Welcome to our dedicated page for Growgeneration news (Ticker: GRWG), a resource for investors and traders seeking the latest updates and insights on Growgeneration stock.
GrowGeneration Corp (GRWG) operates as a leading specialty retailer in hydroponic systems and organic gardening supplies, serving commercial cultivators and urban growers through its national retail network and e-commerce platform. This dedicated news hub provides investors and industry stakeholders with verified updates about the company's strategic developments.
Access official press releases, financial reports, and operational announcements covering GRWG's cultivation solutions, storage innovations, and market expansions. Our curated collection ensures timely access to earnings disclosures, leadership changes, product launches, and partnership agreements while maintaining strict compliance with financial reporting standards.
Key content categories include quarterly financial results, facility openings, technological advancements in indoor farming equipment, and sustainability initiatives. Bookmark this page for direct access to primary-source information about GRWG's position in the horticulture retail sector, without promotional commentary or speculative analysis.
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'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.
GrowGeneration (NASDAQ: GRWG) reported its Q4 and full-year 2024 financial results, with annual net sales of $188.9 million, including proprietary brand sales of $39.5 million. The company's proprietary brand sales increased to 24.2% of cultivation and gardening net sales, up from 18.8% in 2023.
Key financial metrics include a full-year gross profit margin of 23.1%, down from 27.1% in 2023, and a net loss of $49.5 million compared to $46.5 million in 2023. The company ended 2024 with $56.5 million in cash and no debt.
During 2024, GrowGen consolidated 19 retail locations, reducing its footprint to 31 stores across 12 states. For 2025, the company projects revenue between $170-180 million, with Adjusted EBITDA ranging from a $2 million loss to a $2 million profit, and expects gross profit margins of 29-31%.
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