8 Best Vertical Farming and Hydroponic Stocks to Invest In

6) urban-gro, Inc. (NASDAQ:UGRO)

Number of Hedge Fund Holders: 2

urban-gro, Inc. (NASDAQ:UGRO) focuses on offering integrated facilities solutions for indoor growing environments, which are foundational to modern vertical farming and hydroponics. While the company has established a strong foothold in the cannabis sector, it has been actively diversifying into other high-growth markets as well. Vertical farming of leafy greens, herbs, and berries continues to experience strong demand as a result of urbanization and sustainability concerns, which should support its growth prospects.

urban-gro, Inc. (NASDAQ:UGRO) is well-placed to fuel growth in the indoor growing environments sector with the help of its expertise, expansion of its offerings, and alignment with industry trends. Furthermore, the application of controlled environment agriculture (CEA) in producing medicinal plants and other biotech solutions provides new opportunities. As per Wall Street, urban-gro, Inc. (NASDAQ:UGRO) can support specialty crops such as exotic herbs or rare plants with the help of its hydroponic expertise, which should aid its growth prospects.

Next, the growth of the cannabis industry should act as a significant driver for the company’s business prospects. This is because urban-gro, Inc. (NASDAQ:UGRO) has positioned itself as a leading provider of controlled environment agriculture (CEA) solutions suited for cannabis cultivation. On a related note, urban-gro, Inc. (NASDAQ:UGRO) announced the launch of its new Processing and Extraction Division. In lieu of further expanding its sector offering, this strategic expansion delivers cutting-edge solutions designed to optimize cannabis facilities for post-harvest operations.