Urban Gro Inc's Comment on Competition and Industry Peers
The Company operates within the sports media, event management, and rights-holding sectors, competing in the T20 cricket league market alongside established leagues such as the Indian Premier League (IPL), Big Bash League (BBL), Caribbean Premier League (CPL), Pakistan Super League (PSL), and SA20. In the broader sports media and experiential marketing industry, it competes with global sports marketing agencies, broadcast production companies, and digital entertainment firms, many of which possess greater financial, technical, and marketing resources. The Company holds exclusive long-term contractual rights to the Lanka Premier League (LPL) and other emerging cricket leagues. Its vertically integrated business model encompasses rights ownership, production, franchise management, sponsorship sales, and media distribution. The Company has produced over 5,000 hours of live broadcasts and maintains established relationships with national cricket boards. The LPL’s sponsorship media valuation has grown from approximately $54.5 million in Season 1 to approximately $176.5 million in Season 5. The Company operates globally with offices in six countries and has operational experience across these locations.
January 2, 2024
urban-gro, Inc. Secures $20 Million Design-Build Contract to Revolutionize the Cannabis Industry LAFAYETTE, Colo., Jan. 02, 2024 - urban-gro, Inc. (Nasdaq: UGRO), a leading integrated professional services consulting firm, has exciting news that will undoubtedly make waves in the rapidly evolving cannabis industry. The Company recently announced the successful acquisition of a groundbreaking design-build contract with a prominent U.S.-based multi-state cannabis cultivation and retail dispensary operator. This partnership is set to revolutionize the industry by implementing cutting-edge cultivation techniques and maximizing operational efficiency.Under the auspices of this landmark agreement, urban-gro will e...
Sources:
Urban Gro Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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