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), a leading retailer and distributor of specialty hydroponic and organic gardening products in the United States, has announced its plans to release second quarter 2024 financial results on Thursday, August 8, 2024, after market close. The company will host a live earnings conference call at 4:30 p.m. ET on the same day.
Interested parties can participate in the call by dialing (800) 836-8184 (domestic) or (289) 819-1350 (international) using the conference code 99524. The call will also be webcast and accessible through the company's website. A replay of the webcast will be available for approximately 90 calendar days after the call.
GrowGeneration Corp. (NASDAQ: GRWG) announced preliminary Q2 2024 results and a strategic restructuring plan. Key points:
- Q2 net revenue expected to exceed $53 million, up 10.6% from Q1
- Restructuring plan aims to generate $12 million in savings over 12 months
- Focusing on proprietary brands, targeting 35% of total sales by end of 2025
- Launching B2B e-commerce portal in Q4 2024
- Closing 19 underperforming stores, reducing to 31 operational stores
- Streamlining operations and rationalizing SKU count
The plan aims to improve profitability, drive higher margins, and position GrowGen for future growth in the hydroponics and organic gardening supply industry.
GrowGeneration (NASDAQ: GRWG), a major retailer and distributor of hydroponic and organic gardening products in the U.S., will participate in the Benzinga Cannabis Market Spotlight Conference on June 17, 2024, in New Brunswick, New Jersey.
CEO Darren Lampert will join a Fireside Chat at 9:40 a.m. Eastern Time on the same day. The commercial team will exhibit proprietary brands such as Drip Hydro powders, Charcoir coco pots and cubes, and Ion LED lights. For additional details or meeting requests, contact GrowGen@kcsa.com.
GrowGeneration Corp. (NASDAQ: GRWG) has launched the HRG Marketplace, a new B2B portal by its wholesale division, Horticultural Rep Group (HRG). This platform aims to streamline the procurement process for hydroponic retailers and garden centers nationwide. Effective immediately, over 500 existing customers and tens of thousands of garden centers can access leading hydroponic products via the portal. The HRG Marketplace offers a centralized hub for product catalogs, shipping tracking, purchase orders, invoices, and more, ensuring rapid delivery times of 24-48 hours across the U.S. Supported by an extensive national sales and customer service team, this initiative emphasizes GrowGeneration's commitment to aiding the growth of the hydroponic industry.
GrowGeneration Corp (NASDAQ: GRWG), a leading retailer and distributor of hydroponic and organic gardening products in the U.S., announced its participation in Oppenheimer's 24th Annual Consumer Growth and E-Commerce Virtual Conference. The event will take place from June 10-12, 2024, and Gregory Sanders, the CFO, will present on June 10 at 1:30 p.m. ET. The presentation will be available via webcast on GrowGeneration’s Investor Relations website. For further details or to schedule a meeting, interested parties can contact GrowGen@kcsa.com.
GrowGeneration Corp. (NASDAQ: GRWG) reported net revenue of $47.9 million for the first quarter of 2024, at the top end of guidance. Gross profit margin improved to 25.8% sequentially. The company reported a net loss of $8.8 million and an Adjusted EBITDA loss of $2.9 million. Despite a 3% decrease in net sales, GrowGen reiterated full-year 2024 revenue guidance of $205 million to $215 million. The company continues to focus on expanding its proprietary brand portfolio and driving increased profitability.
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