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Urban-gro amends loan, raises principal balance to $2.8 million under forbearance deal

PUBT·04/24/2026 20:58:39
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Urban-gro amends loan, raises principal balance to $2.8 million under forbearance deal
  • Urban-gro entered Forbearance Agreement with Hudson Global Ventures on April 20, 2026, covering defaulted loan obligations of about $1.94 million as of April 10, 2026.
  • Forbearance runs through earlier of April 30, 2026 or specified termination events.
  • Loan principal was increased to $2.8 million, including a forbearance fee capitalized into balance.
  • Hudson also signed Exchange Agreement to reduce part of outstanding loan balance in return for issuance of Urban-gro common shares.
  • Grow Hill assigned its lender position under existing loan documents to Hudson on or about April 20, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Urban-Gro Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-047598), on April 24, 2026, and is solely responsible for the information contained therein.