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.
On February 1, 2021, GrowGeneration Corp (NASDAQ: GRWG) announced its acquisition of Grow Depot, a two-store chain located in Auburn and Augusta, Maine. This acquisition expands GrowGen's presence in Maine to five locations, enhancing its market position in the state's growing adult-use market. CEO Darren Lampert stated that the Maine market is projected to generate over $20 million in annual revenue for 2021. Following another quarter of record earnings, GrowGen increased its revenue guidance for 2021 to $335-$350 million, with a goal to operate 55 stores by year-end.
GrowGeneration Corp (NASDAQ: GRWG), the leading chain of hydroponic and organic garden centers, has acquired Grow Depot, a two-store chain in Auburn and Augusta, Maine. This acquisition expands GrowGen's presence in Maine to five locations, expected to generate over $20 million in annual revenues for 2021. The company reported record fourth-quarter revenues of $61.5 million, with a full-year revenue of $192 million, up 140% from 2019. GrowGen raised its 2021 revenue guidance to between $335 million and $350 million, aiming for 55 garden centers by year-end.
GrowGeneration Corp (NASDAQ: GRWG) has acquired Indoor Garden & Lighting, a two-store chain in the Seattle and Tacoma area, expanding its total number of locations to 40. The acquisition is expected to generate annual revenues of $10 million, strengthening GrowGen's presence in Washington's growing adult-use market. Following a record fourth-quarter revenue of $61.5 million and a full-year revenue of $192 million, up 140% from 2019, GrowGen has raised its 2021 revenue guidance to between $335 million and $350 million.
GrowGeneration Corp. (NASDAQ: GRWG) reported remarkable preliminary full-year 2020 revenues of $192 million, marking a 140% increase from $80 million in 2019. Fourth-quarter revenue also soared by 142% to $61.5 million. With same-store sales up 63% for the year, the company has raised its 2021 revenue guidance to a range of $335 million to $350 million and adjusted EBITDA guidance to $38 million to $40 million. GrowGeneration aims to expand its operating garden centers to 55 in 2021.
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.