Welcome to our dedicated page for Growgeneration news (Ticker: GRWG), a resource for investors and traders seeking the latest updates and insights on Growgeneration stock.
GrowGeneration Corp (GRWG) operates as a leading specialty retailer in hydroponic systems and organic gardening supplies, serving commercial cultivators and urban growers through its national retail network and e-commerce platform. This dedicated news hub provides investors and industry stakeholders with verified updates about the company's strategic developments.
Access official press releases, financial reports, and operational announcements covering GRWG's cultivation solutions, storage innovations, and market expansions. Our curated collection ensures timely access to earnings disclosures, leadership changes, product launches, and partnership agreements while maintaining strict compliance with financial reporting standards.
Key content categories include quarterly financial results, facility openings, technological advancements in indoor farming equipment, and sustainability initiatives. Bookmark this page for direct access to primary-source information about GRWG's position in the horticulture retail sector, without promotional commentary or speculative analysis.
GrowGeneration (NASDAQ: GRWG) is expanding its operations by signing a lease for a new 40,000-square-foot hydroponic garden center in Jackson, Mississippi. This will be the first location in the state, coinciding with the introduction of Mississippi's medical cannabis program. The facility will provide indoor vertical farming and controlled environment agriculture, aligning with the growing demand for hydroponic supplies. CEO Darren Lampert emphasized Mississippi's potential as a gateway for medical cannabis in the South, projecting an influx of license holders needing GrowGen's expertise and products.
GrowGeneration Corp (NASDAQ: GRWG) announced the acquisition of Downriver Hydroponics, expanding its footprint in Michigan to seven locations. Downriver Hydro, the largest hydroponics store in Wayne County, has annual revenues nearing $10 million. This acquisition aligns with Michigan's projected $3 billion cannabis market growth over the next three years. GrowGen reported record revenues of $193 million for 2020, a 143% increase year-over-year, and anticipates 2021 revenues between $415-$430 million, further strengthening its market position.
GrowGeneration Corp (NASDAQ: GRWG) has announced the appointment of Jeffrey Lasher as the new Chief Financial Officer (CFO), effective April 15, 2021. His predecessor, Monty Lamirato, is retiring after serving since 2016. Lasher has extensive experience, having held CFO positions at Crocs and West Marine, where he helped increase revenue significantly. GrowGeneration aims for $1 billion in sales, and Lasher's leadership is expected to drive geographical and strategic expansion. The company values its contributions to the Colorado community and emphasizes its commitment to shareholders.
GrowGeneration Corp (NASDAQ: GRWG) announced the appointment of Jeffrey Lasher as the new Chief Financial Officer, effective April 15, 2021. Lasher succeeds Monty Lamirato, who retired after serving since 2016. With experience as CFO at Crocs and West Marine, Lasher aims to drive the company towards its goal of $1 billion in sales. His background in managing billion-dollar companies aligns well with GrowGeneration's vision in the hydroponics market, which is projected to reach approximately $16 billion globally by 2025.
GrowGeneration Corp. (NASDAQ: GRWG) announced record revenues of $193.0 million for full-year 2020, a 143% increase from 2019. Adjusted EBITDA was $19.2 million, up 264%, and pre-tax net income reached $8.6 million, a 508% rise. The company raised its 2021 revenue guidance to $415-$430 million and adjusted EBITDA guidance to $48-$51 million. Q1 2021 revenue is projected at $86-$88 million, with adjusted EBITDA at $9-$9.5 million. GrowGen plans to expand to over 60 hydroponic garden centers in 15 states by year-end 2021 and reach over 100 by 2023.
GrowGeneration Corp. (NASDAQ: GRWG) reported a record revenue of $193.0 million for 2020, a 143% increase from $79.7 million in 2019. Adjusted EBITDA rose to $19.2 million, up from $5.3 million, with a pre-tax net income of $8.6 million. The company has raised its 2021 revenue guidance to $415-$430 million and adjusted EBITDA guidance to $48-$51 million. It expects to expand to over 60 hydroponic garden centers in 15 states by year-end. The appointment of Jeffrey Lasher as CFO reflects its strategic growth focus.
GrowGeneration Corp (NASDAQ: GRWG) has acquired Agron.io, a leading wholesale agriculture platform designed for commercial growers. This acquisition allows GrowGen to enhance its service offerings, providing a one-stop solution for purchasing and logistics management. Agron.io boasts over 10,000 products available with real-time inventory updates and competitive pricing. The company anticipates that Agron.io will contribute $20 million in revenue this year. Following a record earnings quarter, GrowGen also raised its 2021 revenue guidance to between $335 million and $350 million.
GrowGeneration Corp (NASDAQ: GRWG) has acquired Agron.io, a leading wholesale agriculture platform, enhancing its commercial services for growers. The acquisition is expected to generate $20 million in revenue for GrowGen in 2021. Agron.io offers a wide range of products and advanced ERP technology, enabling real-time management and logistics for commercial growers. This marks GrowGen's eighth acquisition in 2021, following a record revenue announcement of $192 million for 2020, up 140% from 2019, and an increase in its 2021 revenue guidance to $335-$350 million.
GrowGeneration Corp (GRWG) has expanded its presence by acquiring Aquarius Hydroponics, a leading retailer in New England's hydroponics market, marking its entry into Massachusetts. With this acquisition, GrowGen now operates 52 stores across 12 states. Aquarius Hydroponics, offering a diverse range of gardening supplies, generates annual revenues of around $5 million. This acquisition aligns with GrowGen's strategy in emerging adult-use cannabis markets. For 2021, GrowGen forecasts revenues between $335 million and $350 million.
GrowGeneration Corp (NASDAQ: GRWG) has acquired Aquarius Hydroponics, expanding its footprint in the hydroponics sector to Massachusetts, its 12th state. With annual revenues nearing $5 million, Aquarius Hydroponics is a leading hydroponics retailer in New England. This acquisition aligns with GrowGen's strategy to invest in top hydroponic suppliers in emerging markets, particularly the Massachusetts cannabis industry, projected to reach $1 billion in 2021. Following this acquisition, GrowGen operates 52 stores and anticipates revenues of $335 million to $350 million in 2021.
