scaling the business in this ‘ever-green’ industry.”

urban-gro experts participate at some of the biggest events in the Cannabis industry, including the upcoming Ark-La-Tex Cannabis Business Expo in Little Rock, December 12-13, 2018 (Booth 35).

ABOUT URBAN-GRO

urban-gro is a leading systems integrator and agriculture technology firm focused on serving commercial cultivators around the world. The company’s ag tech division, Soleil Technologies, delivers data-driven micro climate intelligence using high-density sense and control technology to improve crop quality, consistency, and operational efficiencies. urban-gro helps cultivators achieve sustainable scalability via innovative solutions that drive down costs, increase economic yield, and reduce environmental impact.  By combining its design and integration services, industry-leading suite of cultivation equipment and crop management products, and proprietary technology solutions, urban-gro provides integrated solutions for today’s commercial cannabis cultivators to efficiently manage and optimize their cultivation operations. urban-gro is recognized as one of the cannabis industry’s fastest growing systems integration and agricultural technology companies. Visit urban-gro.com and soleiltech.ag to learn more. Follow us onInstagramFacebookTwitter and LinkedIn.

Safe Harbor Statement

This press release may contain forward looking statements which 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 statements related to the amount and timing of expected revenues and any payment of dividends related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by us with the U.S. Securities and Exchange Commission (SEC).  Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the Securities and Exchange Commission. Among other matters, we not be able to sustain growth or achieve profitability based upon many factors including, but not limited to, general market conditions. Reference is hereby made to cautionary statements set forth in our most recent SEC filings. We have incurred and will continue to incur significant expenses in our expansion of our existing and new service lines, noting there is no assurance that we will generate enough revenues to offset those costs in both the near and long term.  Additional service offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations where we will be providing services, the impact of which cannot be predicted at this time.

For media inquiries, please contact:

Press Contacts:
Annie Graf / McKenna Miller

KCSA Strategic Communications
agraf@kcsa.com / mmiller@kcsa.com
786-390-2644 / 347-487-6197

Investor Contact:
Phil Carlson / Erika Kay
KCSA Strategic Communications
Phone: (212) 896-1233
Email: pcarlson@kcsa.com / ekay@kcsa.com

 


Cynthia SalarizadehOctober 22, 2018
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8min1590
LAFAYETTE, Colo., Oct. 22, 2018 /AxisWire/ urban-gro, Inc, a leading systems integrator and agriculture technology firm serving commercial cultivators around the world, will be presenting its new Soleil Environmental Control systems, powered by TGC, at the 2018 California Cannabis Business Conference in Anaheim on October 22-23. The systems, the Soleil Spark and Soleil Ray, are the newest additions to the Company’s Soleil Sense + Control technology line—one of the most advanced cultivation systems available today.
These plug-and-play systems are ideal for California cultivators with facilities up to 10,000 sq. ft. Offering complete control for grows, the Soleil proprietary control system doesn’t require complicated programming—users simply use the intuitive touchscreen interface to control nutrient and water delivery, capture environmental data, and control facility lighting. The skid-mounted Spark and Ray batch systems fit through a standard 60″ doorway for easy setup and can feed up to 4 and 10 nutrient zones, respectively.
Accessible from anywhere, the Soleil Sense + Control systems improve crop quality, consistency, and operational efficiencies by using high-density wireless sensor networks to deliver actionable, data-driven microclimate intelligence.
“urban-gro’s Soleil Sense + Control technology systems help cultivators of all sizes maximize crop quality and yield while reducing operational costs. With the expansion of our Soleil line to include the Soleil Spark and Ray, we are able to effectively deliver the same technology used in large-scale cultivations to smaller and mid-size grows around the world,” said Brad Nattrass, CEO and Co-Founder at urban-gro. “All eyes are on California as an adult-use state and national leader in cultivation. We have a sustained commitment to servicing the cultivation community, providing best-in-market products and services to this thriving marketplace.”
urban-gro experts will be on hand at Booth #211 for a demo of the Soleil Spark system and to answer questions regarding Soleil technology and urban-gro’s systems integration solutions.
ABOUT URBAN-GRO
urban-gro is a leading systems integrator and agriculture technology firm focused on serving commercial cultivators around the world. The company’s ag tech division, Soleil Technologies, delivers data-driven micro climate intelligence using high-density sense and control technology to improve crop quality, consistency, and operational efficiencies. urban-gro helps cultivators achieve sustainable scalability via innovative solutions that drive down costs, increase economic yield and reduce environmental impact.  By combining its design and integration services, industry-leading suite of cultivation equipment and crop management products, and proprietary technology solutions, urban-gro provides integrated solutions for today’s commercial cannabis cultivators to efficiently manage and optimize their cultivation operations.  urban-gro is recognized as one of the cannabis industry’s fastest growing systems integration and agricultural technology companies. Visit www.urban-gro.com and soleiltech.ag to learn more. Follow us on InstagramFacebookTwitter and LinkedIn.
Safe Harbor Statement
This press release may contain forward looking statements which 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 statements related to the amount and timing of expected revenues and any payment of dividends related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by us with the U.S. Securities and Exchange Commission (SEC).  Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the Securities and Exchange Commission. Among other matters, we not be able to sustain growth or achieve profitability based upon many factors including, but not limited to, general market conditions. Reference is hereby made to cautionary statements set forth in our most recent SEC filings. We have incurred and will continue to incur significant expenses in our expansion of our existing and new service lines, noting there is no assurance that we will generate enough revenues to offset those costs in both the near and long term.  Additional service offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations where we will be providing services, the impact of which cannot be predicted at this time.
Press Contacts:
Annie Graf / McKenna Miller
KCSA Strategic Communications
agraf@kcsa.com / mmiller@kcsa.com
786-390-2644 / 347-487-6197

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