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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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Hydroponics Giant Announces $6M Share Repurchase Program, CEO Says Understanding 'Where Every Nickel Goes' Is Vital For Business Growth
Thursday, March 28, 2024 - 12:20pm | 644Cannabis-focused hydroponics giant GrowGeneration Corp. (NASDAQ:GRWG) announced this week that its board of directors has authorized the company's first share repurchase program to repurchase up to $6 million of its outstanding common stock. Beginning on April 1, the share repurchase program will...
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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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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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Growing Cannabis: Hydroponics vs Aeroponics
Saturday, March 25, 2023 - 1:05pm | 2204This article was originally published on 2Fast4Buds and appears here with permission. Hydro and soil are two great ways to grow cannabis that work better in different setups, despite their differences, you can have great results in both of them. There are a lot of ways to grow high-quality...
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Hydrofarm Q4 Revenue Declines 11% Sequentially to $110.4M
Tuesday, March 1, 2022 - 6:47pm | 457Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture ("CEA"), announced its financial results for its fourth quarter and full fiscal year ended December 31...
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EXCLUSIVE: This Company Is Making NYSE-Traded SMG Millions Of Dollars In The Cannabis Industry
Monday, November 1, 2021 - 10:38am | 127Chris Hagedorn, president of The Hawthorne Gardening Company, a vertically integrated hydroponics supply company owned by Scotts Miracle-Gro Co (NYSE: SMG), where he also serves as an executive vice president, was a guest at a special broadcast of the Benzinga Cannabis Hour, ...
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GrowGeneration Inks Distribution Agreement With Groundwork BioAg To Provide Cannabis Growers With Mycorrhizal Inoculants
Friday, October 8, 2021 - 11:05am | 413Hydroponics innovator GrowGeneration Corp. (NASDAQ: GRWG) and Groundwork BioAg, a global bio-agriculture company, announced Thursday that they have entered into a distribution agreement to offer DYNOMYCO, a unique brand of highly-concentrated mycorrhizal inoculants specifically formulated for...
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IPO Preview: Honest Company, Chinese Lifestyle Brand Onion Global, Hydroponic iPower Lead Group
Monday, May 3, 2021 - 6:32pm | 1087The week of May 3 has several IPOs on the docket spread across sectors like consumer products, fashion, banking, vaccines and hydroponics. Here is a look at this week’s top offerings and details investors should know. Waterdrop: Working with insurance companies, Waterdrop (NYSE: WDH) seeks to...
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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...
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GrowGeneration Enters Arizona Cannabis Market Via Hydroponics Depot Deal
Monday, October 12, 2020 - 2:35pm | 242GrowGeneration Corp. (NASDAQ: GRWG) is entering the state of Arizona via the acquisition of Phoenix-based Hydroponics Depot. The Denver-based company, a large hydroponics retail chain serving the cannabis industry in the U.S., expands to the Arizona market at an opportune time....
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GrowGeneration Says It Did $1M In Online Sales In April
Thursday, May 14, 2020 - 2:25pm | 278Farm supply company GrowGeneration Corp. (NASDAQ: GRWG) reported first-quarter revenue Thursday that rose 151% year-over-year to $33 million. Grow Generation posted a quarterly adjusted EBITDA of $2.7 million versus an adjusted EBITDA of $600,000 in the first quarter of 2019. The...
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Emerald Harvest Donates Hand Sanitizer During Pandemic: 'The Right Thing To Do'
Monday, March 30, 2020 - 2:43pm | 373Hydroponics nutrient manufacturer Emerald Harvest has decided to join many other companies in the fight against the coronavirus pandemic. “Giving back is the right thing to do," said Emerald Harvest CEO Rob Higgins. "Together, we are all part of the solution....
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GrowGeneration To Acquire 'Tremendous Hydroponic Operation' Healthy Harvest
Wednesday, February 26, 2020 - 4:51pm | 215GrowGeneration Corp (NASDAQ: GRWG), a chain of retail hydroponic and organic garden centers with 26 locations, announced Wednesday that the company has purchased the assets of Healthy Harvest, which GrowGeneration said is the largest hydroponic operation in the Southeast region. With...
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GrowGeneration CEO Says Hydroponic Supplier Is A Public Company Success Story
Tuesday, February 25, 2020 - 1:24pm | 286GrowGeneration Corp. (NASDAQ: GRWG), the largest hydroponic equipment supplier for commercial and at-home growers, first went public via OTC markets before uplisting to the Nasdaq in December. The company has capitalized on the move and seen increased institutional interest and liquidity that has...