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Growgeneration Corp   (GRWG)
Other Ticker:  
 
    Sector  Retail    Industry Home Improvement
   Industry Home Improvement
   Sector  Retail
 
Price: $2.0000 $0.00 0.000%
Day's High: $2.22 Week Perf: -2.91 %
Day's Low: $ 1.98 30 Day Perf: -13.79 %
Volume (M): 2,303 52 Wk High: $ 5.00
Volume (M$): $ 4,606 52 Wk Avg: $2.93
Open: $2.04 52 Wk Low: $1.77



 Market Capitalization (Millions $) 122
 Shares Outstanding (Millions) 61
 Employees 684
 Revenues (TTM) (Millions $) 225
 Net Income (TTM) (Millions $) -47
 Cash Flow (TTM) (Millions $) -10
 Capital Exp. (TTM) (Millions $) 7

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
   


   

Stock Performances by Major Competitors

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Growgeneration Corp

GrowGeneration Corp Faces Challenges with Steep 7.988% Contraction in Revenue in Fourth Quarter Earnings Report

The recent financial results for GrowGeneration Corp paint a picture of both challenges and opportunities for the company going forward. While the fourth quarter of 2023 saw a decrease in net revenues and same-store sales, there was an increase in gross profit. This indicates that the company may be managing its costs effectively, despite a decline in revenue. The strategic partnership with Quest Climate also shows that GrowGeneration is actively seeking ways to expand its product offerings and better serve its customers.
However, the increase in net loss, lower orders leading to fading revenue, and larger losses in the October to December 31 2023 fiscal timeframe are causes for concern. The significant drop in revenue year-on-year, as well as the decrease in inventories, may signal a decline in demand for GrowGeneration's products. The increase in accounts receivable could indicate rising demand, but this needs to be balanced against the overall financial health of the company.

Product Service News

GrowGeneration's HRG Distribution and Quest Climate Join Forces to Uphold Dehumidification Technology in Cultivation

Published Thu, Feb 29 2024 1:00 PM UTC

GrowGeneration?s HRG Distribution Enters Strategic Partnership with Quest ClimateGrowGeneration Corp. (NASDAQ: GRWG), the largest chain of specialty hydroponic and organic garden centers in the United States, has announced a strategic partnership between its distribution arm, HRG Distribution, and Quest Climate, a pioneering leader in advanced dehumidification technology. Th...

Product Service News

Drip Hydro Releases Game-Changing Powder Nutrient System for Cannabis Cultivation

Published Thu, Feb 1 2024 3:00 PM UTC

Drip Hydro, a leading Pentagon player in the agricultural innovation and hydroponic gardening sector, is set to revolutionize the field with its cutting-edge powder nutrient line. The breakthrough product line was released as part of a partnership with GrowGeneration Corp., the largest chain of hydroponic and organic garden centers in the United States. The powder nutrient l...

Business Update

GrowGeneration Projects Astonishing Revenue Growth in 2023: Full-Year Guidance Update Reveals Strong Performance Ahead of ICR Conference

Published Mon, Jan 8 2024 1:00 PM UTC

GrowGeneration Expects Revenue to Soar in 2023: Provides Full-Year Guidance UpdateGrowGeneration Corp. (NASDAQ: GRWG), the leading hydroponic and organic garden center chain in the United States, has recently announced an update to its full-year 2023 financial forecast. With their revenue exceeding expectations, the company now anticipates revenue for 2023 to be at the top-e...

Growgeneration Corp

Home Improvement Company Reports Loss of $-0.12 per Share in Third Quarter of 2023 Earnings Season

GrowGeneration Corp, a leading chain of specialty hydroponic and organic garden centers in the United States, has experienced significant fluctuations in its stock price over the past week. During this period, the company's stock gained an impressive 17.01%, reflecting positive market sentiment and investor confidence. However, when compared to the previous year, the stock has seen a decline of -34.01%.
One prominent factor contributing to the recent increase in losses for GrowGeneration Corp is declining orders. This trend has led to a rise in the company's loss per share, which increased from $-0.12 to $-0.12. Additionally, the company's revenue has fallen by -22.106%, with $55.19 million generated in the most recent financial period, compared to $70.85 million the previous year.






 

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Earnings Outlook
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