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 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.
GrowGeneration Corp (NASDAQ: GRWG) has acquired Big Green Tomato, enhancing its presence in Michigan with a total of six locations. Big Green Tomato, a prominent hydroponic equipment retailer with annual revenues nearing $16M, operates stores in Battle Creek and Taylor. This acquisition is projected to elevate GrowGen's Michigan revenues to over $40M as the state’s recreational cannabis market is on track to exceed $1B in the coming years. This expansion aligns with the growing demand for hydroponic solutions amidst favorable state regulations.
GrowGeneration Corp (NASDAQ: GRWG) announced its acquisition of Hydroponics Depot, marking its entry into the Arizona medical cannabis market. This expansion increases GrowGen's store count to 29 across 11 states. Hydroponics Depot reported year-to-date sales exceeding $5 million with a 50% growth year-over-year. Arizona's cannabis market is projected to expand from $700 million in 2020 to $2 billion if Prop 207 is approved, enhancing growth prospects for GrowGen in medical and recreational segments.
GrowGeneration Corp (NASDAQ: GRWG) announced its acquisition of Hydroponics Depot, marking its entry into Arizona's medical cannabis market. This strategic move expands GrowGen's portfolio to 29 stores across 11 states. Hydroponics Depot is Phoenix's largest garden center, boasting sales exceeding $5 million and a 50% year-over-year growth. With voters considering Prop 207, Arizona's cannabis market could expand from $700 million to $2 billion, highlighting significant potential for GrowGen's growth strategy.
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.