Welcome to our dedicated page for GROW GENERATION news (Ticker: GRWG), a resource for investors and traders seeking the latest updates and insights on GROW GENERATION stock.
GrowGeneration Corp. (symbol: GRWG) is a leading company in the United States that owns and operates retail hydroponic and organic gardening stores. The company specializes in the marketing and distribution of a wide range of horticultural, organic, lighting, and hydroponic products. These include lighting fixtures, nutrients, seeds, growing media, systems, trays, fans, filters, humidifiers and dehumidifiers, timers, instruments, water pumps, irrigation supplies, and hand tools.
Founded with a vision to support commercial and urban cultivators, GrowGeneration has established itself as a go-to resource for those growing specialty crops, including organics, greens, and plant-based medicines. As of March 27, 2020, the company operated 27 retail and commercial hydroponic/gardening centers, spanning multiple states such as Colorado, California, Michigan, Nevada, Washington, Oregon, Oklahoma, Rhode Island, Maine, and Florida.
In addition to its brick-and-mortar locations, GrowGeneration also operates an e-commerce store, growgen.pro, which offers an extensive selection of products to meet the needs of growers nationwide. The company caters to a diverse customer base, from hobbyist gardeners to large-scale commercial operations.
GrowGeneration Corp. is divided into two primary segments. The Cultivation and Gardening segment focuses on the core business of hydroponic and organic gardening products, while the Storage Solutions segment provides benching, racking, and storage solutions, ensuring efficient space utilization for growers.
With a commitment to innovation and quality, GrowGeneration continues to expand its footprint and enhance its product offerings. The company has formed strategic partnerships and continually invests in new technologies to better serve its customers. These efforts have positioned GrowGeneration as an industry leader in the fast-growing market for hydroponic and organic gardening supplies.
Financially, the company has shown robust growth, leveraging its extensive network of retail and online platforms to drive sales and profitability. Recent achievements include the expansion of its retail locations and the introduction of new product lines that cater to the evolving needs of modern cultivators.
Stay updated with the latest news and developments from GrowGeneration Corp. as the company continues to innovate and lead the way in hydroponic and organic gardening solutions.
GrowGeneration Corp. (NASDAQ: GRWG), a leader in specialty hydroponic and organic gardening stores, has announced its participation in several upcoming virtual investment conferences. On September 29, the company will hold one-on-one meetings with institutional investors. Co-founder and CEO Darren Lampert will join two panels: one on cannabis legalization on October 6, and another discussing the cannabis ancillary space on October 7. GrowGeneration currently operates 28 locations across the U.S. and aims to expand its market presence as the hydroponics system market is projected to reach $16 billion by 2025.
GrowGeneration Corp. (NASDAQ: GRWG) announced its participation in upcoming virtual investment conferences, enhancing visibility in the market. Key events include the AGP Consumer Cannabis Virtual Conference on September 29, 2020, and the Roth Capital Virtual Panel on October 6, 2020, featuring Co-founder and CEO Darren Lampert. Additionally, GrowGen will join the Jefferies Virtual Cannabis Summit on October 7, 2020. With 28 locations across the U.S., GrowGen aims to capture a share of the projected $16 billion hydroponics market by 2025.
GrowGeneration Corp. (NASDAQ: GRWG), the leading chain of specialty hydroponic and organic garden centers, will participate in the Lake Street 4th Annual Best Ideas Growth (BIG4) Conference on September 17, 2020. Management will hold virtual one-on-one meetings with institutional investors on the same day. With 28 stores in various states including Colorado and California, GrowGen aims to dominate the hydroponics market, projected to reach $16 billion globally by 2025. For more details, visit Lake Street.
GrowGeneration Corp. (NASDAQ: GRWG), the largest specialty hydroponic and organic garden center chain, will participate in the Lake Street 4th Annual Best Ideas Growth Conference on September 17, 2020. Management will be available for virtual meetings with institutional investors on that day. GrowGeneration operates 28 stores across various states, including Colorado, California, and Michigan, and runs an online superstore. The company aims to dominate the hydroponic sector, which could reach approximately $16 billion globally by 2025.
GrowGeneration Corp. (NASDAQ: GRWG) announced its participation in the Lake Street 4th Annual Best Ideas Growth Conference on September 17, 2020. Management will engage in virtual one-on-one meetings with institutional investors. GrowGeneration operates 28 stores across various states, including Colorado, California, and Michigan, and serves as a leading supplier of hydroponic and organic gardening products. With a mission to expand its brand, the company caters to both commercial and home growers, supporting the growing hydroponics market projected to reach $16 billion by 2025.
GrowGeneration Corp. (NASDAQ: GRWG) announced on August 21, 2020, that it has identified attempts to fraudulently manipulate its stock. An organization, Hindenburg Research, published false statements regarding the company's officers and directors, aiming to mislead investors and benefit short sellers. GrowGeneration will work with law enforcement and regulators to investigate these claims and intends to take legal action to protect shareholder value. GrowGeneration operates 28 hydroponic and organic gardening stores and aims to expand further in the U.S. and Canada.
GrowGeneration Corp. (NASDAQ: GRWG) announced on August 21, 2020, its discovery of fraudulent stock manipulation attempts by an entity called Hindenburg Research. The organization purportedly published false statements targeting the Company's officers and directors to mislead investors and benefit short sellers. GrowGeneration plans to work with law enforcement and regulators to investigate and prosecute these actions. GrowGeneration operates 28 specialty hydroponic and organic garden centers and aims to defend shareholder value amid these allegations.
GrowGeneration Corp. (NASDAQ: GRWG) reported a record revenue of $43.5 million for Q2 2020, marking a 123% increase year-over-year. Adjusted EBITDA was $4.6 million, up 166%, and net income reached $2.6 million compared to $1.1 million in Q2 2019. The company increased its 2020 revenue guidance to $170-$175 million and set a 2021 revenue forecast of $245-$260 million. Noteworthy achievements include the opening of a new store support center and acquisition of H2O Hydroponics, driving further growth in their hydroponic operations.
GrowGeneration Corp. Expands Presence in Northern California
On August 11, 2020, GrowGeneration (NASDAQ: GRWG) announced the acquisition of Emerald City Garden in Concord, CA, marking its 28th retail location. This acquisition, valued at approximately $4 million in estimated annual sales, enhances GrowGen's footprint in the East Bay region. CEO Darren Lampert emphasized this move strengthens their market position and potential revenue growth, especially given California's thriving cannabis market, projected to reach $5 billion by 2022.
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