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Growgeneration Corp   (NASDAQ: GRWG)
Other Ticker:  
 
    Sector  Retail    Industry Home Improvement
   Industry Home Improvement
   Sector  Retail
 
Price: $1.0200 $-0.01 -0.971%
Day's High: $1.05 Week Perf: 2.33 %
Day's Low: $ 0.99 30 Day Perf: -5.56 %
Volume (M): 423 52 Wk High: $ 2.70
Volume (M$): $ 431 52 Wk Avg: $1.60
Open: $0.99 52 Wk Low: $0.82



 Market Capitalization (Millions $) 61
 Shares Outstanding (Millions) 59
 Employees 439
 Revenues (TTM) (Millions $) 176
 Net Income (TTM) (Millions $) -50
 Cash Flow (TTM) (Millions $) 2
 Capital Exp. (TTM) (Millions $) 2

Growgeneration Corp
GrowGeneration Corp (NASDAQ: GRWG) is a Denver, Colorado-based retail chain with stores selling soil, hydroponic equipment, lighting, and other cultivation products for marijuana growers. Founded in 2008, the company operates 52 stores in 12 states and Washington D.C. The company also offers products such as high-quality nutrients, advanced lighting technology, cutting edge soil solutions, state-of-the-art greenhouses, and unique hydroponic systems. The company's products cater to greenhouse growers, all levels of home growing enthusiasts, and the agricultural eco-system.

The company's mission is to provide superior customer service, quality products, and expertise to commercial and individual cultivators of cannabis and cannabis-related businesses. GrowGeneration Corp aims to be a one-stop-shop for indoor and outdoor gardeners and boasts a wide range of products including living soils, fertilizers, plant nutrients, LEDs and other indoor growing equipment, which are sold to commercial and home growers. The company, which has seen its stock price rise significantly in the last year, also offers consulting services to help growers maximize their yields.

With Gardening enthusiasts unabating need for quality growing supplies, GrowGeneration has a significant business advantage in this growing industry. Another key advantage for the company is its unmatched customer service, with GrowGeneration taking pride in understanding its customers and providing tailored solutions to meet their needs. The company is also actively involved in the community by supporting local farmers, schools, and other initiatives aimed at promoting healthy lifestyles through the "Grow for Good" program.

In addition to its retail operations, GrowGeneration Corp is also expanding its online presence through its e-commerce platform, where customers can browse through a selection of products and make purchases online, with the option of epick up in-storee. Its website also features a wealth of resources for growers, such as instructional videos, technical articles, and product reviews.

GrowGeneration's commitment to corporate social responsibility and customer satisfaction has been the key driver of their success. The company's management team is led by an experienced team of professionals who bring decades of experience from the horticulture, hydroponics, and retail industries. The company's relentless pursuit of customer satisfaction, coupled with its expanding product offerings, innovative services, and expanding digital platform, make GrowGeneration Corp a company to watch in the years ahead.


   Company Address: 5619 DTC Parkway Greenwood Village 80111 CO
   Company Phone Number: 935-8420   Stock Exchange / Ticker: NASDAQ GRWG


   

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Business Update

Pioneering the Future of Gardening GrowGeneration Unleashes Innovative Product Lines for Green Enthusiasts,

Published Tue, Nov 19 2024 2:47 PM UTC

GrowGeneration Expands Horizons with New Premium Product Lines: A Green Thumb?s Dream In an exciting development for horticulture enthusiasts and indoor gardening aficionados alike, GrowGeneration Corp. (NASDAQ: GRWG) announced today the launch of three new premium product lines under its proprietary brands. Based in Denver, GrowGeneration has solidified its reputation as on...

Business Update

Growing Profits GrowGenerations Journey Through Cultivation Strategies and Revenue Resurgence

Published Thu, Nov 7 2024 4:36 AM UTC

In an ambitious move to bolster its standing as a leader in the...

Business Update

Growing Profits Webinar on Cultivation Success by GrowGeneration and MJ Biz Daily

Published Wed, Nov 6 2024 10:36 PM UTC

As the cannabis industry continues to evolve, the emphasis on operational efficiency and profitability has never been stronger. In a key initiative to support cultivators, GrowGeneration Corp. (NASDAQ: GRWG), a leading provider of specialty hydroponic and organic gardening supplies, will co-host an insightful webinar in collaboration with MJ Biz Daily. Scheduled for November...

Growgeneration Corp

GrowGeneration Corp Reports Unexpected Revenue Decline During Fiscal Second Quarter of 2024

Understanding GrowGeneration Corp's Performance: A Look at Financial Results and Market Positioning
In an ongoing narrative of growth and challenge within the hydroponic and organic gardening industry, GrowGeneration Corp. (NASDAQ: GRWG) recently unveiled its financial results for the second quarter ended June 30, 2024. Despite a commendable increase in net sales and proprietary brand performance, the company?s share performance year to date has trailed the broader market, which has seen an impressive 17.63% increase. This raises crucial questions about the implications of these results for GrowGeneration?s future trajectory.

Financial Highlights
- Net Sales Growth: In Q2 2024, GrowGeneration achieved net sales of $53.5 million, reflecting an 11.8% increase from the prior quarter. This marks a significant step in the company's revenue strategy, showcasing the firm?s resilience in a competitive market.

- Proprietary Brand Performance: Proprietary brand sales accounted for 21.5% of the cultivation and gardening net sales, indicating that there is a growing consumer preference for GrowGeneration?s in-house products. This shift could bode well for future profitability and brand loyalty.

Business Update

GrowGeneration Sets New Record with Strong Second Quarter Results, Implements Strategic Plan for Future Growth

Published Tue, Jul 23 2024 8:47 AM UTC

DENVER In a major stride towards establishing itself as a dominant force in the hydroponic and organic gardening industry, GrowGeneration Corp. (NASDAQ: GRWG) unveiled its second quarter preliminary results for 2024, showcasing astonishing growth and a strategic restructuring plan that promises further expansion and profitability.During the second quarter of 2024, GrowGene...







Growgeneration's Segments
Cultivation and Gardening    89.06 % of total Revenue
Storage Solutions    13.81 % of total Revenue
Proprietary brand sales Cultivation and Gardening    28.48 % of total Revenue
Non-proprietary brand sales Cultivation and Gardening    60.59 % of total Revenue
Commercial fixture sales Storage Solutions    13.81 % of total Revenue
Consumables Cultivation and Gardening    66.43 % of total Revenue
Durables Cultivation and Gardening    22.64 % of total Revenue
Durables Storage Solutions    13.81 % of total Revenue

  Growgeneration Outlook

On July 23 2024 the Growgeneration provided following guidance

nnGrowGeneration Corp. Reports Preliminary Results for Q2 2024, Introduces Strategic Restructuring Plan to Foster Profitabilitynn

DENVER ? GrowGeneration Corp. (NASDAQ: GRWG) (commonly referred to as GrowGen), a leading retailer and distributor of specialized hydroponic and organic gardening supplies across the United States, has unveiled its preliminary unaudited financial results for the second quarter of 2024. The company anticipates achieving net revenue exceeding $53 million for this quarter, marking a substantial sequential growth of at least 10.6% from the $47.9 million tallied in the previous quarter.

In addition to these promising financial projections, GrowGeneration is also embarking...





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