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 (NASDAQ: GRWG) features frequently in news coverage as one of the nation’s largest specialty hydroponic and organic gardening retailers and a supplier of products for controlled environment agriculture (CEA), commercial cultivation, and retail garden centers. Company press releases and SEC filings provide regular updates on its financial performance, proprietary product launches, distribution partnerships, and participation in industry events.
News about GrowGeneration often centers on quarterly financial results, where the company reports net sales, gross margin trends, operating expenses, and the contribution of proprietary brands to Cultivation and Gardening revenue. These releases highlight how private‑label brands such as Char Coir, Drip Hydro, PowerSi, Ion lights, The Harvest Company, and Viagrow influence margins and segment performance.
Another recurring theme in GRWG news is product and technology announcements. For example, the company has announced the launch of Dialed In under‑canopy LED lighting systems and related environmental and fertigation solutions designed for commercial cannabis cultivation. Such stories provide detail on how GrowGeneration develops and markets specialized equipment for indoor, greenhouse, and mixed‑light environments.
GrowGeneration also issues news about wholesale and distribution initiatives, including partnerships that expand the reach of its proprietary brands into additional lawn and garden channels, independent retailers, and national accounts. These items describe how the company’s wholesale and B2B strategy extends beyond its own retail locations and online platforms.
In addition, the company regularly announces its participation in industry conferences and expos in the United States and abroad, where it exhibits cultivation solutions and engages with commercial operators, distributors, and investors. Investors and observers who follow GRWG news can use this page to review these press releases and related updates in one place.
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.
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.