GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. It engages in the marketing and distribution of horticultural, organics, and lighting and hydroponics products, including lighting fixtures, nutrients, seeds and growing media, systems, trays, fans, filters, humidifiers and dehumidifiers, timers, instruments, water pumps, irrigation supplies, and hand tools. The company also operates GrowGen.Pro, an online e-commerce store. The company serves commercial and urban cultivators growing specialty crops, including organics, greens, and plant-based medicines. As of March 16, 2021, it operated a chain of 51 stores, which includes 8 locations in Colorado, 18 locations in California, 2 locations in Nevada, 1 location in Arizona, 2 locations in Washington, 6 locations in Michigan, 1 location in Rhode Island, 5 locations in Oklahoma, 2 locations in Oregon, 5 locations in Maine, and 1 location in Florida, as well as an online e-commerce store. The company was formerly known as Easylife Corp. GrowGeneration Corp. was founded in 2008 and is headquartered in Denver, Colorado.
IPO Year:
Exchange: NASDAQ
Website: growgeneration.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/20/2024 | Outperform → Perform | Oppenheimer | |
| 5/10/2023 | $4.25 → $4.75 | Hold → Buy | Craig Hallum |
| 8/5/2022 | $7.00 → $4.50 | Buy → Neutral | Alliance Global Partners |
| 3/3/2022 | $20.00 → $8.00 | Buy → Neutral | Roth Capital |
| 3/3/2022 | Buy → Neutral | ROTH Capital | |
| 3/2/2022 | $9.00 → $8.00 | Equal-Weight | Wells Fargo |
| 3/1/2022 | $11.00 → $9.00 | Equal-Weight | Wells Fargo |
| 1/14/2022 | $12.50 | Buy → Hold | Craig-Hallum |
| 12/7/2021 | $18.00 | Equal Weight | Wells Fargo |
| 11/12/2021 | $41.00 → $24.00 | Buy → Hold | Stifel |
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DENVER, June 09, 2025 (GLOBE NEWSWIRE) -- GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGen" or the "Company"), the nation's largest specialty retailer of hydroponic and organic gardening products, today announced its acquisition of Viagrow, a domestic supplier of gardening and hydroponic equipment, in a move that expands the Company's presence in the home gardening and big box retail segments. Under the terms of the agreement, GrowGen is purchasing Viagrow, currently a $3 million annual revenue company, for cash and stock considerations. Founded in 1998 in Athens, Georgia, Viagrow offers a selection of gardening supplies, including eco-friendly growing media, professional-grade equipment, and
Proprietary brand sales increased to 32.0% as a percentage of Cultivation and Gardening net sales Gross profit margin of 27.2%, both a sequential and year-over-year improvement Cash, cash equivalents, and marketable securities balance of $52.6 million and no debt GrowGeneration sets second quarter revenue outlook to exceed $40 million DENVER, May 08, 2025 (GLOBE NEWSWIRE) -- GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGeneration," "GrowGen," or the "Company"), the nation's largest specialty hydroponic and organic gardening retailer, today announced financial results for the first quarter of 2025. First Quarter 2025 Summary(1) Net sales of $35.7 million, reflecting the consolidation of 1
GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGen" or the "Company"), the nation's largest specialty hydroponic and organic gardening retailer, today announced it will release its financial results for the first quarter ended March 31, 2025, on Thursday, May 8, 2025, after market close. The announcement will be followed by a live earnings conference call at 4:30 p.m. ET. To participate in the call, please dial 1-(888)-699-1199 (domestic) or 1-(416)-945-7677 (international). The conference code is 52172. The call will also be webcast and can be accessed here or in the Investor Relations section of the GrowGeneration website at: ir.growgeneration.com. A replay of the webcast will be available ap
Full Year Net Sales of $188.9 million including Proprietary Brand Sales of $39.5 million Full Year Proprietary Brand Sales as a percentage of Cultivation and Gardening net sales increased to 24.2% compared to 18.8% in the prior year End of Year cash, cash equivalents, and marketable Securities balance of $56.5 million and no debt 2025 Outlook calls for Revenue of $170 million to $180 million, Non-GAAP Adjusted EBITDA(1) from a Loss of $2 million to a Profit of $2 million, and significant Gross Margin improvements GrowGeneration Corp. (NASDAQ:GRWG), ("GrowGeneration," "GrowGen" or the "Company"), one of the largest retailers and distributors of specialty hydroponic and organic gardening
GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGen" or the "Company"), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, today announced it will release its financial results for the fourth quarter and full year ended December 31, 2024, on Thursday, March 13, 2025, after market close. The announcement will be followed by a live earnings conference call at 4:30 p.m. ET. To participate in the call, please dial 1-(888)-699-1199 (domestic) or 1-(416)-945-7677 (international). The conference code is 00406. The call will also be webcast and can be accessed here or in the Investor Relations section of the GrowGeneration website a
