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 appointed Aaron Hook as the new Vice President of Sales, aiming to enhance revenue growth and sales strategies. With over 15 years of experience in controlled environment agriculture, Hook previously held leadership roles at Sunlight Supply and Hawthorne. Co-Founder Darren Lampert expressed enthusiasm about Hook's appointment, emphasizing his valuable background in the industry. GrowGeneration operates 59 stores across 16 states and serves as a key supplier in the hydroponics and organic gardening market.
GrowGeneration Corp. (NASDAQ: GRWG), the leading chain of hydroponic and organic garden centers in the U.S., will participate in the 25th Annual ICR Conference from January 9-11, 2023, in Orlando, Florida. CEO Darren Lampert will engage in a live fireside chat on January 10, 2023, at 11:30 AM ET, accessible via the Company’s Investor Relations website. GrowGen operates 59 stores across 16 states, specializing in hydroponic supplies and organic gardening products, and also runs an online superstore for cultivators.
GrowGeneration Corp. (NASDAQ: GRWG) opens its 60th store in Mount Holly, New Jersey, on November 21, 2022, expanding to 16 states. The 7,700-square-foot store will feature vertical farming demonstrations and support for growers. CEO Darren Lampert highlighted New Jersey's potential market growth, citing strong medical patient bases and numerous conditional licenses. The company aims to aid social equity license holders through educational programs, with 30 active participants in the region to date.
GrowGeneration Corp. (NASDAQ: GRWG) has partnered with Grodan, becoming the first Platinum Certified dealer of Grodan's stone wool growing solutions in the U.S. This partnership aims to enhance GrowGen's market position by providing innovative and sustainable products to its customers at competitive prices. GrowGen currently operates 59 specialty hydroponic and organic gardening centers across the United States. The partnership is expected to promote Grodan’s advanced crop steering products through GrowGen's extensive retail footprint.
GrowGeneration Corp. (NASDAQ: GRWG) will participate in the 11th annual Marijuana Business Conference and Cannabis Expo (MJBizCon) from November 16-18, 2022, at the Las Vegas Convention Center. The company plans to showcase its leading products such as Charcoir coco coir and Power Si. Additionally, MMI Agriculture will debut a new single bench system at the expo. Senior management, including CEO Darren Lampert and President Michael Salaman, will attend. GrowGen currently operates 59 stores across 15 states and offers a wide range of hydroponic and organic gardening products.
GrowGeneration Corp. (NASDAQ: GRWG) announced its acquisition of St. Louis Hydroponic Company, entering the St. Louis market as adult-use sales are set to begin following recent voter approval. This strategic move enhances GrowGen's retail footprint, positioning the company in an expanding market with over 200,000 medical patients and new home cultivation licenses. With 59 stores across 15 states, GrowGen aims to leverage the St. Louis Hydroponic team's 40 years of combined experience to capture market share and drive growth in Missouri.
GrowGeneration Corp. (NASDAQ: GRWG) reported third-quarter 2022 net sales of $70.9 million, down 39% year-over-year due to decreased industry demand. Comparable store sales fell 58.1%, leading to a net loss of $7.2 million or $0.12 per share. Adjusted EBITDA loss was $2.6 million. Positive cash flow of $8.3 million was generated, with cash reserves at $71.1 million and no debt. The company raised its 2022 revenue guidance to $270-280 million and adjusted EBITDA loss guidance to $10-13 million. Future expansion plans were also highlighted, including two new stores in Missouri and New Jersey.
GrowGeneration Corp. (NASDAQ: GRWG) will release its financial results for Q3 ended September 30, 2022, on November 7, 2022, after market close. A live earnings conference call will follow at 5:00 p.m. EDT. The company operates the largest chain of specialty hydroponic and organic garden centers with 58 locations across 14 states, including a significant presence in California and Colorado. Investors can access the webcast through the company's Investor Relations website.
GrowGeneration Corp. (NASDAQ: GRWG) is expanding its footprint in the hydroponics market with a new store opening in Richmond, Virginia, on September 26, 2022. This location will be the company's first in Virginia and joins the existing 60 locations across 15 states. Additionally, GrowGeneration has signed leases for two new stores in Mount Holly, New Jersey and Hazelwood, Missouri, set to open in Q4 2022, bringing the company's total operational states to 17.
The Richmond store will cater to the growing demand for hydroponics solutions, including cultivation design and project consultation.
GrowGeneration Corp. (NASDAQ: GRWG), the largest chain of hydroponic and organic garden centers, announced participation in two upcoming investor conferences. CEO Darren Lampert will meet with investors at the Lake Street BIG 6 Conference in New York on September 14, 2022, and at the Wells Fargo Consumer Conference in Dana Point on September 21, 2022. GrowGen operates 60 locations across 14 states and offers a variety of gardening products online at growgeneration.com.
