urban-gro, Inc. Appoints James H. Dennedy as President and Chief Operating Officer
February 23 2021 - 8:05AM
urban-gro, Inc. (NASDAQ: UGRO) (“urban-gro” or the “Company”), a
leading global horticulture company that engineers and designs
commercial Controlled Environment Agriculture (“CEA”) facilities
and integrates complex environmental equipment systems into these
high-performance facilities, today announced the appointment of
James H. Dennedy as President and Chief Operating Officer.
“We are incredibly pleased to have Jim join our
executive management team as President and COO. Since serving on
our Board since August 2018, he has consistently provided sound
financial and operational counsel. As we advance and scale our
operations, we can leverage his expertise in an even greater
capacity,” commented Bradley Nattrass, Chief Executive Officer and
Chairman of urban-gro.
Mr. Dennedy is a seasoned professional who
brings with him extensive operational, financial, executive, and
organizational experience. Over the course of his career, Mr.
Dennedy has served in multiple executive roles and as a director
for both public and private companies. He has significant
experience leading and closing M&A transactions on both the buy
and sell side through varying economic and business conditions.
“urban-gro is rapidly securing its leadership position in the
Controlled Environment Agriculture market. Having completed more
than 300 successful projects, two successful back-to-back quarters
with positive adjusted EBITDA, and now on the heels of a
transformational financing and listing on Nasdaq, the Company has
never been in a stronger position. Looking to the future, I am
excited to have an active leadership role in further developing our
operations and leveraging our proven expertise to propel urban-gro
into its next phase, one that we believe will be of exponential
growth,” added Mr. Dennedy.
Mr. Dennedy holds an MA degree in Economics from
the University of Colorado, Boulder, an MBA degree from The Ohio
State University and a BS degree in Economics from the US Air Force
Academy.
About urban-gro, Inc.urban-gro,
Inc. (NASDAQ: UGRO) is a leading engineering design and services
company focused on the commercial horticulture market. We
engineer and design commercial Controlled Environment Agriculture
(“CEA”) facilities and then integrate complex environmental
equipment systems into these high-performance facilities.
Operating in the global market, our custom-tailored approach to
design, procurement, and equipment integration provides a single
point of accountability across all aspects of growing operations.
Visit www.urban-gro.com to learn more.Safe Harbor
StatementThis press release contains forward looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. When used in this release, terms such as
“believes,” “estimates,” “should,” “could,” “would,” “plans,”
“expects,” “intends,” “anticipates,” “may,” “forecasts,” “projects”
and similar expressions and variations as they relate to the
Company or its management are intended to identify forward-looking
statements. Such forward-looking statements are based on current
expectations, forecasts, and assumptions that involve risks and
uncertainties that could cause actual outcomes and results to
differ materially from those anticipated or expected, including
statements related to the demand for our services and products, our
ability to manage the adverse effect brought on by the COVID-19
pandemic, our ability to execute on our strategic plans, our
ability to achieve positive cash flows or profitability, our
ability to achieve and maintain cost savings, the sufficiency of
our liquidity and capital resources, and our ability to achieve our
key initiatives for 2020. A more detailed description of these and
certain other factors that could affect actual results is included
in the Company’s filings with the Securities and Exchange
Commission. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
hereof. The Company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after
the date hereof, except as may be required by law.urban-gro
Investor Relations Contact:Jenene ThomasChief Executive
OfficerJTC Team, LLCT: 833.475.8247 investors@urban-gro.com
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