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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

GrowGeneration Corp reports Q3 results, focuses on profitability and growth

GrowGeneration Corp's Q3 performance reflected a focus on profitability and key growth initiatives despite challenges. The company maintains a strong cash position and reiterated full-year revenue guidance.
Strengths include a strong cash position, focus on margin expansion, and the launch of a B2B e-commerce portal. Challenges include net loss, negative adjusted EBITDA, and industry headwinds.
Opportunities lie in B2B customer growth, margin expansion, and strategic business optimization. Cautious optimism surrounds potential legislative changes and industry growth prospects.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Village Farms International

These three out-of-the-way marijuana stocks could be an investor's best bet.

3 Offbeat Cannabis Stocks Investors Should Consider

Netflix

A top marijuana stock and an unstoppable streaming stock could generate wealth-building portfolio returns for many years to come.

Have $2,000? These Game-Changing Stocks Could Make You Richer Over the Next Decade

Aurora Cannabis

Cronos Group

Flora Growth Corp

Greenlane Holdings

HEXO Corp

Akerna Corp

Scotts Miracle-Gro

Welcome back to our weekly series, Schaeffer's Cannabis Stock News Update, where we recap what happened in the world of marijuana stocks and look ahead to how the cannabis industry continues to shape up in 2021.

8 Blazing-Hot Cannabis Stocks That Made Headlines Last Week

GrowGeneration (GRWG) announces acquisition in California, the world's largest marijuana market, which takes its store count to 60.

GrowGeneration (GRWG) on Acquisition Spree, Adds California Store

Baidu

Boston Beer Company

These could be some of the better buys in the market right now.

Wall Street Thinks These 3 Growth Stocks Can Rise by More Than 70% Within 2 Years

Specialty hydroponic and organic garden center GrowGeneration Corp (NASDAQ: GRWG) has acquired Commercial Grow Supply , a hydroponic superstore in California, for an undisclosed sum. Commercial Grow Supply, founded in 2011 by Sevan Derohanian, has annual revenues of about $10 million.

GrowGeneration Acquires Hydroponic Supplier Commercial Grow Supply For Undisclosed Sum

GrowGeneration Corp. (NASDAQ:GRWG) is purchasing Commercial Grow Supply, a hydroponic superstore located in Santa Clarita, California. The move follows the acquisition of Hoagtech Hydroponics, a leading hydroponic equipment and indoor gardening store that serves the Bellingham, Washington area.

GrowGeneration Continues Acquisition Streak, Buys California-Based Commercial Grow Supply

GrowGeneration (GRWG) acquires Hoagtech Hydroponics, which is expected to take its annual revenues from the Washington market to around $15 million.

GrowGeneration (GRWG) Expands in Washington With New Buyout

Hydroponics innovator GrowGeneration Corp. (NASDAQ:GRWG) announced Monday the acquisition of Hoagtech Hydroponics, a leading hydroponic equipment and indoor gardening store that serves the Bellingham, Washington area. This acquisition brings the total number of GrowGen hydroponic garden centers nationwide to 59 stores.

GrowGeneration Buys Hoagtech Hydroponics In WA, Bringing Total Of Hydroponic Garden Centers To 59

Acquisition Brings Total Number of GrowGen Locations to 59 DENVER, Aug. 23, 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 acquisition of Hoagtech Hydroponics, a leading hydroponic equipment and indoor gardening store, serving the Bellingham, Washington area.

GrowGeneration Acquires Washington-Based Hoagtech Hydroponics, Expands Footprint in Pacific Northwest

Trulieve Cannabis Corp.

3 Top Pot Stocks That Are Gaining More Attention The post 3 Pot Stocks To Watch At The End Of August appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.

3 Pot Stocks To Watch At The End Of August

3 Top Pot Stocks That Are Gaining More Attention The post 3 Pot Stocks To Watch On Robin Hood appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.

