Growgeneration Corp Stock Price, News & Analysis

GrowGeneration (NASDAQ: GRWG), the largest specialty retailer of hydroponic and organic gardening products in the US, has announced a significant international expansion through two key initiatives. First, the company has partnered with V1 Solutions, a Macedonia-based firm, to distribute its proprietary product lines across the European Union. The expansion targets key markets including Germany, Portugal, Malta, Luxembourg, Netherlands, Czech Republic, Greece, and Macedonia, capitalizing on the evolving cannabis legalization landscape. Second, GrowGen has established a presence in Costa Rica, marking its entry into Central America where over 50 hemp and cannabis production licenses have been issued in the past year. The company will offer its proprietary brands including Drip Hydro, Char Coir, Ion Lighting, Power Si, and The Harvest Company to commercial cultivators, garden centers, and licensed operators in these regions.

GrowGeneration Corp (NASDAQ: GRWG), the largest specialty retailer of hydroponic and organic gardening products, has acquired Viagrow, a domestic supplier of gardening and hydroponic equipment. Viagrow, founded in 1998 in Athens, Georgia, generates $3 million in annual revenue and distributes products through major retailers like Home Depot, Lowe's, Walmart, and Amazon. The acquisition aims to expand GrowGen's presence in home gardening and big box retail segments. The deal is expected to be accretive to gross margins in FY2025, supporting GrowGen's goal of achieving 30%+ margins through private-label expansion. The strategic move strengthens GrowGen's omni-channel strategy, enhances e-commerce performance, and provides a platform for expanding proprietary brands into mass retail.

GrowGeneration Corp. (NASDAQ: GRWG), the leading specialty retailer of hydroponic and organic gardening products in the US, announced its participation in the upcoming Benzinga Cannabis Capital Conference from June 8-10, 2025, in Chicago. CEO and Co-Founder Darren Lampert, along with President & Co-Founder Michael Salaman, CFO Greg Sanders, and VP of Sales Matthew Koch will represent the company. Notably, Lampert and Koch will join a panel discussion titled 'Can the Sun Compete with the Socket? Greenhouse vs Indoor in the Fight for Premium Pricing' on June 10 at 4:20 p.m. CT. The company will also be available for one-on-one meetings during the conference.

GrowGeneration Corp. (NASDAQ: GRWG), the leading specialty hydroponic and organic gardening retailer in the US, has announced its participation in the upcoming virtual Oppenheimer Consumer Growth and E-Commerce Conference. The event will take place from June 9-11, 2025. CEO and Co-Founder Darren Lampert will engage in a Fireside Chat on June 9 at 9:00 AM ET. Investors can access the chat through GrowGen's IR website or a direct webcast link. The company will also be available for one-on-one meetings during the conference, which interested parties can schedule through Oppenheimer representatives or by contacting GrowGen directly.

GrowGeneration Corp. (NASDAQ: GRWG) has announced that its MMI Storage Solutions division has launched a new mobile package and luggage storage system exclusively designed for Waldorf Astoria Hotels. The custom-engineered solution features high-density mobile carriages with Lyon shelving in Hilton blue, combining functionality with luxury aesthetics to enhance the guest experience.

The system aims to streamline luggage management operations from guest arrival through checkout, providing hotel staff with an efficient and secure storage solution. Initial implementation has shown improvements in operational flow and efficiency. Following this success, GrowGeneration plans to expand similar solutions to other luxury hospitality partners in the upcoming year.

GrowGeneration (NASDAQ: GRWG) reported Q1 2025 financial results with net sales of $35.7 million, down from $47.9 million in Q1 2024, primarily due to the closure of 19 retail locations. Notable highlights include: - Proprietary brand sales increased to 32.0% of Cultivation/Gardening sales (up from 22.6%) - Gross profit margin improved to 27.2% (up from 25.8%) - Net loss of $9.4 million (compared to $8.8 million loss in Q1 2024) - Strong balance sheet with $52.6 million in cash/equivalents and no debt - Operating expenses decreased 17.3% to $8.8 million The company withdrew its full-year 2025 guidance due to macroeconomic uncertainties but expects Q2 2025 revenue to exceed $40 million. GrowGen maintains 31 retail locations across 12 states and is transitioning to a regional fulfillment center model.

GrowGeneration's MMI Storage Solutions has launched an innovative Mobile Golf Bag System at Bonita Bay Club, Florida's largest member-owned golf facility. The system revolutionizes golf bag storage operations, managing over 2,800 bags daily across five world-class golf courses.

The new mobile system offers a space-saving alternative to traditional static racking, featuring smooth-glide carriages, ergonomic handles, and customizable layouts. Designed for durability and accessibility, it helps country clubs accommodate growing memberships while maintaining service quality.

Bonita Bay Club, established in 1985, is a prestigious Platinum Club featuring courses designed by Tom Fazio (Cypress and Sabal) and Arthur Hills (Bay Island, Creekside, and Marsh). The MMI system demonstrates the company's commitment to providing intelligent storage solutions for the hospitality and recreation industry.

GrowGeneration (NASDAQ: GRWG), the nation's largest specialty hydroponic and organic gardening retailer, has announced its upcoming first quarter 2025 earnings release schedule. The company will disclose its financial results for Q1 ending March 31, 2025, after market close on Thursday, May 8, 2025.

A live earnings conference call will follow at 4:30 p.m. ET. Participants can join via phone using 1-(888)-699-1199 (domestic) or 1-(416)-945-7677 (international) with conference code 52172. The call will also be available via webcast through the company's Investor Relations website, with a replay accessible for approximately 90 days.

GrowGeneration (NASDAQ: GRWG) has officially launched its B2B Pro Portal, an advanced e-commerce platform designed to enhance procurement efficiency for commercial cultivators and retailers. The platform features real-time inventory management, automated quoting, and direct ordering capabilities.

The new portal enables large-scale cultivators, greenhouse operations, and vertical farms to streamline their ordering process with features including:

• Real-time inventory and bulk pricing access
• Self-service quote generation and ordering
• Customized account management with personalized pricing
• Integrated shipping options and flexible financing solutions

According to CEO Darren Lampert, the platform represents a significant step in GrowGen's digital transformation strategy, focusing on B2B customers while driving operational efficiencies to reduce expenses and improve profitability. The portal was soft-launched in Q4 2024 and has already received positive customer feedback.