GrowGeneration Corp

GrowGeneration Corp. engages in the retail of hydroponic and organic specialty gardening products. It offers lighting fixtures, nutrients, seeds and growing media systems, trays, fans, filters, humidifiers and dehumidifiers, timers, instruments, water pumps, irrigation supplies, and hand tools. The company was founded by Darren Lampert and Michael Salaman on March 6, 2014 and is headquartered in Greenwood Village, CO.

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GrowGeneration Corp reports sequential revenue growth and margin normalization

GrowGeneration Corp's Q4 2022 performance showed sequential revenue growth and gross margin normalization. The company is focused on cost control, cash generation, and maintaining a strong balance sheet.
Strengths include investments in store expansion, product portfolio enhancement, and private label penetration growth. Challenges include market dynamics in California and the need for same-store sales growth.
Opportunities lie in private label growth, equipment refresh cycles, and capitalizing on industry trends. The company is optimistic about 2023 and aims to right-size the business for future growth.

GrowGeneration Corp reports solid Q1 performance and eyes growth opportunities

GrowGeneration Corp's Q1 performance showed solid revenue, margin, and cash position, with a focus on profitability and growth initiatives. The company is optimistic about future growth but cautious about near-term uncertainties.
Strengths lie in financial stability, strategic focus on margin expansion, and commitment to long-term profitability. Challenges include weather impacts and managing costs effectively.
Opportunities include geographic expansion, increased commercial projects, and legislative developments, aligning with the company's growth strategy and market positioning.

GrowGeneration Corp reports Q2 revenue growth amidst industry challenges

GrowGeneration Corp's Q2 performance showed revenue growth but also highlighted challenges in the cannabis industry and store closures in weak markets. Despite facing headwinds, the company remains focused on profitability, inventory management, and strategic expansion.

GrowGeneration Corp reports Q3 revenue decline, eyes federal reform impact

GrowGeneration Corp navigated challenges in Q3 2023 with a focus on profitability, margin expansion, and strategic store consolidations.
Optimism surrounds future growth, driven by private label products, potential federal reform impacts, and a strong financial position.
Inventory management and product mix enhancements position the company for improved efficiency and growth in the coming quarters.
Despite short-term challenges, GrowGen's strategic initiatives and readiness for market changes indicate a resilient and forward-looking approach.

GrowGeneration Corp beats revenue targets, eyes profitability and expansion

GrowGeneration Corp (GRWG) exceeded revenue guidance in 2023 and started 2024 strong. Focus on profitability and brand expansion for 2024.
Cost optimization efforts and new segmentation into key segments. Positive outlook despite industry challenges and store closures impact.
Opportunities for revenue growth, margin improvement, and strategic acquisitions. Company remains conservative in cash use and optimistic about growth.
Gross margin benefited from private label products and partnerships. Balance sheet strength to be maintained with potential for strategic opportunities.

GrowGeneration Corp reports revenue growth and margin expansion strategies

GrowGeneration Corp showed revenue growth and positive same-store sales comp in Q1 2024.
The company is strategically focusing on margin expansion, brand portfolio expansion, and profitability.
While facing challenges in certain geographies and financial losses, opportunities lie in proprietary brands and market expansions.
Continued investments in B2B portals and customer credit offerings highlight a commitment to growth and customer relationships.

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GrowGeneration Corp. engages in the development, marketing, retail, and distribution of hydroponic products and services. It operates through the following segments: Cultivating and Gardening, Storage Solutions, and Corporate. The Cultivating and Gardening segment includes hydroponic and organic gardening business. The Storage Solutions segment involves benching and racking. The company was founded by Darren Lampert and Michael S. Salaman on March 6, 2014 and is headquartered in Greenwood Village, CO.

New Program will Educate Growers, Provide Opportunity, and Deliver Proven Equipment and Nutrient Packages DENVER, Oct. 20, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced that the Company and Harvest 360 Technologies, LLC  (H360) will work together to develop a National Program to support individuals with the education and training to acquire the skills necessary to gain access to the state licensing process and types of support that are required to be successful in this emerging industry. "This industry is expanding exponentially.

GrowGeneration to Develop Accelerator Program for Social Equity & Micro Licenses

DENVER, Oct. 20, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced the appointment of Becky Gebhardt as Senior Vice President, Marketing and E-commerce. Ms.

GrowGeneration Appoints Becky Gebhardt as SVP Marketing and E-commerce

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Hydroponics innovator GrowGeneration Corp. (NASDAQ:GRWG) reported Tuesday a strategic investment in Total Grow Control, a Houston-based controlled environment agriculture (CEA) engineering and manufacturing company. Total Grow Control specializes in facility design, nutrient delivery systems, water filtration solutions, and a complete integrated control platform operated from a cloud-based user interface.

