Urban-Gro Secures $2.1 Million Loan from Grow Hill LLC

Reuters

2025/10/21

Urban-Gro Secures $2.1 Million Loan from Grow Hill LLC

Urban-Gro Inc. previously entered into an asset-based term loan agreement with Grow Hill, LLC, under which the lender extended a secured loan of $2.1 million to the company, with an additional $100,000 origination fee added to the loan amount. The loan is evidenced by a secured promissory note and is backed by certain assets of Urban-Gro Inc., excluding its subsidiaries' assets. Recently, Grow Hill, LLC filed a lawsuit against Urban-Gro Inc., alleging breach of contract and fraud, claiming that the company defaulted by failing to make timely payments. As a result, the lender has accelerated all amounts due under the note, including a default fee of 1% of the outstanding principal. Urban-Gro Inc. is currently reviewing its options to resolve the matter and plans to defend itself against the fraud allegation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Urban-Gro Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-100408), on October 20, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Urban-Gro Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-100408), on October 20, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4152","symbol_name":"农用农业机械","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251020:nNDL103yq4:1","article_id":"2577894351","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577894351","pubTimestamp":1761000423,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Urban-Gro Inc. previously entered into an asset-based term loan agreement with Grow Hill, LLC, under which the lender extended a secured loan of $2.1 million to the company, with an additional $100,000 origination fee added to the loan amount. 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