Same Store Sales increased 12.5% year-over-year Proprietary brand sales increased to 23.8%; Up from 19.4% in the same period of 2023 Cash balance of $55.2 million and no debt GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGeneration," "GrowGen," or the "Company"), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, today announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Summary Net sales decreased 10.2% year over year to $50.0 million for the third quarter 2024, due to 25 less retail locations; Positive same-store sales of 12.5% in the third quarter of 2024 compared to
GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGen" or the "Company"), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, today announced it will release its financial results for the third quarter ended September 30, 2024 on Tuesday, November 12, 2024 after market close. The announcement will be followed by a live earnings conference call at 4:30 p.m. ET. To participate in the call, please dial 1-(888)-699-1199 (domestic) or 1-(416)-945-7677 (international). The conference code is 87243. The call will also be webcast and can be accessed here or in the Investor Relations section of the GrowGeneration website at: ir.growgener
Net Revenue of $53.5 million, up 11.8% quarter-over-quarter Gross Profit Margin of 26.9%, a 110 basis point sequential improvement Operating Expenses reduced by $2.5 million year-over-year Net Loss of $5.9 million and Non-GAAP Adjusted EBITDA(1) Loss of $1.1 million GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGen" or the "Company"), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, today announced financial results for the second quarter ended June, 30, 2024. Second Quarter 2024 Summary Net sales increased 11.8% quarter-over-quarter to $53.5 million; Proprietary brand sales as a percentage of Cultivation a
GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGen" or the "Company"), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, today announced it will release its financial results for the second quarter ended June 30, 2024, on Thursday, August 8, 2024 after market close. The announcement will be followed by a live earnings conference call at 4:30 p.m. ET. To participate in the call, please dial (800) 836-8184 (domestic) or (289) 819-1350 (international). The conference code is 99524. The call will also be webcast and can be accessed here or in the Investor Relations section of the GrowGeneration website at: ir.growgeneration.co
Net Revenue of $47.9 million, At the Top End of Guidance Gross Profit Margin of 25.8% Represents a 230 Basis Point Sequential Improvement Over Fourth Quarter 2023 Net Loss of $8.8 million and Non-GAAP Adjusted EBITDA(1) Loss of $2.9 million, In Line with Guidance GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGen" or the "Company"), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, today announced financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Net sales decreased 3% quarter-over-quarter to $47.9 million Comparable store sales including e-commerce decreased 1.0% to th
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DENVER, June 10, 2025 (GLOBE NEWSWIRE) -- GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGen" or the "Company"), the nation's largest specialty retailer of hydroponic and organic gardening products, today announced it has entered into a distribution agreement with V1 Solutions, a Macedonia-based company that will act as GrowGen's sales and marketing partner for its proprietary product lines throughout the European Union. Additionally, the Company announced the distribution of its proprietary products in Costa Rica, making its products available to cultivators in Central America. Targeted EU Expansion Driven by Evolving Cannabis LandscapeV1 Solutions has developed and maintains key strateg
DENVER, June 09, 2025 (GLOBE NEWSWIRE) -- GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGen" or the "Company"), the nation's largest specialty retailer of hydroponic and organic gardening products, today announced its acquisition of Viagrow, a domestic supplier of gardening and hydroponic equipment, in a move that expands the Company's presence in the home gardening and big box retail segments. Under the terms of the agreement, GrowGen is purchasing Viagrow, currently a $3 million annual revenue company, for cash and stock considerations. Founded in 1998 in Athens, Georgia, Viagrow offers a selection of gardening supplies, including eco-friendly growing media, professional-grade equipment, and
DENVER, June 03, 2025 (GLOBE NEWSWIRE) -- GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGen" or the "Company"), the nation's largest specialty retailer of hydroponic and organic gardening products, today announced that Darren Lampert, GrowGen's Chief Executive Officer and Co-Founder, Michael Salaman, President & Co-Founder, Greg Sanders, Chief Financial Officer, and Matthew Koch, Vice President of Sales, will participate in the Benzinga Cannabis Capital Conference to be held on June 8-10, 2025, in Chicago. Mr. Lampert and Mr. Koch will participate in a panel discussion titled "Can the Sun Compete with the Socket? Greenhouse vs Indoor in the Fight for Premium Pricing" on Tuesday, June 10, 2025
