GrowGeneration Corp. reports news on its specialty products business for controlled environment agriculture, commercial cultivation and retail garden centers. The company sells nutrients, additives, growing media, lighting, environmental control systems, benching and racking through retail stores, an online superstore, wholesale distribution and commercial sales.
Recurring updates cover quarterly and annual financial results, proprietary brand penetration, retail and distribution activity, and product introductions under brands such as Char Coir, Drip Hydro, Power Si, Ion lights, The Harvest Company and Viagrow. Company news also includes industry conference participation, commercial cultivation education, and developments in its MMI Storage Solutions benching, racking and storage operations.
GrowGeneration Corp (NASDAQ: GRWG) has acquired Agron.io, a leading wholesale agriculture platform, enhancing its commercial services for growers. The acquisition is expected to generate $20 million in revenue for GrowGen in 2021. Agron.io offers a wide range of products and advanced ERP technology, enabling real-time management and logistics for commercial growers. This marks GrowGen's eighth acquisition in 2021, following a record revenue announcement of $192 million for 2020, up 140% from 2019, and an increase in its 2021 revenue guidance to $335-$350 million.
GrowGeneration Corp (NASDAQ: GRWG) has acquired Agron.io, a leading wholesale agriculture platform designed for commercial growers. This acquisition allows GrowGen to enhance its service offerings, providing a one-stop solution for purchasing and logistics management. Agron.io boasts over 10,000 products available with real-time inventory updates and competitive pricing. The company anticipates that Agron.io will contribute $20 million in revenue this year. Following a record earnings quarter, GrowGen also raised its 2021 revenue guidance to between $335 million and $350 million.
GrowGeneration Corp (NASDAQ: GRWG) has acquired Aquarius Hydroponics, expanding its footprint in the hydroponics sector to Massachusetts, its 12th state. With annual revenues nearing $5 million, Aquarius Hydroponics is a leading hydroponics retailer in New England. This acquisition aligns with GrowGen's strategy to invest in top hydroponic suppliers in emerging markets, particularly the Massachusetts cannabis industry, projected to reach $1 billion in 2021. Following this acquisition, GrowGen operates 52 stores and anticipates revenues of $335 million to $350 million in 2021.
GrowGeneration Corp (GRWG) has expanded its presence by acquiring Aquarius Hydroponics, a leading retailer in New England's hydroponics market, marking its entry into Massachusetts. With this acquisition, GrowGen now operates 52 stores across 12 states. Aquarius Hydroponics, offering a diverse range of gardening supplies, generates annual revenues of around $5 million. This acquisition aligns with GrowGen's strategy in emerging adult-use cannabis markets. For 2021, GrowGen forecasts revenues between $335 million and $350 million.
GrowGeneration Corp (NASDAQ: GRWG) announced its acquisition of 55 Hydroponics, a leading hydroponic and organic fertilizer store in Santa Ana, California. This brings GrowGen's total locations to 51, with 18 in California, enhancing its presence in the largest cannabis market. 55 Hydroponics, generating nearly $10 million in annual revenue, will bolster GrowGen's offerings and customer base in Southern California. Following record earnings, GrowGen raised its 2021 revenue guidance to between $335 million and $350 million.
GrowGeneration Corp. (NASDAQ: GRWG) has announced the acquisition of 55 Hydroponics, a prominent hydroponic and organic fertilizer retailer in Santa Ana, California. This acquisition increases GrowGen's total locations to 51, with 18 in California's lucrative cannabis market. With annual revenues nearing $10 million, 55 Hydroponics enhances GrowGen's presence in Southern California. The company's recent performance includes fourth-quarter revenues of $61.5 million, leading to a full-year revenue of $192 million, a 140% increase from 2019. GrowGen has raised its 2021 revenue guidance to $335-$350 million.
GrowGeneration Corp (NASDAQ: GRWG) announced its acquisition of Char Coir, a leading provider of RHP-certified growing mediums made from high-grade coconut fiber. This strategic move aims to enhance GrowGen's private label portfolio, with the acquisition expected to generate over $15 million in revenue for 2021. Following a record year with $192 million in revenue for 2020, GrowGen has raised its revenue guidance for 2021 to between $335 million and $350 million. The company plans to expand to 55 garden centers by year-end.
GrowGeneration Corp (NASDAQ: GRWG) has acquired Char Coir, a leading RHP-certified growing medium made from premium coconut fiber, enhancing its private label portfolio. Char Coir's products are biodegradable and projected to add over $15 million in revenue in 2021. Following a record earnings quarter, GrowGen reported $61.5 million in Q4 revenues and raised its 2021 revenue guidance to between $335 million and $350 million. The acquisition aligns with GrowGen's mission to expand its market presence and product offerings in the hydroponic sector.
GrowGeneration Corp (NASDAQ: GRWG) has announced the addition of two new locations in Los Angeles County, California, significantly enhancing its retail and distribution capabilities. The new sites will add 122,000 square feet to its operations, bringing the total to nearly 800,000 square feet across 52 locations nationwide. Following a strong financial performance with $192 million in revenue for 2020, marking a 140% increase from the previous year, GrowGeneration has raised its 2021 revenue guidance to $335 million - $350 million.
GrowGeneration Corp (NASDAQ: GRWG) has announced the opening of two new Super Hydroponic Garden Centers in Los Angeles County, totaling 122,000 square feet. This expansion increases their retail and distribution space to nearly 800,000 square feet across 52 locations. The company reported fourth-quarter revenues of $61.5 million for 2020, totaling $192 million for the year, a 140% increase from 2019. Additionally, they raised their revenue guidance for 2021 to between $335 million and $350 million, with plans for 55 locations by year-end.