GrowGeneration Corp

GrowGeneration Corp. engages in the retail of hydroponic and organic specialty gardening products. It offers 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 was founded by Darren Lampert and Michael Salaman on March 6, 2014 and is headquartered in Greenwood Village, CO.

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GrowGeneration Corp reports sequential revenue growth and margin normalization

GrowGeneration Corp's Q4 2022 performance showed sequential revenue growth and gross margin normalization. The company is focused on cost control, cash generation, and maintaining a strong balance sheet.
Strengths include investments in store expansion, product portfolio enhancement, and private label penetration growth. Challenges include market dynamics in California and the need for same-store sales growth.
Opportunities lie in private label growth, equipment refresh cycles, and capitalizing on industry trends. The company is optimistic about 2023 and aims to right-size the business for future growth.

GrowGeneration Corp reports solid Q1 performance and eyes growth opportunities

GrowGeneration Corp's Q1 performance showed solid revenue, margin, and cash position, with a focus on profitability and growth initiatives. The company is optimistic about future growth but cautious about near-term uncertainties.
Strengths lie in financial stability, strategic focus on margin expansion, and commitment to long-term profitability. Challenges include weather impacts and managing costs effectively.
Opportunities include geographic expansion, increased commercial projects, and legislative developments, aligning with the company's growth strategy and market positioning.

GrowGeneration Corp reports Q2 revenue growth amidst industry challenges

GrowGeneration Corp's Q2 performance showed revenue growth but also highlighted challenges in the cannabis industry and store closures in weak markets. Despite facing headwinds, the company remains focused on profitability, inventory management, and strategic expansion.

GrowGeneration Corp reports Q3 revenue decline, eyes federal reform impact

GrowGeneration Corp navigated challenges in Q3 2023 with a focus on profitability, margin expansion, and strategic store consolidations.
Optimism surrounds future growth, driven by private label products, potential federal reform impacts, and a strong financial position.
Inventory management and product mix enhancements position the company for improved efficiency and growth in the coming quarters.
Despite short-term challenges, GrowGen's strategic initiatives and readiness for market changes indicate a resilient and forward-looking approach.

GrowGeneration Corp beats revenue targets, eyes profitability and expansion

GrowGeneration Corp (GRWG) exceeded revenue guidance in 2023 and started 2024 strong. Focus on profitability and brand expansion for 2024.
Cost optimization efforts and new segmentation into key segments. Positive outlook despite industry challenges and store closures impact.
Opportunities for revenue growth, margin improvement, and strategic acquisitions. Company remains conservative in cash use and optimistic about growth.
Gross margin benefited from private label products and partnerships. Balance sheet strength to be maintained with potential for strategic opportunities.

GrowGeneration Corp reports revenue growth and margin expansion strategies

GrowGeneration Corp showed revenue growth and positive same-store sales comp in Q1 2024.
The company is strategically focusing on margin expansion, brand portfolio expansion, and profitability.
While facing challenges in certain geographies and financial losses, opportunities lie in proprietary brands and market expansions.
Continued investments in B2B portals and customer credit offerings highlight a commitment to growth and customer relationships.

GrowGeneration Corp reports Q3 results, focuses on profitability and growth

GrowGeneration Corp's Q3 performance reflected a focus on profitability and key growth initiatives despite challenges. The company maintains a strong cash position and reiterated full-year revenue guidance.
Strengths include a strong cash position, focus on margin expansion, and the launch of a B2B e-commerce portal. Challenges include net loss, negative adjusted EBITDA, and industry headwinds.
Opportunities lie in B2B customer growth, margin expansion, and strategic business optimization. Cautious optimism surrounds potential legislative changes and industry growth prospects.

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GrowGeneration Corp. engages in the development, marketing, retail, and distribution of hydroponic products and services. It operates through the following segments: Cultivating and Gardening, Storage Solutions, and Corporate. The Cultivating and Gardening segment includes hydroponic and organic gardening business. The Storage Solutions segment involves benching and racking. The company was founded by Darren Lampert and Michael S. Salaman on March 6, 2014 and is headquartered in Greenwood Village, CO.

