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urban-gro Subsidiary Faces Default on Credit Line

Story Highlights
  • UG Construction received a default notice on July 31, 2025, from Gemini Finance Corp.
  • UG Construction is exploring options to settle a $1.76 million debt to avoid legal action.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
urban-gro Subsidiary Faces Default on Credit Line

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The latest announcement is out from urban-gro ( (UGRO) ).

On July 31, 2025, UG Construction, a subsidiary of urban-gro, Inc., received a notice of default from Gemini Finance Corp. regarding a $10 million line of credit. The default was due to UG Construction’s failure to submit receivables calculations and maintain sufficient eligible accounts. The outstanding amount of approximately $1.76 million is immediately due, with a default interest of 1% per week accruing from June 16, 2025. UG Construction is exploring options to settle the debt to avoid legal action.

The most recent analyst rating on (UGRO) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on urban-gro stock, see the UGRO Stock Forecast page.

Spark’s Take on UGRO Stock

According to Spark, TipRanks’ AI Analyst, UGRO is a Underperform.

urban-gro’s overall stock score is low due to significant financial, technical, and corporate challenges. The company’s negative profitability and weak balance sheet weigh heavily on its financial health. Additionally, technical indicators point to continued downward momentum, with substantial risks from potential Nasdaq delisting adding to investor concerns. While there is some improvement in cash flow, it is overshadowed by persistent financial and operational issues.

To see Spark’s full report on UGRO stock, click here.

More about urban-gro

urban-gro, Inc. operates in the construction industry through its wholly owned subsidiary UG Construction, Inc., which does business as Emerald Construction Management, Inc.

Average Trading Volume: 346,404

Technical Sentiment Signal: Sell

Current Market Cap: $5.32M

For a thorough assessment of UGRO stock, go to TipRanks’ Stock Analysis page.

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