urban-gro (UGRO) has secured three new contracts with Fogo de Chao. The Company has been awarded a comprehensive construction contract for a new restaurant in Murray, Utah, where they will oversee the entire project lifecycle from preconstruction to post-construction phases. Additionally, the Company has also been awarded two Construction Management contracts, taking a leadership role in overseeing the construction process while acting as the owner’s representative. In this capacity, the Company will define project objectives, deliverables, and timelines to ensure smooth execution for new restaurant locations in Las Vegas, Nevada and Rancho Cucamonga, California. These new agreements build upon urban-gro’s existing portfolio of ongoing projects with Fogo de Chao in Texas and Colorado, demonstrating the client’s continued trust in the Company. Work on all three projects is set to begin immediately, with the bulk of the revenue anticipated to be recognized by the third quarter of 2025.
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