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Customer Retention Drives GrowGeneration's Q3 Results: Sales Up, Revenue Down
Wednesday, November 13, 2024 - 8:46am | 546GrowGeneration Corp. (NASDAQ:GRWG), a major U.S. retailer of hydroponic and organic gardening products, reported its Q3 2024 financial results Tuesday afternoon with a mixed performance. Net sales declined 10.2% year-over-year, totaling $50 million, down from $55.7 million in the same quarter of...
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GrowGeneration's Q2 Revenue Jumps 11.8% - Can Restructuring Drive Profits?
Thursday, August 8, 2024 - 7:18pm | 416GrowGeneration Corp. (NASDAQ: GRWG), a distributor of products for indoor and outdoor hydroponic and organic gardening, reported second-quarter net revenue of $53.5 million on Thursday afternoon, reflecting an 11.8% increase quarter-over-quarter. CEO Darren Lampert highlighted several key areas of...
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GrowGeneration Reports Q4 & 2023 Results: Sales Dip, Earns More Per Sale Thanks To Smart Product Strategy
Wednesday, March 13, 2024 - 5:39pm | 668GrowGeneration Corp. (NASDAQ: GRWG), a top provider of hydroponic and organic gardening products reported its financial results for 2023, with net revenue reaching $225.9 million, outperforming expectations. Despite this achievement, the year witnessed a revenue decrease of 18.8%. This decline,...
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Hydroponic Giant GrowGen Faces Q3 Challenges: A Closer Look at Financial Results
Wednesday, November 8, 2023 - 9:56pm | 426While maintaining a presence in 18 states with 50 stores, Denver-based GrowGeneration Corp. (NASDAQ: GRWG) reported a 13% decrease in net sales, totaling $55.7 million. Comparable store sales dropped by 14.4% compared to the previous year. The U.S. chain of specialty hydroponic and organic garden...
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EXCLUSIVE: Cannabis CEOs Address How To Attract Investors Amid Changing Regulations
Thursday, September 28, 2023 - 9:50am | 715"The right investors are not scared by the complexity of cannabis regulations," TILT Holdings (CSE: TILT) (OTC: TLLTF) CEO Tim Conder said at the Benzinga Cannabis Capital Conference. "If they are, it's a giant red flag," he added. Conder and other industry experts convened...
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Hydroponic Retailer GrowGeneration Cultivates Success In Alaska With Southside Garden Supply Acquisition
Tuesday, May 23, 2023 - 7:51pm | 372GrowGeneration Corp. (NASDAQ: GRWG), the largest chain of hydroponic and organic garden centers in the US., has acquired Southside Garden Supply in Alaska. "As a part of the transaction, GrowGen took over both existing store locations at 2809 Artic Boulevard, Anchorage, Alaska, and 449 West...
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Hydroponic Retailer GrowGeneration Posts $56.8M In Q1 2023 Revenue
Wednesday, May 10, 2023 - 9:19am | 324GrowGeneration Corp. (NASDAQ: GRWG), the largest hydroponic and organic garden center chain, reported its financial results for the first quarter ending March 31, late Tuesday, posting revenue of $56.8 million, an increase of 1.58% from the prior year's gross margin of 27.1% and $71.9 million...
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Urban-gro, GrowGeneration, Metrc, and Flora Growth Discuss Creating Efficient Cannabis Supply Chains
Tuesday, April 18, 2023 - 9:15am | 505At the Benzinga Cannabis Capital Conference, top executives in the cannabis industry convened to discuss the effects of consolidating a global cannabis supply chain, which can lead to improved efficiency and competitiveness for businesses. The conference brought together major players in the...
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GrowGeneration Reports Q1 Financial Results, Net Sales Declined 9.2%
Tuesday, May 10, 2022 - 5:21pm | 760GrowGeneration Corp. (NASDAQ: GRWG), the largest chain of specialty hydroponic and organic garden centers with 63 locations across 13 states, reported its financial results late Tuesday for the first quarter ended March 31, 2022. First Quarter 2022 Highlights Compared to Prior-Year Period Net...
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GrowGeneration Expands Michigan Footprint Via Big Green Tomato Deal
Tuesday, October 20, 2020 - 1:28pm | 278GrowGeneration Corp. (NASDAQ: GRWG) confirmed the acquisition of Big Green Tomato. The Denver-based hydroponics retail chain, which serves the cannabis companies in the U.S, obtained the two-store chain, which generates approximately $16 million in revenue yearly. Under the deal, GrowGen...