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.

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.

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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.

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The company also raised its guidance on 2021 revenue and adjusted EBITDA.

GrowGeneration Slides 5% on Q1 Results Despite Beats

GrowGeneration (GRWG) CEO, Darren Lampert on Q1 2021 Results - Earnings Call Transcript

GrowGeneration's (GRWG) solid acquisition strategy and growth in e-commerce channel and cost management efforts led to improved first-quarter 2021 results.

GrowGeneration (GRWG) Beats on Q1 Earnings, Raises '21 View

The hydroponics and organic gardening retailer reported impressive sales growth and raised its full-year guidance.

Why Investors Loved GrowGeneration's Q1 Update

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DENVER, May 11, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the largest chain of specialty hydroponic and organic garden centers with 53 locations across 12 states, today announced the appointment of Dennis Sheldon to Senior Vice President of Global Supply Chain, effective May 10, 2021. Mr.

GrowGeneration Names Dennis Sheldon Senior Vice President of Global Supply Chain

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

Should You Buy GrowGeneration (GRWG) Ahead of Earnings?

GrowGeneration's (GRWG) first-quarter 2021 results are likely to reflect gains from ongoing momentum in both retail and online sales.

What's in Store for GrowGeneration's (GRWG) Q1 Earnings?

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DENVER, May 3, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced it will release its financial results for the first quarter ended March 31, 2021, after market close on Wednesday, May 12, 2021.  The announcement will be followed by a live earnings conference call on Thursday, May 13, at 9:00 a.m.

GrowGeneration To Announce First Quarter 2021 Financial Results on Wednesday, May 12, 2021

GrowGeneration Corp (NASDAQ:GRWG) announced Friday that it has partnered with entertainer, activist and cannabis entrepreneur Jim Belushi to build a new, state-of-the-art cannabis greenhouse on Belushi's Farm in Oregon. GrowGen has deployed a team of “Grow Pros” to provide on-site consultations and install the new greenhouse system at Belushi's Farm.

Jim Belushi, GrowGeneration Partner To Build Oregon Cannabis Greenhouse

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Belushi's Farm Taps Nation's Leading  Hydroponics Retailer to Outfit New Greenhouse DENVER, April 30, 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 new partnership with Belushi's Farm to outfit its newest greenhouse. Based in Oregon, Belushi's Farm was founded in 2015 by performer Jim Belushi to cultivate premium medical and recreational cannabis, producing signature brands such as Belushi's Secret Stash, The Blues Brothers, and Captain Jack's (also known as "The Smell of SNL").

GrowGeneration Announces Belushi's Farm Partnership

The company will build its first store in the city of Jackson.

GrowGeneration Pushes Into Mississippi Medical Pot Market

Mississippi To Become GrowGen's 13th State with Operations DENVER, April 27, 2021 /PRNewswire/ -  GrowGeneration Corp . (NASDAQ: GRWG), ("GrowGen" or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced it has signed a lease in Jackson, Mississippi, for the future site of a state-of-the-art GrowGen garden center.

GrowGeneration Prepares to Enter Mississippi's Medical Cannabis Market

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News for GrowGeneration Corp Stock (GRWG)