urban-gro Faces Lawsuit Over Loan Agreement
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urban-gro, Inc. faces a lawsuit from Grow Hill, LLC over a $2.1 million secured loan agreement, alleging breach of contract and fraud due to missed payments. The company is exploring options to resolve the lawsuit and defend against the fraud claims. Analyst ratings for UGRO stock vary, with a recent Buy rating and a $3.00 price target, but Spark's AI Analyst rates it as Underperform due to financial challenges and risks of Nasdaq delisting. The current market cap is $5.08 million, with a trading volume of 9,421,017.
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