urban-gro, Inc. Completes Acquisition of MJ12 Design Studio and Forecasts the Addition of $7-$9M of High Margin Services Revenue

FOR IMMEDIATE RELEASE

Lafayette, Colo. (Aug 2, 2021)- urban-gro, Inc. (Nasdaq: UGRO) ('urban-gro' or the 'Company'), a fully-integrated architectural, engineering and cultivation systems integration company for commercial cannabis and food-focused Controlled Environment Agriculture ('CEA') facilities, today announced that it has completed the acquisition of MJ12 Design Studio and associated companies, 2WR of Georgia and 2WR of Colorado (2WR+ Partners). The acquisition extends urban-gro's services into early-stage conceptual design and planning, and it creates the industry's first fully integrated architecture, engineering, and cultivation systems company serving the cannabis and food-focused CEA sectors.

Read the full announcement on the urban-gro blog.