Urban-Gro Inc. has entered into a Settlement and Release Agreement with J Brrothers LLC and Herb-a-More LLC, addressing a dispute concerning payments for HVAC equipment. As part of the agreement, Urban-Gro issued a promissory note to J Brrothers with a principal amount of $395,556 and 150,000 unregistered shares of common stock. The note, which accrues interest at an annual rate of 12%, will be repaid over eight months, with monthly installments of $50,000 and a final payment of $64,046.95. The note is set to mature on March 18, 2026, and includes a default interest rate of 17%. The transaction was conducted under exemptions from registration requirements, as J Brrothers is an accredited investor.
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: 0001213900-25-075804), on August 13, 2025, and is solely responsible for the information contained therein.