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. 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) 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.
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.
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