Urban-gro taps new COO from board

LAFAYETTE — Days after it closed out a $62.1 million initial public offering on the Nasdaq, urban-gro Inc. (Nasdaq: UGRO) hired board member James Dennedy as its president and chief operating officer.

In a filing with the U.S. Securities and Exchange Commission Tuesday, the Lafayette-based company said Dennedy will receive a base salary of $250,000 per year, a signing bonus of $60,000, the opportunity to earn up to 45% of his salary through annual incentive bonuses and up to 40,000 shares of company stock over the next several years.

Dennedy previously served as the board’s chairman for its auditing committee. From…