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DENVER--(BUSINESS WIRE)--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) 836-818.

GrowGeneration Schedules Second Quarter 2024 Earnings Release Conference Call for August 8, 2024

DENVER--(BUSINESS WIRE)--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 certain preliminary unaudited results for the second quarter 2024. Second quarter 2024 net revenue is expected to be over $53 million, a sequential increase of at least 10.6% compared to $47.9 million in the prior quarter. The Company also announced a comprehensive res.

GrowGeneration Announces Second Quarter 2024 Preliminary Results, Strategic Restructuring Plan and Outlines Path to Profitability

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The US cannabis industry is experiencing unprecedented growth, making ancillary cannabis stocks particularly appealing. In 2023, the market was valued at $20 billion, projected to reach $41 billion by 2025. This rapid expansion creates opportunities for companies providing essential services and products to the cannabis sector. Recent news has also fueled investor interest. The Senate's move to advance federal legalization has generated significant buzz. This legislative shift could further boost the industry's growth prospects, attracting more investors to ancillary stocks.

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GrowGeneration is a NASDAQ-listed stock with good trading volumes, and it is a member of the New Cannabis Ventures Global Cannabis Stock Index. Analysts project declining revenue and negative net income for GrowGeneration in 2024, with an improvement in 2025, but with a low adjusted EBITDA margin. Despite declining revenue, GrowGeneration trades below tangible book value, has a strong balance sheet, and the chart supports potential upside.

GrowGeneration: Why I Got Back In

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DENVER--(BUSINESS WIRE)--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 that members of management, including Darren Lampert, CEO and Co-Founder, and Michael Salaman, President and Co-Founder, will attend the Benzinga Cannabis Market Spotlight Conference on June 17, 2024, in New Brunswick, New Jersey. Darren Lampert, Chief Executive Office.

GrowGeneration to Participate in The Benzinga Cannabis Market Spotlight on June 17, 2024

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DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), today announced that the Horticultural Rep Group (HRG), a wholesale division of the Company and a leading distributor in the hydroponic industry, has unveiled its new B2B portal for hydroponic retailers and garden centers. The innovative new portal, HRG Marketplace, aims to revolutionize the way HRG customers and partners across the United States access and procure products. Effective immediately, the HRG.

GrowGeneration's Horticultural Rep Group Unveils B2B Portal for Hydroponic Retailers and Garden Centers Nationwide

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DENVER--(BUSINESS WIRE)--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 that members of its management team will participate in Oppenheimer's 24th Annual Consumer Growth and E-Commerce Virtual Conference to be held on June 10-12, 2024. Gregory Sanders, Chief Financial Officer, will participate in a virtual presentation at the conference on.

GrowGeneration to Participate in Oppenheimer's 24th Annual Consumer Growth and E-Commerce Virtual Conference

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Call Start: 16:30 January 1, 0000 5:08 PM ET GrowGeneration Corp. (NASDAQ:GRWG ) Q1 2024 Earnings Conference Call May 08, 2024 04:30 PM ET Company Participants John Mills - ICR Darren Lampert - Co-Founder & CEO Greg Sanders - CFO Conference Call Participants Brian Nagel - Oppenheimer Scott Fortune - ROTH MKM Eric Des Lauriers - Craig-Hallum Capital Group Mark Smith - Lake Street Capital Markets Remington Smith - Alliance Global Partners Operator Hello, and welcome to GrowGeneration's First Quarter 2024 Earnings Conference Call. My name is Juana.

GrowGeneration Corp. (GRWG) Q1 2024 Earnings Call Transcript

GrowGeneration (GRWG) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.10 per share a year ago.

GrowGeneration (GRWG) Reports Q1 Loss, Tops Revenue Estimates

DENVER--(BUSINESS WIRE)--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 the prior year, but was positive for retail stores Gro.

GrowGeneration Reports First Quarter 2024 Financial Results

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