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) has announced that its MMI Storage Solutions division has launched a new mobile package and luggage storage system exclusively designed for Waldorf Astoria Hotels. The custom-engineered solution features high-density mobile carriages with Lyon shelving in Hilton blue, combining functionality with luxury aesthetics to enhance the guest experience.
The system aims to streamline luggage management operations from guest arrival through checkout, providing hotel staff with an efficient and secure storage solution. Initial implementation has shown improvements in operational flow and efficiency. Following this success, GrowGeneration plans to expand similar solutions to other luxury hospitality partners in the upcoming year.
GrowGeneration's MMI Storage Solutions has launched an innovative Mobile Golf Bag System at Bonita Bay Club, Florida's largest member-owned golf facility. The system revolutionizes golf bag storage operations, managing over 2,800 bags daily across five world-class golf courses.
The new mobile system offers a space-saving alternative to traditional static racking, featuring smooth-glide carriages, ergonomic handles, and customizable layouts. Designed for durability and accessibility, it helps country clubs accommodate growing memberships while maintaining service quality.
Bonita Bay Club, established in 1985, is a prestigious Platinum Club featuring courses designed by Tom Fazio (Cypress and Sabal) and Arthur Hills (Bay Island, Creekside, and Marsh). The MMI system demonstrates the company's commitment to providing intelligent storage solutions for the hospitality and recreation industry.
GrowGeneration (NASDAQ: GRWG), the nation's largest specialty hydroponic and organic gardening retailer, has announced its upcoming first quarter 2025 earnings release schedule. The company will disclose its financial results for Q1 ending March 31, 2025, after market close on Thursday, May 8, 2025.
A live earnings conference call will follow at 4:30 p.m. ET. Participants can join via phone using 1-(888)-699-1199 (domestic) or 1-(416)-945-7677 (international) with conference code 52172. The call will also be available via webcast through the company's Investor Relations website, with a replay accessible for approximately 90 days.
GrowGeneration (NASDAQ: GRWG) has officially launched its B2B Pro Portal, an advanced e-commerce platform designed to enhance procurement efficiency for commercial cultivators and retailers. The platform features real-time inventory management, automated quoting, and direct ordering capabilities.
The new portal enables large-scale cultivators, greenhouse operations, and vertical farms to streamline their ordering process with features including:
- Real-time inventory and bulk pricing access
- Self-service quote generation and ordering
- Customized account management with personalized pricing
- Integrated shipping options and flexible financing solutions
According to CEO Darren Lampert, the platform represents a significant step in GrowGen's digital transformation strategy, focusing on B2B customers while driving operational efficiencies to reduce expenses and improve profitability. The portal was soft-launched in Q4 2024 and has already received positive customer feedback.
GrowGeneration (NASDAQ: GRWG) reported its Q4 and full-year 2024 financial results, with annual net sales of $188.9 million, including proprietary brand sales of $39.5 million. The company's proprietary brand sales increased to 24.2% of cultivation and gardening net sales, up from 18.8% in 2023.
Key financial metrics include a full-year gross profit margin of 23.1%, down from 27.1% in 2023, and a net loss of $49.5 million compared to $46.5 million in 2023. The company ended 2024 with $56.5 million in cash and no debt.
During 2024, GrowGen consolidated 19 retail locations, reducing its footprint to 31 stores across 12 states. For 2025, the company projects revenue between $170-180 million, with Adjusted EBITDA ranging from a $2 million loss to a $2 million profit, and expects gross profit margins of 29-31%.
GrowGeneration (NASDAQ: GRWG), a leading retailer and distributor of specialty hydroponic and organic gardening products in the United States, has announced its participation in the upcoming 37th Annual ROTH Conference. The event will take place in Dana Point, California, from March 16-18, 2025.
The company will be conducting one-on-one meetings during the conference. Interested investors can schedule meetings with GrowGen management either through ROTH MKM or by emailing GrowGen@kcsa.com.
GrowGeneration Corp. (NASDAQ: GRWG), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, has announced it will release its financial results for the fourth quarter and full year ended December 31, 2024, on Thursday, March 13, 2025, after market close.
The announcement will be followed by a live earnings conference call at 4:30 p.m. ET. Interested participants can dial 1-(888)-699-1199 (domestic) or 1-(416)-945-7677 (international) using the conference code 00406.
The call will also be webcast and can be accessed through the Investor Relations section of the GrowGeneration website at ir.growgeneration.com. A replay of the webcast will be available approximately two hours after the conclusion of the call and will remain accessible for approximately 90 calendar days.
GrowGeneration Corp. (NASDAQ: GRWG), a leading retailer and distributor of specialty hydroponic and organic gardening products in the United States, has announced its participation in the upcoming Oppenheimer 10th Annual Emerging Growth Conference. The virtual event is scheduled for February 25-26, 2025.
The company will be conducting one-on-one meetings throughout the conference. Interested parties can schedule meetings through their Oppenheimer representative or by contacting GrowGen directly via email at GrowGen@kcsa.com.
GrowGeneration (NASDAQ: GRWG) reports significant transformation in 2024, focusing on B2B operations and proprietary brand growth. The company achieved over 30% of cultivation and gardening revenue from proprietary products in Q4 2024, targeting 35% by end of 2025.
Preliminary 2024 results show anticipated net sales of $188-190 million, proprietary brand sales of $39-40 million, and storage solutions sales of $25-26 million. The company maintains a debt-free balance sheet with over $56 million in cash and equivalents.
Key developments include launching a new B2B e-commerce platform, streamlining operations to 31 stores and two distribution centers, and implementing cost-reduction measures expected to save $12 million annually. The company's focus on proprietary brands like Char Coir Coco, Drip Hydro nutrients, and Ion LED lighting solutions aims to drive higher margins and recurring revenue.