DENVER, May 30, 2025 (GLOBE NEWSWIRE) -- GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGen" or the "Company"), the nation's largest specialty hydroponic and organic gardening retailer, today announced that management will participate in Oppenheimer's 25th Annual Consumer Growth and E-Commerce Conference, to be held virtually on June 9–11, 2025. Darren Lampert, GrowGen's Chief Executive Officer and Co-Founder, will participate in a Fireside Chat on Monday, June 9, 2025 at 9:00 a.m. Eastern Time. A webcast of the Fireside Chat will be available on the GrowGeneration Investor Relations site https://ir.growgeneration.com/news-events/events or via this link: https://wsw.com/webcast/oppenheimer42/
DENVER, May 13, 2025 (GLOBE NEWSWIRE) -- GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGen" or the "Company"), the nation's largest specialty hydroponic and organic gardening retailer, today announced the launch of MMI Storage Solutions' new mobile package and luggage solution designed exclusively for the Waldorf Astoria, one of the world's most iconic luxury hotel brands. This custom-engineered system will elevate the Waldorf guest experience by providing hotel staff with an elegant, efficient, and secure way to handle guest luggage –from arrival, all the way through to checkout. MMI, a division of the Company, is a leader in shelving and mobile storage solutions for businesses. The mobile pa
Proprietary brand sales increased to 32.0% as a percentage of Cultivation and Gardening net sales Gross profit margin of 27.2%, both a sequential and year-over-year improvement Cash, cash equivalents, and marketable securities balance of $52.6 million and no debt GrowGeneration sets second quarter revenue outlook to exceed $40 million DENVER, May 08, 2025 (GLOBE NEWSWIRE) -- GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGeneration," "GrowGen," or the "Company"), the nation's largest specialty hydroponic and organic gardening retailer, today announced financial results for the first quarter of 2025. First Quarter 2025 Summary(1) Net sales of $35.7 million, reflecting the consolidation of 1
Transforms Golf Bag Storage at Florida's Largest Member-Owned Golf Facility GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGen" or the "Company"), the nation's largest specialty hydroponic and organic gardening retailer, today announced the launch of MMI Storage Solutions' new Mobile Golf Bag System at Bonita Bay Club (Bonita Bay), Florida's largest member-owned golf facility. The new system will revolutionize storage operations and drive greater operational efficiency at the club's existing bag room, which manages over 2,800 golf bags daily. Bonita Bay Club, which opened in 1985, is recognized as a leading Platinum Club with five world-class golf courses including two courses (Cypress and Saba
GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGen" or the "Company"), the nation's largest specialty hydroponic and organic gardening retailer, today announced it will release its financial results for the first quarter ended March 31, 2025, on Thursday, May 8, 2025, after market close. The announcement will be followed by a live earnings conference call at 4:30 p.m. ET. To participate in the call, please dial 1-(888)-699-1199 (domestic) or 1-(416)-945-7677 (international). The conference code is 52172. The call will also be webcast and can be accessed here or in the Investor Relations section of the GrowGeneration website at: ir.growgeneration.com. A replay of the webcast will be available ap
New E-Commerce Platform Enhances Procurement Efficiency with Real-Time Inventory, Automated Quoting, and Direct Ordering GrowGeneration Corp. (NASDAQ:GRWG) ("GrowGen" or the "Company"), the nation's largest specialty hydroponic and organic gardening retailer, today announced the official launch of its B2B Pro Portal, an advanced e-commerce platform designed to streamline and modernize purchasing for commercial cultivators and retailers. The Company's B2B e-commerce platform, the GrowGen Pro Portal, utilizes cutting-edge technology to optimize procurement for commercial growers with features such as real-time inventory, automated quoting, and direct ordering. Using the B2B Edition Pro Port
Full Year Net Sales of $188.9 million including Proprietary Brand Sales of $39.5 million Full Year Proprietary Brand Sales as a percentage of Cultivation and Gardening net sales increased to 24.2% compared to 18.8% in the prior year End of Year cash, cash equivalents, and marketable Securities balance of $56.5 million and no debt 2025 Outlook calls for Revenue of $170 million to $180 million, Non-GAAP Adjusted EBITDA(1) from a Loss of $2 million to a Profit of $2 million, and significant Gross Margin improvements GrowGeneration Corp. (NASDAQ:GRWG), ("GrowGeneration," "GrowGen" or the "Company"), one of the largest retailers and distributors of specialty hydroponic and organic gardening
Oppenheimer downgraded GrowGeneration from Outperform to Perform
Craig Hallum upgraded GrowGeneration from Hold to Buy and set a new price target of $4.75 from $4.25 previously
Alliance Global Partners downgraded GrowGeneration from Buy to Neutral and set a new price target of $4.50 from $7.00 previously
Roth Capital downgraded GrowGeneration from Buy to Neutral and set a new price target of $8.00 from $20.00 previously
ROTH Capital downgraded GrowGeneration from Buy to Neutral
Wells Fargo reiterated coverage of GrowGeneration with a rating of Equal-Weight and set a new price target of $8.00 from $9.00 previously