3 Pot Stocks To Watch On Robin Hood

Does one negative factor undermine GrowGeneration's value proposition?

3 Reasons to Buy GrowGeneration and 1 Reason to Sell

Are These Top Pot Stocks On Your List For Mid-August? The post Best Marijuana Stocks To Buy After Earnings? 4 You Should Consider For Next Week appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.

Best Marijuana Stocks To Buy After Earnings? 4 You Should Consider For Next Week

SNDL Inc.

Tilray Brands

Cipher Pharms Inc (OTC:CPHRF) shares closed up 20.19% at $1.62 with an estimated market cap of $43,398,257. 22nd Century Group (AMEX:XXII) shares closed up 9.92% at $4.03 with an estimated market cap of $649,314,577.

Bearish Wave Dumps Marijuana Stocks - GrowGeneration Sundial Growers And Aurora Cannabis Among Top Cannabis Movers For Today - Tilray Down By 6%

Growth in e-commerce channel and same store sales led to improved second-quarter 2021 results for GrowGeneration's (GRWG). Backed by its expansion efforts, it raised revenue guidance for 2021.

GrowGeneration (GRWG) Q2 Earnings Miss Estimates, Improve Y/Y

GrowGeneration Corp. (GRWG) CEO Darren Lampert on Q2 2021 Results - Earnings Call Transcript

The company delivered great Q2 results, but its growth rate could slow in the second half of the year.

Why GrowGeneration Stock Is Plunging Today

GrowGeneration (GRWG) delivered earnings and revenue surprises of -8.33% and 10.91%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

GrowGeneration (GRWG) Q2 Earnings Miss Estimates

GrowGeneration Corp (NASDAQ: GRWG) reported second-quarter FY21 sales growth of 190% year-on-year, to $125.89 million, beating the analyst consensus of $111.69 million. Same-Store Sales for the quarter increased 60% Y/Y to $62.1 million.

GrowGeneration Stock Falls After Mixed Q2 Results

Shares of GrowGeneration (NASDAQ:GRWG) fell 3.6% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 83.33% year over year to $0.11, which missed the estimate of $0.12.

Recap: GrowGeneration Q2 Earnings

Record Revenue increased 190% to $125.9 million;  Net Income of $6.7 million up 161%; Adjusted EBITDA of $14.5 million, a 229% increase; 2021 Revenue Guidance Raised to $455 to $475 Million Comparable Store Sales for the Quarter Increased 60% from Prior Year Record Diluted Earnings of $0.11 Per Share in the Quarter DENVER, Aug. 12, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company"), the largest chain of specialty hydroponic and organic garden centers with 58 locations across 12 states, today reported record second quarter 2021 revenues of $125.9 million, versus $43.5 million in the same period last year. The Company also reported record second quarter 2021 GAAP pre-tax net income of approximately $9.6 million compared to pre-tax net income of $2.7 million in the same period last year.

GrowGeneration Reports Record Second Quarter 2021 Financial Results

DENVER, Aug. 10, 2021 /PRNewswire/ -- GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company"), the largest chain of specialty hydroponic and organic garden centers with 58 locations across 12 states, today announced that the company will participate in the Canaccord Genuity 41st Annual Growth Conference on Thursday, August 12, 2021. Darren Lampert, Chairman and Chief Executive Officer, and Jeff Lasher, Chief Financial Officer, will host a fireside chat starting at 2:30 pm ET.

GrowGeneration to Participate in Canaccord Genuity's 41st Annual Growth Conference on August 12, 2021

Canopy Growth

Curaleaf Holdings, Inc.

Alphabet

Green Thumb Industries Inc.

MedMen Enterprises Inc.

Billions of dollars flooded into the cannabis sector in a tsunami-like fashion following the democrats assuming control of the United States senate following Georgia's runoff election.

The Cheapest And Most Expensive Cannabis Stocks

GrowGeneration (GRWG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

News for GrowGeneration Corp Stock (GRWG)