urban-gro Receives Additional Nasdaq Delisting Notice After Missing Q3 10-Q Filing As Panel Reviews Multiple Compliance Deficiencies

urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company") today announced that it has received a determination letter (the "Letter") from The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that its failure to timely file its Quarterly Report on Form 10-Q for the period ended September 30, 2025 constitutes an additional basis for delisting the Company's securities under Nasdaq Listing Rule 5250(c)(1) (the "Timely Filing Requirement").

As previously disclosed, on October 30, 2025, a Nasdaq Hearings Panel (the "Panel") granted the Company's request to continue its listing on The Nasdaq Capital Market, conditioned upon the Company regaining compliance with the Timely Filing Requirement and Nasdaq Listing Rule 5550(b)(1), which requires the Company to maintain minimum stockholders' equity of $2.5 million (the "Stockholders' Equity Requirement") on or before December 31, 2025, and regaining compliance with Nasdaq Listing Rule 5550(a)(2), which requires the Company's common stock to have a bid price of at least $1.00 per share (the "Bid Price Rule"), on or before January 28, 2026. The Letter states that the Panel will consider the additional deficiency in its decision regarding the Company's continued listing and has requested that the Company present its views in writing by November 25, 2025. The Company intends to make such submission by the requested date.

There can be no assurance that the Company will be able to regain compliance with the Bid Price Rule, the Timely Filing Requirement, or the Stockholders' Equity Requirement, or otherwise satisfy the requirements for continued listing under applicable Nasdaq Listing Rules.