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

Rhea-AI Summary

GrowGeneration Corp. (NASDAQ: GRWG) will announce its financial results for Q4 and full-year 2020 on March 24, 2021, after market close. A live earnings call is scheduled for March 25, 2021, at 9:00 a.m. ET. GrowGen operates 50 specialty hydroponic and organic gardening stores across the U.S. and plans to expand its presence. The global hydroponics market is expected to reach $16 billion by 2025. Interested investors can join the call via phone or webcast, with a replay available for 90 days.

Positive

• Scheduled announcement of Q4 and full-year 2020 financial results may indicate transparency.
• GrowGen operates 50 stores nationwide, positioning itself as a leader in the hydroponics market.
• The global hydroponics market is projected to grow to $16 billion by 2025, indicating future growth potential.

Negative

• None.

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 close on Wednesday, March 24, 2021.  The announcement will be followed by a live earnings conference call on Thursday, March 25, 2021 at 9:00 a.m. ET.

To participate in the call, please dial (888)-664-6383 (domestic) or (416)-764-8650 (international). The conference access code is 61305331.  This call is being webcast and can also be accessed on the Investor Relations section of the GrowGeneration website, at: IR.growgeneration.com.

A replay of the webcast will be available approximately two hours after the conclusion of the call and remain available for approximately 90 calendar days.                                                                                               

About GrowGeneration Corp.

GrowGen owns and operates specialty retail hydroponic and organic gardening stores. Currently, GrowGen has 50 stores, which include 8 locations in Colorado, 17 locations in California, 2 locations in Nevada, 1 location in Arizona, 2 locations in Washington, 6 locations in Michigan, 1 location in Rhode Island, 5 locations in Oklahoma, 2 locations in Oregon, 5 locations in Maine and 1 location in Florida. GrowGen also operates an online superstore for cultivators at growgeneration.com. GrowGen 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. Our mission is to own and operate GrowGeneration branded stores in all the major states in the U.S. and Canada. Management estimates that roughly 1,000 hydroponic stores are in operation in the U.S. By 2025, the global hydroponics system market is estimated to reach approximately $16 billion.

Forward Looking Statements:

This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent our current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this release. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as "look forward," "believe," "continue," "building," or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are often discussed in filings we make with the United States Securities and Exchange Commission, available at: www.sec.gov, and on our website, at: www.growgeneration.com.

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SOURCE GrowGeneration

FAQ

When will GrowGeneration release its Q4 and full-year 2020 financial results?

GrowGeneration will announce its financial results on March 24, 2021, after market close.

What time is the GrowGeneration earnings call scheduled?

The earnings call is scheduled for March 25, 2021, at 9:00 a.m. ET.

How many stores does GrowGeneration currently operate?

GrowGeneration operates 50 specialty hydroponic and organic gardening stores across the U.S.

What is the expected growth of the global hydroponics market by 2025?

The global hydroponics market is estimated to reach approximately $16 billion by 2025.

How can I access the GrowGeneration earnings call?

You can join the call by dialing (888)-664-6383 for domestic or (416)-764-8650 for international access.