Controlled environment agriculture construction company Urban-gro’s stock rallies as it wins cannabis contracts

Urban-gro Inc.
UGRO,
-4.51%
stock was up 12.6% in premarket trading on Wednesday after the controlled environment agriculture construction specialist said it won $3 million in contracts from four clients in the cannabis space. The contracts include architecture and design, engineering, and equipment integration services in the U.S. and Europe. Urban-gro plans to recognize revenue for these projects over its next three quarters.