Derrick (@Derrick_L)

Thesis: #ReverseSplit candidate, followed by a delisting to the #Pinksheets. #UrbanGro $UGRO has fallen from $105 per share on February 21, 2021 to $1.34 per share today / March 28, 2024. That's a decline of 98.3%, meaning that investors in 2021 are wiped out permanently as a direct result of corporate mismanagement. Year-over-Year revenue declined by 13.3% to $15.0 million as compared to $17.3 million in the same period last year. Operating expenses rose 3% to $6.4 million as compared to $6.2 million in the same period last year due to increased legal expenses. The Company's credit line is being tapped. As of December 31 2023, the Company had $1.1 million in cash and $2.5 million drawn on its $10 million revolving credit facility. https://www.accesswire.com/847481/urban-gro-inc-reports-2023-financial-results-and-provides-outlook-on-2024-performance