Urban-Gro Inc. Announces Intent to Sell 2WR Subsidiary to CM Capital Management
Reuters
Aug 14
Urban-Gro Inc. Announces Intent to Sell 2WR Subsidiary to CM Capital Management
Urban-Gro Inc. has announced that it has entered into a non-binding letter of intent with CM Capital Management for the proposed sale of its architectural design subsidiary, 2WR of Georgia, Inc. The transaction involves the transfer of all assets of 2WR. Urban-Gro has received a refundable deposit of $500,000, with additional cash expected at closing and upon meeting certain earn-out milestones. The sale is part of Urban-Gro's strategy to streamline operations and align with strategic growth priorities. Final terms are yet to be determined, pending negotiation, execution of definitive agreements, and due diligence.
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