Cannabis  August 20, 2019

Urban-Gro grows loss on lower revenues

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LAFAYETTE — Urban–Gro Inc., a cultivation systems integrator and agricultural-technology firm for commercial cannabis cultivators, posted slightly lower revenues in the second quarter of fiscal year 2019, leading to a higher loss than was recorded during the same period last year.

Quarterly revenues were $5.64 million, compared to nearly $5.9 million in the second quarter of 2018.

Losses in the most recent period that ended June 30 were $1.43 million, or 6 cents per share. That’s up from a loss of just under $500,000, or 2 cents per share in the same quarter last year.

While quarterly results are down compared to the…

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Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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