LAFAYETTE, Colo., March 14, 2022 (GLOBE NEWSWIRE) — urban-gro, Inc. (NASDAQ:UGRO) (“urban-gro” or the “Company”), a fully integrated architectural, engineering and cultivation systems integration company focused on the indoor Controlled Environment Agriculture (“CEA”) market, today announced that it has signed a definitive agreement to acquire Emerald Construction Management Inc. (“Emerald C.M.”), a 37-year old Colorado-based construction management firm providing comprehensive construction and supervisory services, from initial design through final build-out. Emerald C.M. expects 2021 revenues of $26.5 million and adjusted EBITDA of $1.2 million. The total purchase price for the transaction, inclusive of a maximum $2.0 million contingent earnout, is $7.0 million. urban-gro will fund the transaction with a combination of $2.5 million in cash and up to $4.5 million in equity. The transaction is expected to close within 60 days, pending successful completion of due diligence, and the Company expects the acquisition to be immediately accretive to earnings in 2022.
Canadian National Makes Statement Related To Deal For Kansas City Southern By Canadian Pacific Rail
CN (TSX:CNR, NYSE:CNI) today issued the following statement regarding CN’s proposed, pro-competitive combination with Kansas City Southern (NYSE:KSU) (“KCS”) and Canadian Pacific Railway Limited’s
