Urban-Gro enters non-binding LOI for sale of 2WR subsidiary
Proposed Sale Agreement: urban-gro has entered a non-binding letter of intent with CM Capital Management for the sale of its architectural design subsidiary, 2WR of Georgia, involving a refundable deposit of $500,000.
Transaction Conditions: The deal is contingent upon final negotiations, execution of definitive agreements, customary closing conditions, and due diligence by both parties.
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Quantum Computing Stocks Surge Over 23%; Check Out 20 Premarket Movers
Quantum Computing Inc. Performance: Quantum Computing Inc. shares surged 23.5% in pre-market trading after reporting better-than-expected Q3 earnings of 1 cent per share, compared to a projected loss of 6 cents, and sales of $384,000, exceeding expectations of $116,667.
Other Notable Gainers: WeShop Holdings Limited saw a dramatic increase of 98.6% to $60.00, while MSP Recovery, Genius Group, and Repare Therapeutics also experienced significant gains in pre-market trading.
Major Losers: Taitron Components Incorporated fell 39.5% to $1.27 after announcing a quarterly loss and voluntary delisting, while Sonder Holdings Inc. declined 28.6% following a Chapter 7 bankruptcy filing.
Market Overview: The pre-market trading session showed a mix of gains and losses among various stocks, with notable fluctuations in share prices following recent earnings reports and corporate announcements.
3 Penny Stocks to Keep an Eye on This Week, 9/4/25
Penny Stocks to Watch: Senmiao Technology, BT Brands, and Urban-gro Inc. are highlighted as top penny stocks to monitor on September 4, 2025, based on their high Dollar Volume and significant stock price increases.
Senmiao Technology: The Chinese tech company saw a 61% stock price surge with a Dollar Volume of $668.75 million, driven by speculation around AI-driven urban mobility and potential partnerships, despite no specific news.
BT Brands: The fast-food company experienced a nearly 64% stock price increase and a Dollar Volume of $318.87 million following the announcement of a merger with Aero Velocity, which will focus on drone and AI technology.
Urban-gro Inc.: The indoor farming specialist's stock rose by 48% with a Dollar Volume of $161.24 million after announcing a $2 million asset sale and measures to address Nasdaq compliance issues, enhancing investor confidence.
