STOCK TITAN

GrowGeneration Announces Opening of a New Hydroponic Garden Center in Ardmore, Oklahoma

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

GrowGeneration Corp. (NASDAQ: GRWG) has opened a new 25,000 square foot hydroponic garden center in Ardmore, Oklahoma, marking its 63rd location nationwide and sixth in the state. Located near Interstate 35 and the Texas border, this expansion comes as Oklahoma's medical cannabis market has grown significantly, surpassing California in the number of licensed farms. CEO Darren Lampert emphasized that the new store will offer the largest selection and best service for various growers. GrowGeneration is the largest chain in the hydroponic and organic gardening sector.

Positive
  • Opening of a new 25,000 square foot retail space in Ardmore, Oklahoma.
  • Expansion brings total locations to 63 nationwide.
  • Oklahoma's medical cannabis market shows significant growth, providing a larger customer base.
Negative
  • None.

GrowGen's 63rd Location Adds 25,000 square feet of Retail Space in Oklahoma Market

DENVER, Jan. 24, 2022 /PRNewswire/ - GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced the opening of a new hydroponic garden center at 1511 Broadway Street, in Ardmore Oklahoma. This 25,000 square foot location is conveniently located in southern Oklahoma at Interstate 35 near the Texas border. This location is the sixth location in Oklahoma and GrowGen's 63rd location nationwide.

"With this new Ardmore location, GrowGen is defining the next generation of garden centers, with the largest selection, best service and grow professionals, to deliver solutions for all types of growers," said Darren Lampert, CEO and co-founder of GrowGen. "In the three years since Oklahoma legalized medical cannabis, its over 9,000 licensed farms have surpassed the number of licensed farms in California and the number of retail cannabis locations in the state is more than Colorado, Oregon, and Washington, combined."

About GrowGeneration Corp:

GrowGeneration owns and operates specialty retail hydroponic and organic gardening stores. Currently, GrowGeneration has 63 stores, which include 23 locations in California, 8 locations in Colorado, 7 locations in Michigan, 5 locations in Maine, 6 locations in Oklahoma, 4 locations in Oregon, 3 locations in Washington, 2 locations in Nevada, 1 location in Arizona, 1 location in Rhode Island,1 location in Florida, 1 location in Massachusetts and 1 location in New Mexico.

GrowGeneration also operates an online superstore for cultivators at growgeneration.com and B2B e-commerce platform, agron.io. and a leading manufacturer of indoor vertical racking systems.  GrowGeneration carries and sells thousands of products, including organic nutrients and soils, advanced lighting technology and state of the art hydroponic equipment to be used indoors and outdoors by commercial and home growers. 

Company Inquiries:
GrowGeneration Corp.
John Evans
415-309-0230
john.evans@growgeneration.com

IR Contact:

ICR, Inc.
Clay Crumbliss, CFA
Managing Director
(203) 682-8387
clay.crumbliss@icrinc.com

GrowGeneration Announces Opening of a New Hydroponic Garden Center in Ardmore, Oklahoma (CNW Group/GrowGeneration)

GrowGeneration Announces Opening of a New Hydroponic Garden Center in Ardmore, Oklahoma (CNW Group/GrowGeneration)

GrowGeneration Announces Opening of a New Hydroponic Garden Center in Ardmore, Oklahoma (CNW Group/GrowGeneration)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/growgeneration-announces-opening-of-a-new-hydroponic-garden-center-in-ardmore-oklahoma-301466282.html

SOURCE GrowGeneration

FAQ

What is GrowGeneration's new store opening date in Ardmore, Oklahoma?

The new GrowGeneration store opened on January 24, 2022.

How many locations does GrowGeneration have as of January 2022?

As of January 2022, GrowGeneration has 63 locations nationwide.

Why is GrowGeneration expanding in Oklahoma?

GrowGeneration is expanding in Oklahoma due to the rapid growth of the medical cannabis market, which has more licensed farms than California.

What size is the new GrowGeneration location in Ardmore?

The new location in Ardmore is 25,000 square feet.

What is the significance of GrowGeneration's Ardmore location?

The Ardmore location is significant as it enhances GrowGeneration's market presence in Oklahoma, a key area for cannabis cultivation.

GROW GENERATION CORP

NASDAQ:GRWG

GRWG Rankings

GRWG Latest News

GRWG Stock Data

102.96M
59.25M
7.32%
49.93%
6.53%
Specialty Retail
Retail-building Materials, Hardware, Garden Supply
Link
United States of America
GREENWOOD VILLAGE