Thunder Rock Capital Serves as Exclusive Placement Agent

TAMPA, FL / ACCESS Newswire / April 21, 2026 / Thunder Rock Capital LLC ("Thunder Rock Capital"), a leading investment banking firm specializing in M&A, capital markets, and structured finance, served as exclusive placement agent to urban-gro Inc. (Nasdaq:UGRO) (the "Company") in connection with a private placement totaling up to $2.775 million, expected to generate approximately $2.525 million in gross proceeds.

The financing was structured as a secured, convertible promissory note, providing the Company with capital to support both near-term execution and longer-term strategic initiatives. Additional details regarding the transaction are available in the Company's Form 8-K filed with the U.S. Securities and Exchange Commission.

The Company intends to use the net proceeds to expand its presence across sports, media, and experiential platforms, including potential acquisitions, league operations, and licensing opportunities. A key focus includes pursuing opportunities tied to the Lanka Premier League (LPL), positioning the Company to participate in the continued global growth of cricket and expand engagement across international and U.S. audiences. Proceeds will also support working capital and provide flexibility to execute on strategic partnerships and future transactions.

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