Urban-Gro shares rise 20.82% premarket amid Nasdaq delisting concerns and speculative trading.

Urban-Gro (UGRO) surged 20.82% in premarket trading following a Nasdaq delisting determination and a $24 million cannabis facility contract. The stock’s volatility reflects speculative trading amid regulatory uncertainty, as the company announced a review of strategic alternatives to regain Nasdaq compliance. The recent contract with a Midwest medical cannabis operator provided a short-term catalyst, while broader sector challenges—including un-reauthorized TAAF funding—heightened risk. Traders appear to be betting on a potential resolution to the delisting threat or a rebound in niche contract activity, despite fragile fundamentals. The premarket rally aligns with a prior intraday surge of 49.76%, driven by similar regulatory and sector dynamics.