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), a leading chain of hydroponic and organic garden centers, is set to announce its financial results for the first quarter ending March 31, 2023, on May 9, 2023, after market close. A live earnings conference call will follow at 4:30 p.m. EDT, with participation details provided. GrowGen operates 61 stores across 17 states and boasts an online superstore at growgeneration.com. The company offers thousands of products for both commercial and home growers, including organic nutrients, advanced lighting, and hydroponic equipment.
GrowGeneration Corp. (NASDAQ: GRWG) has announced the acquisition of inventory and equipment from Mighty Grow, a Michigan-based gardening business serving the local community for over a decade. This strategic transaction marks GrowGen's eighth retail location in Michigan, enhancing its footprint in the state. CEO Darren Lampert expressed enthusiasm about expanding their ability to serve both commercial and home-grow customers, while maintaining their commitment to quality products and knowledgeable service. GrowGen, known for its specialty hydroponic and organic gardening centers, currently operates 61 stores across 17 states and also features an online superstore.
GrowGeneration Corp. (NASDAQ: GRWG) has announced the acquisition of inventory and equipment from Community Garden & Greenhouse in Bozeman, Montana. This deal includes taking over an existing store location, which is part of GrowGen's strategy to expand its retail footprint. CEO Darren Lampert expressed enthusiasm about continuing the legacy of Community Garden & Greenhouse and enhancing GrowGen's offerings. With 60 stores across 17 states, GrowGen aims to provide top-quality products and services to both commercial and home-grow customers.
GrowGeneration Corp. (NASDAQ: GRWG) reported a full-year net revenue of $278.2 million, at the high end of guidance, but experienced a significant net loss of $163.7 million for 2022. The fourth quarter saw revenues fall to $54.5 million, a 40% decrease, with same-store sales down 51.9%. The gross profit for the year also declined to $70.3 million, representing 25.3% of revenues. The company projects 2023 revenues between $250 million and $270 million, with adjusted EBITDA expected to improve from a loss of $4 million to a potential profit of $1 million.
GrowGeneration Corp. (NASDAQ: GRWG) will announce its financial results for the fourth quarter and full year ending December 31, 2022, on March 15, 2023, after market close. A live conference call will follow at 4:30 p.m. EST, accessible via phone or webcast. GrowGeneration operates 60 specialty hydroponic and organic garden centers across 16 states, including California and Michigan. These centers provide a range of products for both commercial and home growers, contributing to the company's position as the largest in its sector in the U.S.
GrowGeneration Corp. (NASDAQ: GRWG), the largest chain of specialty hydroponic and organic garden centers in the U.S., has appointed Clifton Tomasini as Vice President of Operations. He brings extensive experience from his previous roles in the hydroponics industry, including building Quest and managing supply chain operations at Therma-Stor LLC. Tomasini aims to enhance operational efficiency and customer satisfaction at GrowGen, which operates 60 stores across 16 states and an online superstore. The company sells a wide range of products for both commercial and home growers, emphasizing high-quality offerings to meet growing demand.
GrowGeneration Corp. (NASDAQ: GRWG) announced the acquisition of inventory and equipment from The Grow Store, a long-established hydroponic retailer in Traverse City, Michigan, enhancing its market presence in northern Michigan. This strategic move aims to better serve the local grower community, supporting GrowGen's commitment to high-quality products and extensive customer service. With 60 stores across 16 states, GrowGen continues to expand its footprint in the hydroponics market, reinforcing its position as a leading specialty retailer in the sector.
