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.

Record Revenues of $193.0 Million, Adjusted EBITDA of $19.2 Million, and Pre-Tax Net Income of $8.6 Million 2021 full-year revenue guidance increased to $415-$430 million 2021 full-year adjusted EBITDA guidance updated to $48.0 million-$51.0 million First Quarter 2021 Revenue Guidance $86.0-$88.0 million First Quarter 2021 Adjusted EBITDA Guidance $9.0-$9.5 million The Company expects to reach over 60 Hydroponic garden centers and 15 states in 2021 and over 100 by 2023 DENVER, March 24, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company"), the largest chain of specialty hydroponic and organic garden centers, with 52 locations across 12 states, today reported record full-year 2020 revenues of $193.0 million, versus $79.7 million in the same period last year, an increase of 143%. Full-year 2020 adjusted EBITDA of $19.2 million compares to $5.3 million in the same period last year.

GrowGeneration Reports Record Fourth Quarter and Full-Year 2020 Financial Results and Raises Full-Year 2021 Guidance

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GrowGeneration's buying spree in Q1 will likely compel management to hike its 2021 guide, which could spark a rebound in GRWG stock. The post Here's How GrowGeneration Stock Gets on a Path to $70 appeared first on InvestorPlace.

Here's How GrowGeneration Stock Gets on a Path to $70

GrowGeneration's (GRWG) latest buyout will aid commercial growers navigate the complexities involved in planning, growing and sustaining agriculture facility.

GrowGeneration (GRWG) Buys Agron.io to Aid Commercial Growers

This is the company's eighth acquisition so far this young year.

GrowGeneration Acquires Agriculture Purchasing and Logistics Platform, Agron.io

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GrowGeneration's (GRWG) fourth-quarter 2020 earnings are likely to have gained from ongoing momentum in retail and online sales.

GrowGeneration (GRWG) to Post Q4 Earnings: What's in Store?

Agron.io Powered by GrowGeneration Will Serve as a  New Portal  for Commercial Growers and End-to-End Solution to Better Plan, Optimize and Manage their Operations DENVER, March 22, 2021 /PRNewswire/ -  GrowGeneration Corp . (NASDAQ: GRWG ), ("GrowGen" or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced its acquisition of Agron.io, a leading wholesale agriculture platform that allows commercial growers to manage their purchasing and logistics in one platform.

GrowGeneration Acquires Agron.io B2B Integrated Platform

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GrowGeneration (GRWG) has made seven buyouts so far this year, Aquarius Hydroponics being the latest, taking its store tally to 52 across 12 states.

GrowGeneration (GRWG) Buys Aquarius Hydroponics in Massachusetts

It's the seventh acquisition so far in 2021 for the ambitious company.

GrowGeneration Acquires Aquarius Hydroponics, Marking Entry Into Massachusetts Market

GrowGeneration (GRWG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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Massachusetts Becomes GrowGen's 12th State with Retail Locations DENVER, March 17, 2021 /PRNewswire/ -- GrowGeneration Corp . (NASDAQ: GRWG), ("GrowGen"or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced its acquisition of Aquarius Hydroponics, an indoor-outdoor garden supply center specializing in hydroponics systems, lighting and nutrients.

GrowGeneration Enters Massachusetts' Thriving Cannabis Market with Acquisition of Aquarius Hydroponics

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GrowGeneration (GRWG) is on an acquisition spree with six buyouts so far this year and currently has 18 locations in California, the country's largest legal cannabis market.

GrowGeneration (GRWG) Buys 55 Hydroponics, Expands in Calfornia

GrowGeneration made its second acquisition in as many days as the marijuana growing-supplies retailer snapped up a hydroponics superstore. The post Key Supplier To Pot Producers Makes Sixth Acquisition So Far This Year appeared first on Investor's Business Daily.

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Acquisition Brings Number of GrowGen Locations Nationwide to 51 DENVER, March 16, 2021 /PRNewswire/ -  GrowGeneration Corp . (NASDAQ: GRWG ), ("GrowGen" or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced its acquisition of 55 Hydroponics, a hydroponic and organic fertilizer superstore located in Santa Ana, California.

GrowGeneration Acquires Orange County's 55 Hydroponics, Establishes Foothold in Southern California

Greenrose Acquisition has agreed to buy four U.S. cannabis companies for $210 million, while GrowGeneration bought Char Coir. The post Marijuana Stocks: Another Weed SPAC Deal, GrowGeneration Buys Char Coir appeared first on Investor's Business Daily.

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Company expands its private label portfolio with RHP-certified growing medium DENVER, March 15, 2021 /PRNewswire/ - GrowGeneration Corp . (NASDAQ: GRWG), ("GrowGen" or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced its acquisition of Char Coir, an RHP-certified growing medium made from the highest-grade coconut fiber available.

GrowGeneration Acquires Char Coir

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GrowGeneration (GRWG) has been on an acquisition spree with four buyouts this year and is advancing toward its target of expanding to 55 garden centers by the end of this year.

GrowGeneration (GRWG) Expands Presence in Southern California

DENVER, March 4, 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 fourth quarter and full-year 2020 after market...

GrowGeneration Corp to Announce Fourth Quarter and Full-Year 2020 Results on Wednesday, March 24, 2021

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