Urban-gro Inc. UGRO stock was up 12.6% in premarket trading on Wednesday after the controlled environment agriculture construction specialist said it won $3 million in contracts from four clients in the cannabis space. The contracts include architecture and design, engineering, and equipment integration services in the U.S. and Europe. Urban-gro plans to recognize revenue for these projects over its next three quarters.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

A note to our visitors

This website has updated its privacy policy in compliance with changes to European Union data protection law, for all members globally. We’ve also updated our Privacy Policy to give you more information about your rights and responsibilities with respect to your privacy and personal information. Please read this to review the updates about which cookies we use and what information we collect on our site. By continuing to use this site, you are agreeing to our updated privacy policy.