: Controlled environment agriculture construction company Urban-gro’s stock rallies as it wins cannabis contracts

Urban-gro Inc. UGRO stock was up 12.6% in premarket trading on Wednesday after the controlled environment agriculture construction specialist said it won $3 million in contracts from four clients in the cannabis space. The contracts include architecture and design, engineering, and equipment integration services in the U.S. and Europe. Urban-gro plans to recognize revenue for these projects over its next three quarters.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Previous post Moderna says flu vaccine showed promising results in phase three trial, paving path to approval
Next post : Bank of America waiving $4.95 fee for SafeBalance customers with $500 or more in their account