Equity Research Focusing on the Consumer Sector, Small Cap Consumer Research

Small Cap Consumer Research

Equity research on small cap consumer names.

Equity Research Focusing on the Consumer Sector

Small Cap Consumer Research, LLC is a leading company-sponsored equity research provider focusing on the consumer sector (apparel, brand licensing and specialty retailing segments).

Equity Bottom-Up

<ul><li>We are reiterating our Buy recommendation, $8 price target and projections as we look at key trends for 2H2024 and beyond for urban-gro.</li><li>Given the increase in Controlled Environment Agriculture ("CEA") contract momentum, the pending reclassification from a Schedule I to a Schedule III drug for marijuana, the potential for Florida to legalize recreational cannabis on Election Day, and what we believe has been continued demand for commercial services, we believe the potential for top and bottom line upside for the company has continued to increase.</li><li>That said, we have, given urban-gro's prior history and the current valuation, remained conservative in our projections.</li></ul>

We are reiterating our Buy recommendation, $8 price target and projections as we look at key trends for 2H2024 and beyond for urban-gro.Given the increase in Controlled Environment Agriculture ("CEA") contract momentum, the pending reclassification from a Schedule I to a Schedule III drug for marijuana, the potential for Florida to legalize recreational cannabis on Election Day, and what we believe has been continued demand for commercial services, we believe the potential for top and bottom line upside for the company has continued to increase.That said, we have, given urban-gro's prior history and the current valuation, remained conservative in our projections.

UGRO; 2H Signposts: Leaving the CEA Wilderness?; Reiterate Buy, $8 PT

Urban-Gro

UGRO; 2H Signposts: Leaving the CEA Wilderness?; Reiterate Buy, $8 PT