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 Corp. (NASDAQ: GRWG) has acquired San Diego Hydroponics & Organics, a four-store chain based in San Diego, increasing its total store count to 50. This acquisition positions GrowGen to strengthen its presence in California, the largest legal cannabis market in the U.S. San Diego Hydroponics has reported annual revenues nearing $10 million. GrowGen also announced impressive financial results, with 2020 revenues reaching $192 million, a 140% increase from 2019. The company has raised its revenue guidance for 2021 to between $335 million and $350 million.
GrowGeneration Corp (NASDAQ: GRWG) has acquired San Diego Hydroponics & Organics, expanding its presence to 50 locations nationwide. This acquisition adds four hydroponic garden centers in San Diego, contributing nearly $10 million in annual revenues. Following a record fourth-quarter revenue of $61.5 million and a full-year revenue of $192 million in 2020, GrowGen has raised its 2021 revenue guidance to between $335 million and $350 million. With a strong foothold in California, GrowGen aims to enhance its service to commercial growers in the largest legal cannabis market in the U.S.
GrowGeneration Corp (NASDAQ: GRWG) has acquired Grow Warehouse, a chain of four hydroponic and organic garden stores in Colorado and Oklahoma, increasing its locations to 46. This acquisition supports GrowGen's growth strategy, adding 35,000 square feet and a team of over 50 professionals. The company reported record earnings with 2020 revenues at $192 million, up 140% from the previous year. 2021 revenue guidance has been raised to $335-$350 million. GrowGen aims to reach 55 garden center locations by the end of 2021.
GrowGeneration Corp (NASDAQ: GRWG) has acquired Grow Warehouse, a four-store chain of hydroponic stores in Colorado and Oklahoma. This acquisition increases GrowGen's total locations to 46, with new outlets in Colorado Springs, Pueblo, and Oklahoma City. Currently, Grow Warehouse generates approximately $20 million in annual revenue. Following this acquisition, GrowGen has raised its 2021 revenue projection to between $335 million and $350 million, showcasing a significant growth strategy.
On February 1, 2021, GrowGeneration Corp (NASDAQ: GRWG) announced its acquisition of Grow Depot, a two-store chain located in Auburn and Augusta, Maine. This acquisition expands GrowGen's presence in Maine to five locations, enhancing its market position in the state's growing adult-use market. CEO Darren Lampert stated that the Maine market is projected to generate over $20 million in annual revenue for 2021. Following another quarter of record earnings, GrowGen increased its revenue guidance for 2021 to $335-$350 million, with a goal to operate 55 stores by year-end.
GrowGeneration Corp (NASDAQ: GRWG), the leading chain of hydroponic and organic garden centers, has acquired Grow Depot, a two-store chain in Auburn and Augusta, Maine. This acquisition expands GrowGen's presence in Maine to five locations, expected to generate over $20 million in annual revenues for 2021. The company reported record fourth-quarter revenues of $61.5 million, with a full-year revenue of $192 million, up 140% from 2019. GrowGen raised its 2021 revenue guidance to between $335 million and $350 million, aiming for 55 garden centers by year-end.
GrowGeneration Corp (NASDAQ: GRWG) has acquired Indoor Garden & Lighting, a two-store chain in the Seattle and Tacoma area, expanding its total number of locations to 40. The acquisition is expected to generate annual revenues of $10 million, strengthening GrowGen's presence in Washington's growing adult-use market. Following a record fourth-quarter revenue of $61.5 million and a full-year revenue of $192 million, up 140% from 2019, GrowGen has raised its 2021 revenue guidance to between $335 million and $350 million.
GrowGeneration Corp. (NASDAQ: GRWG) reported remarkable preliminary full-year 2020 revenues of $192 million, marking a 140% increase from $80 million in 2019. Fourth-quarter revenue also soared by 142% to $61.5 million. With same-store sales up 63% for the year, the company has raised its 2021 revenue guidance to a range of $335 million to $350 million and adjusted EBITDA guidance to $38 million to $40 million. GrowGeneration aims to expand its operating garden centers to 55 in 2021.
GrowGeneration Corp. (NASDAQ: GRWG), the largest chain of specialty hydroponic and organic garden centers, announced participation in the Virtual ICR Conference 2021, scheduled from January 11-14, 2021. CEO Darren Lampert is set to present on January 12 at 11:30 am EST. The conference will also include 1-on-1 meetings with investors. Currently, GrowGen operates 39 stores across multiple states and aims to expand its brand presence. The global hydroponics system market is projected to reach approximately $16 billion by 2025.
GrowGeneration Corp. (NASDAQ: GRWG) has acquired Canopy Crop Management, a leader in silicic acid fertilizers, enhancing its portfolio of private label products. This strategic acquisition aims to boost long-term revenue through innovative formulations and cost-effective organic solutions. The Power SI brand will continue to be offered via Canopy's retail channels, including GrowGeneration's 39 locations. This acquisition marks GrowGen's second in Southern California within a month, following the purchase of Grassroots Hydroponics. The company recently raised $172.5 million to support its growth in the cannabis market.
