Certain subsidiaries of urban-gro, Inc. have sold specific customer lists to 2WR of Georgia, Inc. for $143,000 in cash, according to a recent company filing. As part of the agreement, the parties have also agreed to waive and terminate a previously existing non-solicitation provision that applied to the buyer. The arrangement includes non-competition and non-solicitation restrictions for the seller parties, as well as customary representations, warranties, and covenants. The seller parties will provide indemnification to the buyer against certain losses related to breaches of agreement terms, prior business operations, and specified tax and employment matters.
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