urban-gro, Inc. Announces Amendment to Credit Facility

Amended Terms Provide Greater Financial Flexibility by Removing Demand Function and Extending Maturity Date through to End of 2021

urban-gro, Inc. (OTCQX: UGRO) (“urban-gro” or the “Company”), a leading engineering design services company that integrates complex equipment systems into high-performance indoor cultivation facilities for the global commercial horticulture market, is pleased to announce an amendment to its existing credit facility (the “Credit Facility”) with the lender (the “Lender”).

The amended terms of the Credit Facility include, among other things, the removal of the ability for the Lender to demand payment at any time (absent an event of default), an extension of the maturity date from February 21, 2021 to December 31, 2021,and the introduction of an amortization feature where the Company will begin to make regular payments against the facility.

“We are very pleased that we were able to align the terms of our Credit Facility with the needs of the Company. As we were able to continually meet all covenants of the facility since signing earlier this year in February, this amendment is a testament to the close working relationship we have with our Lender and will enable urban-gro to confidently begin building on its 2021 strategic plan,” said Bradley Nattrass, CEO and Chairman of urban-gro.

“In a time of economic challenges for nearly every industry, and while we believe the amended terms with our Lender indicate a strengthening of our financial position, pursuing new opportunities while also focusing on positive cash flow and profitability continue to be urban-gro’s top priorities. Building on the Company’s performance to date, we will now start focusing on further strengthening our balance sheet, including through a staged reduction of our debt load,” said Dick Akright, Chief Financial Officer of urban-gro.

About urban-gro, Inc.

urban-gro, Inc. (OTCQX: UGRO) is a leading engineering design services company that integrates complex equipment systems into high-performance indoor cultivation facilities for the global commercial horticulture market. Our custom-tailored, plant-centric approach to design, procurement, and integration provides a single point of accountability across all aspects of indoor growing operations. We also help our customers achieve operational efficiency and economic advantages through a full spectrum of professional services focused on facility optimization, and integrated pest management programs that promote environmental health. In every engagement, our unwavering focus is on solutions that ensure success. Visit www.urban-gro.com to learn more.