Wells Fargo reiterated coverage of GrowGeneration with a rating of Equal-Weight and set a new price target of $9.00 from $11.00 previously
Craig-Hallum downgraded GrowGeneration from Buy to Hold and set a new price target of $12.50
Wells Fargo initiated coverage of GrowGeneration with a rating of Equal Weight and set a new price target of $18.00
Stifel downgraded GrowGeneration from Buy to Hold and set a new price target of $24.00 from $41.00 previously
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Zoned Properties®, Inc. (the "Company") (OTCQB:ZDPY), a leading real estate development firm for emerging and highly regulated industries including legalized cannabis, today announced the appointment of Jody Kane to its Board of Directors. "We continue to add strong and experienced executives to our leadership team at Zoned Properties. Our expanding team brings specific skill sets and qualifications that we believe will greatly contribute to the Company's mission and vision," said Bryan McLaren, Chief Executive Officer of Zoned Properties. "The addition of Jody Kane to our Board of Directors brings a wealth of experience in capital markets, real estate investing, and the cannabis sector. I
DENVER, Dec. 14, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ:GRWG), ("GrowGen" or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced the retirement of Tony Sullivan, executive vice president and chief operating officer effective immediately. "During his tenure, Tony contributed a great deal to GrowGen, contributing to every part of our operation," said Darren Lampert, GrowGen's CEO. "While we are sad to see him go, Tony felt the timing was right both personally and professionally. The Company thanks him for all o
DENVER, Oct. 20, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ:GRWG), ("GrowGen" or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced the appointment of Becky Gebhardt as Senior Vice President, Marketing and E-commerce. Ms. Gebhardt is a seasoned marketing and e-commerce executive with more than two decades of experience in the global consumer goods industry. She has a proven track record of developing brand vision as well as creating compelling performance, retail, and brand marketing via digital first strategies
DENVER, Sept. 20, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ:GRWG), ("GrowGen" or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced that Eula Adams has been elected to its Board of Directors, effective immediately. Mr. Adams served most recently as CEO of Neuromonics, Inc., a global medical device company providing standalone and cloud based software and hardware solutions for the treatment of tinnitus. He previously served as President and COO of Xcore Corporation, a computer hardware design, assembly, and distribution company. Mr. Adams has an extensive background leading large, diverse organizations. He was Senior Vice Pr
DENVER, May 27, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ:GRWG), ("GrowGen" or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced the appointment of Paul Rutenis as Chief Merchant Officer (CMO), effective June 21, 2021. Mr. Rutenis' two-decade career in retail spans management positions at several large public companies, including Dicks Sporting Goods, West Marine, JC Penney, and RadioShack. Rutenis received his B.S. from Clemson University and holds an MBA from the University of St. Louis. "We're pleased to b
DENVER, May 11, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ:GRWG), ("GrowGen" or the "Company") the largest chain of specialty hydroponic and organic garden centers with 53 locations across 12 states, today announced the appointment of Dennis Sheldon to Senior Vice President of Global Supply Chain, effective May 10, 2021. Mr. Sheldon is a seasoned operation's executive with more than three decades of experience in the global consumer goods industry. Prior to joining GrowGeneration, Dennis was the Chief Operating Officer (COO) at PopSockets, a privately held company in Co
Leading Omni-channel Seller of Specialty Agriculture and Hydroponics Equipment and Supplies Adds Industry Veteran to its Leadership Team Hydrobuilder Holdings LLC ("Hydrobuilder Holdings" or "the Company") a leading omni-channel retailer of specialty agriculture and hydroponics equipment and supplies, today announced the appointment of Will Ford as Vice President of Commercial Sales. Mr. Ford brings significant experience in the hydroponics industry to the Company and has learned the ropes of cultivation and production through first-hand know-how in large-scale outdoor, indoor, and greenhouse cultivation. "We are delighted that Will is joining us as our VP of Commercial Sales. For more th
DENVER, March 24, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced the appointment of Jeffrey Lasher, as Chief Financial Officer (CFO). Jeff's appointment follows the retirement of Monty Lamirato, who has served as the company's CFO since 2016. Mr. Lasher will begin his tenure as CFO on April 15, 2021. A seasoned public company CFO at both West Marine and Crocs (NASDAQ: CROX), Jeff has a proven track record of scaling businesses, building teams, and collaborating across large organizations. Jeff was CFO at Crocs from 2009 to 2014, which grew from $700 million to