GROWGENERATION CORP


Associated tags: Retail, Agriculture, Natural Resources, Specialty, Other Retail, Webcast, Calendar

Locations: NEW JERSEY, COLORADO, UNITED STATES, NORTH AMERICA, NEW BRUNSWICK

GrowGeneration Reports Second Quarter 2022 Financial Results

Retrieved on: 
Thursday, August 4, 2022

GrowGeneration Corp. (NASDAQ: GRWG) (GrowGen or the Company), the largest chain of specialty hydroponic and organic garden centers with 62 locations across 14 states, today reported financial results for the second quarter ended June 30, 2022.

Key Points: 
  • GrowGeneration Corp. (NASDAQ: GRWG) (GrowGen or the Company), the largest chain of specialty hydroponic and organic garden centers with 62 locations across 14 states, today reported financial results for the second quarter ended June 30, 2022.
  • In the second quarter of 2022 sales declined 43.5% and we had a $127.8 million impairment of goodwill and intangibles.
  • Revenue from non-retail operations, including distributed brands and MMI, was $12.0 million in the second quarter of 2022, compared to $5.0 million in the same quarter last year.
  • Gross profit was $20.2 million for the second quarter of 2022, compared to $35.7 million for the second quarter of 2021.

GrowGeneration Schedules Second Quarter 2022 Earnings Release and Conference Call for August 4, 2022

Retrieved on: 
Tuesday, July 19, 2022

(NASDAQ: GRWG ) (GrowGen or the Company), today announced it will release its financial results for the second quarter ended June 30, 2022 on Thursday, August 4, 2022 after the market close.

Key Points: 
  • (NASDAQ: GRWG ) (GrowGen or the Company), today announced it will release its financial results for the second quarter ended June 30, 2022 on Thursday, August 4, 2022 after the market close.
  • The announcement will be followed by a live earnings conference call at 5:00 p.m. EDT.
  • To participate in the call, please dial (888) 882-4478 (domestic) or (647) 484-0475 (international).
  • The call will also be webcast and can be accessed in the Investor Relations section of the GrowGeneration website at: ir.growgeneration.com.

GrowGeneration Announces 2022 Annual Meeting Results

Retrieved on: 
Monday, June 27, 2022

(NASDAQ: GRWG) (GrowGen or the Company), the nations largest chain of specialty hydroponic and organic garden centers, today announced voting results from its 2022 annual meeting of shareholders held on June 23, 2022.

Key Points: 
  • (NASDAQ: GRWG) (GrowGen or the Company), the nations largest chain of specialty hydroponic and organic garden centers, today announced voting results from its 2022 annual meeting of shareholders held on June 23, 2022.
  • Additionally, voting results regarding proposals on executive compensation were approved and frequency of votes on executive compensation was approved for a one-year term.
  • A recording of the 2022 annual meeting of shareholders is available at www.virtualshareholdermeeting.com/GRWG2022 for one year after the meeting.
  • While these forward-looking statements represent current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially.

GrowGeneration Announces Jackson, Mississippi Store Opening June 27, 2022

Retrieved on: 
Tuesday, June 21, 2022

(NASDAQ: GRWG ) (GrowGen or the Company), the nations largest chain of specialty hydroponic and organic garden centers, today announced the opening of a new hydroponic garden center to serve the emerging Mississippi market.

Key Points: 
  • (NASDAQ: GRWG ) (GrowGen or the Company), the nations largest chain of specialty hydroponic and organic garden centers, today announced the opening of a new hydroponic garden center to serve the emerging Mississippi market.
  • The new store at 4251 Industrial Drive in Jackson becomes the first in Mississippi, and the Companys 64th store nationwide and will expand the number of states the Company operates in to 14.
  • The store will open on June 27, 2022.
  • These stores are expected to be opened in the second half of 2022 and will expand the number of states GrowGen operates in to 16.

GrowGeneration Debuts Drip Hydro, a Complete Line of Liquid Fertilizer Blends Designed for Commercial Cultivators

Retrieved on: 
Tuesday, May 17, 2022

Drip Hydro was designed to improve quality, reduce costs, and drive consistency.