GrowGeneration To Invest In Total Grow Control Expanding Controlled Environment Agriculture Offering

GrowGeneration Continues To Expand Controlled Environment Agriculture Offerings for Commercial Growers  to use Automation and Data to Optimize their Grow Operations DENVER, Oct. 19, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced a strategic investment in Total Grow Control, a Houston-based controlled environment agriculture (CEA) engineering and manufacturing company specializing in facility design, nutrient delivery systems, water filtration solutions, and a complete integrated  control platform operated from a cloud-based user interface.. As part of the transaction, GrowGen has the right to exercise an option to purchase 100% of the assets of Total Grow Control.

GrowGeneration Invests in Total Grow Control

Following GrowGeneration (GRWG) and HGS Hydro's mutual agreement to terminate their previously announced acquisition, the former updates its 2021 revenue guidance.

GrowGeneration (GRWG) Terminates HGS Buyout, Updates 2021 View

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Today, news of a cancelled acquisition, and another one to replace it, has shares of GRWG stock down double-digits on heavy volume. The post GRWG Stock News: Why GrowGeneration Is Plunging Today appeared first on InvestorPlace.

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GrowGeneration Corp (NASDAQ: GRWG) has terminated the previously announced asset purchase agreement with HGS Hydro mutually. "This was a difficult decision regarding the HGS Hydro acquisition, but following appropriate due diligence and capital allocation analysis, we decided to mutually terminate the acquisition," said Darren Lampert, GrowGeneration's CEO.

GrowGeneration Stock Falls As HGS Acquisition Falls Through; Cuts FY21 Outlook

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U.S. specialty hydroponic and organic garden center operator GrowGeneration Corp. GRWG, +2.50% said Wednesday it has terminated its acquisition agreement with HGS Hydro in a mutual decision, but that the two companies will continue to develop a working relationship. "This was a difficult decision regarding the HGS Hydro acquisition, but following appropriate due diligence and capital allocation analysis, we decided to mutually terminate the acquisition," CEO Darren Lampert said in a statement.

GrowGeneration announces mutual termination of HGS acquisition, revises guidance to reflect move

New Mexico becomes the 13th state with GrowGeneration retail locations Full-Year revenue guidance is $440 to $452 million DENVER, Oct. 13, 2021 /PRNewswire/ - GrowGeneration Corp . (NASDAQ: GRWG ), ("GrowGen"or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced that the Company and HGS Hydro mutually terminated the July 27, 2021, previously announced asset purchase agreement.

GrowGeneration Announces Mutual Termination of HGS Acquisition, Updates Guidance, and Enters New Mexico's Thriving Cannabis Market with Acquisition of All Seasons Gardening

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GrowGeneration (GRWG) agreement with Groundwork BioAg will enable it to offer the latter???s mycorrhizal inoculant DYNOMYCO, which has exhibited strong efficacy in cannabis.

GrowGeneration (GRWG) Inks Distribution Agreement for DYNOMYCO

Hydroponics innovator GrowGeneration Corp. (NASDAQ:GRWG) and Groundwork BioAg, a global bio-agriculture company, announced Thursday that they have entered into a distribution agreement to offer DYNOMYCO, a unique brand of highly-concentrated mycorrhizal inoculants specifically formulated for cannabis, to hydroponic and organic growers across the U.S. The deal combines GrowGen's commercial reach and marketing prowess with Groundwork BioAg's innovative and highly effective mycorrhizal inoculants.

GrowGeneration Inks Distribution Agreement With Groundwork BioAg To Provide Cannabis Growers With Mycorrhizal Inoculants

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Expands nutrient and additive portfolio to include leading mycorrhizal inoculant DYNOMYCO via online superstore and retail locations DENVER, Colo. and MAZOR, Israel, Oct. 7, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ: GRWG) ("GrowGen") the nation's largest chain of specialty hydroponic and organic garden centers, and Groundwork BioAg, a global bio-agriculture company, today announced that they have entered into a distribution agreement to offer DYNOMYCO ®, a unique brand of highly-concentrated mycorrhizal inoculants specifically formulated for cannabis, to hydroponic and organic growers across the U.S. Representing two of the fastest growing segments in agriculture – cannabis and biologicals – the distribution agreement brings together GrowGen's  commercial reach and marketing prowess with Groundwork BioAg's innovative and highly-effective mycorrhizal inoculants.

GrowGeneration Signs Distribution Agreement with Groundwork BioAg

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Investors who added GrowGeneration Corp (NASDAQ:GRWG) to their portfolio five years ago are definitely living the high life. Since October 2016, GrowGeneration stock's five-year return has outperformed several of the world's most popular names in retail trading: GameStop Corp (NYSE:GME), AMC Entertainment Holdings Inc (NYSE:AMC), BlackBerry Ltd (NYSE:BB) and Aurora Cannabis Inc (NASDAQ:ACB).

News for GrowGeneration Corp Stock (GRWG)