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Existential event
Time-sensitive event — see the red-flag panel below for the source-quoted detail.
Red Flags Detected
- Debt Default (new) — Company was in default on approximately $1.94 million loan as of April 10, 2026.
urban-gro defaults on $1.94M loan, debt jumps to $2.8M under forbearance deal
Filed April 24, 2026 · Period ending April 20, 2026 · ~1 min read
Key Changes
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Company was in default on $1.94M loan as of April 10, 2026. New lender Hudson agreed to forbear enforcement until April 30, 2026, but default remains active and Hudson can pursue all remedies after forbearance ends.
Item 1.01 verify on EDGAR → -
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Loan balance increased from $1.94M to $2.8M—a roughly $860K jump—due to capitalized forbearance fees and expenses. This significantly increases the company's debt burden in exchange for temporary relief.
Item 1.01 verify on EDGAR → -
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Company will issue common stock to Hudson in exchange for reducing part of the loan balance. This debt-for-equity swap will dilute existing shareholders while lowering debt obligations.
Item 3.02 verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jun 2, 2026 · How we verify