Urban-Gro files for IPO

LAFAYETTE — Urban-Gro Inc., a firm specializing in engineering and maintaining marijuana and hemp growhouses, is debuting on the public markets.

According to filings with the U.S. Securities and Exchange Commission, the company proposes to put 1,799,150 shares worth of current shareholder equity on the over-the-counter QX market at approximately $2.41 per share, producing approximately $4.33 million for those early investors. Urban-Gro said it will not receive any proceeds from the offering, but could make up to $1.96 million if all of its outstanding stock warrants are exercised.

Proceeds from the offering will go to the selling shareholders, who…