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), the largest chain of specialty hydroponic and organic garden centers, announced participation in the Virtual ICR Conference 2021, scheduled from January 11-14, 2021. CEO Darren Lampert is set to present on January 12 at 11:30 am EST. The conference will also include 1-on-1 meetings with investors. Currently, GrowGen operates 39 stores across multiple states and aims to expand its brand presence. The global hydroponics system market is projected to reach approximately $16 billion by 2025.
GrowGeneration Corp. (NASDAQ: GRWG) has acquired Canopy Crop Management, a leader in silicic acid fertilizers, enhancing its portfolio of private label products. This strategic acquisition aims to boost long-term revenue through innovative formulations and cost-effective organic solutions. The Power SI brand will continue to be offered via Canopy's retail channels, including GrowGeneration's 39 locations. This acquisition marks GrowGen's second in Southern California within a month, following the purchase of Grassroots Hydroponics. The company recently raised $172.5 million to support its growth in the cannabis market.
GrowGeneration Corp (NASDAQ: GRWG) has announced the acquisition of Grassroots Hydroponics, adding three retail locations in Southern California. This expansion increases GrowGen's footprint to 13 stores in California and 39 across the U.S. Grassroots, with annual revenues nearing $20 million, strengthens GrowGen's market presence in a critical region. This acquisition marks GrowGen's seventh for the year and follows record earnings, including Q3 revenues of $55 million and an adjusted EBITDA of $6.6 million. The company has adjusted its revenue guidance for 2021 to between $280 million and $300 million.
GrowGeneration Corp (NASDAQ: GRWG) has completed an upsized public offering of 5,750,000 shares at $30.00 each, raising approximately $172.5 million. This includes the underwriters' option for an additional 750,000 shares. The funds will primarily support the expansion of its hydroponic and organic gardening centers, as well as general corporate purposes. Currently operating 36 locations, GrowGeneration aims for growth through acquisitions and organic development within the hydroponics market, which is projected to reach $16 billion by 2025.
GrowGeneration Corp. (NASDAQ: GRWG) announced the pricing of its underwritten public offering of 5,000,000 shares at $30.00 per share, raising approximately $150 million in gross proceeds. This upsized offering, initially set for $125 million, is expected to close around December 11, 2020. The proceeds will primarily fund the expansion of hydroponic/garden centers and strategic opportunities. Underwriters include Oppenheimer & Co. and Stifel, with an option for an additional 750,000 shares. The offering is filed under an automatic shelf registration statement with the SEC.
GrowGeneration Corp. (NASDAQ: GRWG) announced a proposed follow-on public offering aiming to raise $125 million. The offering will include a 30-day option for underwriters to purchase an additional 15% of the shares offered. Oppenheimer & Co. and Stifel are the joint book-running managers for this offering. This follows an automatic "shelf" registration statement previously filed with the SEC, allowing for the issuance of securities through a prospectus. The use of funds is not detailed in the press release.
GrowGeneration Corp (NASDAQ: GRWG) has completed its acquisition of The GrowBiz, expanding its total store count to 36. The GrowBiz, the third-largest hydroponic garden center chain, contributes nearly $50M in annual revenue and adds locations in California and Oregon. The company reported record earnings last week with third-quarter revenues of $55.0 million and adjusted EBITDA of $6.6 million. GrowGen expects to increase revenues to $280 million-$300 million in 2021, fueled by the cannabis industry's growth and expansion plans.
GrowGeneration Corp. (GRWG) reported record revenues of $55.0 million for Q3 2020, a 153% increase from $21.8 million in Q3 2019. Adjusted EBITDA rose to $6.6 million, up 230% year-over-year, supported by same-store sales of $33.4 million. The company raised its full-year revenue guidance for 2020 to $185-$190 million and for 2021 to $280-$300 million. Notably, cash on hand grew to $55.3 million as of September 30, 2020. The firm also has an active M&A pipeline, with plans to acquire The GrowBiz, enhancing its national footprint.
GrowGeneration Corp (NASDAQ: GRWG) has announced an asset purchase agreement to acquire The GrowBiz, the nation's third-largest chain of hydroponic garden centers, expanding its presence in California and Oregon. The deal, expected to close before the end of fiscal year 2020, is projected to generate annual revenues nearing $50 million. This acquisition will add five new locations, increasing GrowGen's footprint to ten stores in California and two in Oregon. The GrowBiz's leadership will enhance GrowGen's management capabilities moving forward.
GrowGeneration (NASDAQ: GRWG) will announce its third-quarter financial results for the period ending September 30, 2020, on November 11, 2020. A live earnings conference call is scheduled for November 12, 2020, at 9:00 a.m. ET. GrowGeneration operates 31 specialty hydroponic and organic gardening stores across several states, aiming to expand its presence in the US and Canada. The global hydroponics market is projected to reach $16 billion by 2025, indicating growth opportunities for the company.
FAQ
What is the current stock price of Growgeneration (GRWG)?
What is the market cap of Growgeneration (GRWG)?
