Urban-gro expects major Q1 revenue bump as CEO predicts ‘break out year’

LAFAYETTE — Urban-gro Inc. (OTCQX: UGRO), a Lafayette-based developer of cannabis grow facilities, released a preliminary financial report Tuesday indicating that the firm expects their first-quarter 2021 sales to nearly triple compared with the same period last year.

The company projects Q1 revenues of $11.8 million to $12.1 million, up from $4.3 million in Q1 last year and from $9.2 million in Q4 2020.

These sales totals are expected to put Urban-gro on the cusp of profitability in Q1. The company’s preliminary earnings report shows that income from operations is projected to range between a loss of $100,000 and a profit of…