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 (NASDAQ: GRWG) features frequently in news coverage as one of the nation’s largest specialty hydroponic and organic gardening retailers and a supplier of products for controlled environment agriculture (CEA), commercial cultivation, and retail garden centers. Company press releases and SEC filings provide regular updates on its financial performance, proprietary product launches, distribution partnerships, and participation in industry events.
News about GrowGeneration often centers on quarterly financial results, where the company reports net sales, gross margin trends, operating expenses, and the contribution of proprietary brands to Cultivation and Gardening revenue. These releases highlight how private‑label brands such as Char Coir, Drip Hydro, PowerSi, Ion lights, The Harvest Company, and Viagrow influence margins and segment performance.
Another recurring theme in GRWG news is product and technology announcements. For example, the company has announced the launch of Dialed In under‑canopy LED lighting systems and related environmental and fertigation solutions designed for commercial cannabis cultivation. Such stories provide detail on how GrowGeneration develops and markets specialized equipment for indoor, greenhouse, and mixed‑light environments.
GrowGeneration also issues news about wholesale and distribution initiatives, including partnerships that expand the reach of its proprietary brands into additional lawn and garden channels, independent retailers, and national accounts. These items describe how the company’s wholesale and B2B strategy extends beyond its own retail locations and online platforms.
In addition, the company regularly announces its participation in industry conferences and expos in the United States and abroad, where it exhibits cultivation solutions and engages with commercial operators, distributors, and investors. Investors and observers who follow GRWG news can use this page to review these press releases and related updates in one place.
GrowGeneration Corp. (NASDAQ: GRWG) has announced a distribution agreement with Groundwork BioAg to offer DYNOMYCO, a mycorrhizal inoculant formulated for cannabis growers. This expands GrowGen's product portfolio, which is a strategic priority aimed at long-term revenue growth. DYNOMYCO boasts yield increases of 10%-45%, enhances nutrient uptake, and reduces phosphorus fertilizer dependency. Starting October 2021, the product will be available through GrowGen's 62 retail locations and online store.
GrowGeneration Corp (NASDAQ: GRWG) has appointed Eula Adams to its Board of Directors, effective immediately. Adams, former CEO of Neuromonics, Inc., brings extensive experience, having held leadership positions at Sun MicroSystems, First Data, and Deloitte. His background in technology, operations, and finance is expected to enhance GrowGeneration's growth strategy. The company currently operates 62 hydroponic and organic garden centers across the U.S., along with an online superstore. This strategic addition to the board aims to bolster the company's market position.
GrowGeneration Corp (NASDAQ: GRWG) announced the opening of two new hydroponic garden centers in Los Angeles County, California, scheduled for September 24-25, 2021. The new centers will add 122,000 square feet of retail and distribution space, enhancing the company’s reach in the largest hydroponic market in the U.S. The downtown LA location spans 52,000 square feet, while the Long Beach location covers 70,000 square feet. These expansions position GrowGen to better serve commercial indoor cannabis growers in California and strengthen its private label business.
GrowGeneration Corp (NASDAQ: GRWG) announced its participation in several upcoming investment conferences. Key events include:
- Lake Street Capital Markets 5th Annual Best Ideas Growth Conference on September 14, 2021, featuring virtual one-on-one meetings with institutional investors.
- 4th Annual Wells Fargo Consumer Conference on September 22-23, 2021, held at the Ritz-Carlton in Dana Point, California.
- AGP Consumer Cannabis Virtual Conference on October 5, 2021, also featuring virtual meetings.
GrowGen operates 60 retail locations across the U.S. and offers a wide range of hydroponic and organic gardening products.
GrowGeneration Corp (NASDAQ: GRWG), the largest chain of specialty hydroponic and organic garden centers, announced the acquisition of Hoagtech Hydroponics in Bellingham, Washington. This acquisition increases GrowGen's store count to 59 and is expected to generate nearly $15 million in annual revenue from the Washington market. The deal marks GrowGen's 13th acquisition in 2021, as the company raised its 2021 revenue guidance to between $455 million and $475 million, with a goal of operating over 70 garden centers by year-end.
GrowGeneration Corp (NASDAQ: GRWG) will participate in the Canaccord Genuity 41st Annual Growth Conference on August 12, 2021. The event will feature a fireside chat with Darren Lampert, CEO, and Jeff Lasher, CFO, starting at 2:30 PM ET. Management will also hold virtual one-on-one meetings with institutional investors on the same day. GrowGeneration operates 58 specialty hydroponic and organic garden centers across 12 states, making it the largest in its sector. For inquiries, attendees are urged to contact their Canaccord representative.
GrowGeneration Corp. (GRWG) is set to acquire HGS Hydro, the third-largest chain of hydroponic garden centers in the U.S., for approximately $50 million in revenue for 2020. This acquisition will bring GrowGen's total footprint in Michigan to 14 stores, increasing their total to 65 nationwide. The deal is expected to close by fiscal year-end 2021, enhancing GrowGen's market share in a rapidly growing cannabis market. CEO Darren Lampert emphasized the strategic focus on acquiring leading hydroponic operations while also expanding their management team.
GrowGeneration Corp (NASDAQ: GRWG) will announce its second quarter financial results for the period ending June 30, 2021, on August 12, 2021, followed by a live earnings conference call at 9:00 a.m. ET. The call will be accessible via phone or webcast through their Investor Relations page. GrowGen operates 58 specialty hydroponic and organic gardening centers across various states and owns an online superstore for cultivators. Investors are encouraged to participate in the call for insights into the company’s performance.
Fluence, a leader in energy-efficient LED lighting for cannabis and food production, has partnered with GrowGeneration Corp (NASDAQ: GRWG), the largest chain of hydroponic and organic garden centers in the U.S. This collaboration positions Fluence as GrowGen's premier LED horticulture lighting provider, facilitating the distribution of Fluence's advanced cultivation technology through GrowGen's network of over 50 retail locations. The aim is to enhance growers' productivity and reduce costs, leveraging GrowGen's extensive expertise and product range.
GrowGeneration Corp (NASDAQ: GRWG) announced its inclusion in the Russell 2000 Index, effective June 28, 2021. This milestone reflects the company's growth and aims to enhance shareholder value by attracting institutional investors and improving stock liquidity. GrowGeneration operates 55 hydroponic garden centers across the U.S. and has a robust online presence. The Russell Indexes are widely regarded in investment management, with about $10.6 trillion in assets benchmarked against them.
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