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 Rating, $8 price target and projections for urban-gro, as the company continues to register material progress, which we believe will become more obvious going forward.</li><li>Further, while we view the potential for Florida to legalize recreational cannabis as a key positive catalyst, we do not believe it will be the only potential upside driver for urban-gro, as the company has continued to make material progress on the commercial side of the business, leveraging their turnkey services to gain market share and deeper competitive advantages.</li><li>As such, and, we believe, with the company on track to become fully current in their financial filings, we reiterate our Buy rating and $8 price target for UGRO.</li></ul>

We are reiterating our Buy Rating, $8 price target and projections for urban-gro, as the company continues to register material progress, which we believe will become more obvious going forward.Further, while we view the potential for Florida to legalize recreational cannabis as a key positive catalyst, we do not believe it will be the only potential upside driver for urban-gro, as the company has continued to make material progress on the commercial side of the business, leveraging their turnkey services to gain market share and deeper competitive advantages.As such, and, we believe, with the company on track to become fully current in their financial filings, we reiterate our Buy rating and $8 price target for UGRO.

UGRO: Momentum Continues to Build; Reiterate Buy, $8 PT

Urban-Gro

UGRO: Momentum Continues to Build; Reiterate Buy, $8 PT