Key Points: 
  • Drip Hydro was designed to improve quality, reduce costs, and drive consistency.
  • Drip Hydro was formulated with the highest bio-available quality chelates and pharmaceutical grade salts.
  • Only after extensive testing, with some of the countrys best growers, were we ready to bring Drip to the market.
  • GrowGeneration creates and distributes many of its own proprietary private label brands from lighting and benching to nutrients and supplies.

GrowGeneration to Participate in Upcoming Investor Conferences

Retrieved on: 
Thursday, May 12, 2022

(NASDAQ: GRWG) (GrowGen or the Company), the nations largest chain of specialty hydroponic and organic garden centers, today announced that members of its management team are scheduled to participate in the following upcoming investor conferences:

Key Points: 
  • (NASDAQ: GRWG) (GrowGen or the Company), the nations largest chain of specialty hydroponic and organic garden centers, today announced that members of its management team are scheduled to participate in the following upcoming investor conferences:
    Wolfe Research May Consumer Conference: Darren Lampert, Chairman and Chief Executive Officer, will participate in the virtual Cannabis Equipment / Services Panel discussion on Friday, May 13, 2022 at 2:20 p.m. Eastern time.
  • BMO Global Farm to Market Conference: Darren Lampert, Chairman and Chief Executive Officer, will participate in an in-person fireside chat on Thursday, May 19, 2022 at 3:30 p.m. Eastern Time.
  • Mr. Lampert will be available for one-on-one meetings with investors by contacting your BMO representative.
  • GrowGeneration also operates an online superstore for cultivators at growgeneration.com.

GrowGeneration Reports First Quarter 2022 Financial Results

Retrieved on: 
Tuesday, May 10, 2022

GrowGeneration Corp. (NASDAQ: GRWG) (GrowGen or the Company), the largest chain of specialty hydroponic and organic garden centers with 63 locations across 13 states, today reported financial results for the first quarter ended March 31, 2022.

Key Points: 
  • GrowGeneration Corp. (NASDAQ: GRWG) (GrowGen or the Company), the largest chain of specialty hydroponic and organic garden centers with 63 locations across 13 states, today reported financial results for the first quarter ended March 31, 2022.
  • In the first quarter of 2022, on a two-year basis, our same-store sales increased 7.3% compared to the first quarter of 2020.
  • Revenues declined $8.3 million, or 9.2%, to $81.8 million, for the quarter ended March 31, 2022, compared to $90.0 million for the first quarter ended March 31, 2021.
  • Gross profit was $22.1 million for the first quarter of 2022, compared to $25.4 million for the first quarter of 2021.

GrowGeneration To Announce First Quarter 2022 Financial Results on Tuesday, May 10, 2022

Retrieved on: 
Tuesday, May 3, 2022

(NASDAQ: GRWG ), (GrowGen or the Company) today announced it will release its financial results for the first quarter ended March 31, 2022 on Tuesday, May 10, 2022 after the market close.

Key Points: 
  • (NASDAQ: GRWG ), (GrowGen or the Company) today announced it will release its financial results for the first quarter ended March 31, 2022 on Tuesday, May 10, 2022 after the market close.
  • The announcement will be followed by a live earnings conference call at 5:00 p.m. EST.
  • To participate in the call, please dial (800) 289-0438 (domestic) or (647) 484-0478 (international).
  • The call will also be webcast and can be accessed in the Investor Relations section of the GrowGeneration website at: ir.growgeneration.com.

VividGro Partners with GrowGeneration to launch GroBar-X next generation lighting solutions for commercial growers

Retrieved on: 
Tuesday, November 13, 2018

CHICAGO, Nov. 13, 2018 /PRNewswire/ -- VividGro announced today that it has designated GrowGeneration (OTCMKTS: GRWG ) as its first preferred vendor for their GroBar-X series of lighting solutions.

Key Points: 
  • CHICAGO, Nov. 13, 2018 /PRNewswire/ -- VividGro announced today that it has designated GrowGeneration (OTCMKTS: GRWG ) as its first preferred vendor for their GroBar-X series of lighting solutions.
  • "There is nothing on the market that meets our quality and efficacy ratings and is as cost effective as our solutions are.
  • Michael Salaman, President and Co-Founder of GrowGeneration, views the VividGro solution as a unique selling opportunity.
  • VividGro's team of agronomists, engineers and sales professionals are training the GrowGeneration sales professionals on horticultural lighting.