urban-gro, Inc.

Flash Sports & Media Holdings, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on September 28, 2026. Stockholders will vote on key proposals including the election of five directors, ratification of Suri & Co. as the independent auditor, an advisory vote on executive compensation, and the approval of an amended equity incentive plan. The Board recommends voting 'FOR' all proposals, and recent changes to the Board of Directors were also noted.

Flash Sports & Media Holdings, Inc. (formerly urban-gro, Inc.) reported a net loss of $11.33 million for the six months ended June 30, 2026, compared to a $10.24 million loss in the prior year. The company completed its merger with Flash Sports & Media, Inc. and pivoted its business from controlled environment agriculture to sports, media, and experiential marketing, focusing on the Lanka Premier League. The company also issued a going concern warning due to recurring losses and negative cash flows, despite recent financing activities.

Flash Sports & Media Holdings highlighted a live shareholder interview with its Chairman, Suren Ajjarapu, on Floorstocks. Mr. Ajjarapu outlined the company's strategy for building sports and media assets, detailing current revenue generation through its subsidiary Innovative Production Group FZ, LLC, which holds Lanka Premier League broadcast rights, and the FLASHSM direct-to-consumer streaming app. He also discussed plans to launch additional international T20 leagues in Malaysia, Zimbabwe, and Singapore, emphasizing the company's cricket-focused growth strategy and long-term value creation.

Flash Sports & Media Holdings, Inc. has entered into a non-binding term sheet to acquire a 51% controlling interest in Bongo Holdings Pte Ltd, a South Asian digital media platform. The proposed acquisition values Bongo at $35.0 million pre-money, with an aggregate closing consideration of approximately $25.7 million, comprising 60% cash and 40% equity. This strategic move aims to integrate Bongo's streaming technology and extensive distribution network, which reaches over 300 million viewers and generates about $10 million in revenue, into Flash Sports & Media's global sports and media ecosystem.

Flash Sports & Media Holdings, Inc., formerly urban-gro, Inc., filed an S-1/A registration statement to register up to 62,670,547 shares of common stock for resale by selling stockholders. These shares originate from various corporate actions, including the merger with Flash Sports and Media, Inc. completed on February 17, 2026, a consulting agreement, and financing instruments like warrants and convertible notes. The company, which transitioned into a diversified sports, media, and experiential marketing platform, will not receive any proceeds from the sale of these shares by the selling stockholders.

Flash Sports & Media Holdings, Inc. launched "FLASHSM," a direct-to-consumer mobile application for live and on-demand cricket content and fan engagement, available in North America. This strategic move aims to build a leading cricket-focused sports and media platform. Concurrently, three directors, including Chairman Bradley Nattrass (who remains CEO), David Hsu, and James Lowe, resigned from the Board. The company appointed Gary Herman, Rahul Johri, and Surendra Ajjarapu as new directors, with Mr. Herman also taking on the role of Chair of the Audit Committee.

Flash Sports & Media Holdings, formerly urban-gro, Inc., completed its merger with Flash Sports & Media, Inc. on February 17, 2026, and subsequently changed its name on June 12, 2026. The company has pivoted its core business from Controlled Environment Agriculture to a diversified sports, media, and experiential marketing platform. This S-1 filing registers up to 62,670,547 shares of common stock for sale by selling stockholders, including shares from preferred stock conversions, consulting agreements, and warrant/note exercises.

Flash Sports & Media Holdings, Inc. announced the planned launch of the Zimbabwe T20 League (ZT20), a new professional franchise T20 cricket league. The league is tentatively scheduled to debut in October and November 2026, developed through its subsidiary IPG in partnership with Zimbabwe Cricket. The launch is subject to various conditions including definitive documentation, required approvals, venue and player availability, and financing, aiming to combine elite competition and expand the company's presence in the African market.

Flash Sports & Media Holdings, Inc. has released an investor presentation outlining its strategic plans and growth initiatives. The company aims to build a global T20 league network by consolidating content rights and developing owned distribution channels. This strategy involves replicating a proven league-development model, anchored by the Lanka Premier League, across key markets in Asia and Africa, including Sri Lanka, Malaysia, Singapore, and Zimbabwe. The company plans a phased approach to distribution, moving from rights consolidation to launching a linear channel and eventually an owned platform, supported by a multi-stream revenue model.

Flash Sports & Media Holdings, Inc. entered into a Securities Purchase Agreement with FirstFire Global Opportunities Fund, LLC to issue a convertible promissory note with a principal amount of $880,000 for a purchase price of $800,000. The company also issued 10,000 common shares as commitment shares. The note carries a 10% annual interest rate and matures in 12 months, with an initial conversion price of $5.00 per share, subject to a 4.99% beneficial ownership limitation. The proceeds are designated for business development and general working capital.