|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||3.5700 - 3.6500|
|52 Week Range||2.0490 - 5.1000|
|Beta (3Y Monthly)||2.40|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 5, 2019 - Apr 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.20|
GrowGeneration Corp. shares rallied Wednesday to mark a rare splash of green in a falling cannabis sector that is still under pressure from the revelations of illegal activity at CannTrust Holdings Inc.
GrowGeneration Corp. , an owner and operator of specialty retail hydroponic and organic gardening stores serving the cannabis sector, said Wednesday it has appointed Bob Nardelli, a former chief executive of Home Depot as a senior strategic adviser. Nardelli will work with management to explore potential partnerships, advising the company's CEO Darren Lampert and board on matters relating to the supply chain, merchandise, branding, distribution, new product launches, pricing and channel selection. Nardelli headed the home-improvement store chain from 2000 to 2007. "I believe GrowGeneration has a solid execution track record, is strongly differentiated from its peers, has achieved scale throughout the supply chain of the hydroponic industry, and is poised to go to the next level," Nardelli said in a statement. GrowGeneration shares were not active premarket, but have gained 39% in 2019, while the S&P 500 has gained 19%.
DENVER , July 10, 2019 /CNW/ - GrowGeneration Corp. (OTCQX:GRWG), ("GrowGen" or the "Company") one of the largest chains of specialty retail hydroponic and organic gardening stores in the world, announced today that it has appointed Bob Nardelli as a strategic advisor. Mr. Nardelli and GrowGeneration will work collaboratively and strategically to explore potential partnerships that will bring value to each division of GrowGeneration. Nardelli will serve as a senior advisor to the Company's Chief Executive Officer and Board of Directors, providing advice on matters relating to supply chain, merchandise, branding, distribution, new product introductions, pricing and channel selection.
GrowGeneration (OTC: GRWG ), a specialty retail hydroponic and organic gardening stores, completed a private placement totaling .8 million . The company issued 4,123,254 shares at a price of $3.10 and ...
DENVER, June 26, 2019 /PRNewswire/ - GrowGeneration Corp. (OTCQX: GRWG), ("GrowGen" or the "Company") one of the largest specialty retail hydroponic and organic gardening stores, announced today that it has completed an upsized, private placement totaling $12.8 million. The Company issued 4,123,254 shares at a price of $3.10 and 2,061,632 warrants exercisable at $3.50 per share.
GrowGeneration (OTCQX: GRWG) has purchased the assets of GreenLife Garden Supply, including two locations in Maine and one in New Hampshire. The acquisition brings the company's total retail and warehouse locations to five that services the growing number of commercial cultivators in the New England market. Target Group (OTCQB: CBDY) subsidiary Canary Rx has submitted a site […]The post Cannabis Stock News Daily Roundup May 15 appeared first on Market Exclusive.
GrowGeneration Corp (OTC: GRWG ), a chain of specialty retail hydroponic and organic stores, said it has acquired GreenLife Garden Supply, allowing the company to expand its number of locations. The terms ...
DENVER, CO, May 14, 2019 /PRNewswire/ - GrowGeneration Corp. (GRWG), ("GrowGen" or the "Company"), the largest chain of specialty retail hydroponic and organic garden centers, with 21 locations serving both commercial and home growers, today announced that it has purchased the assets of GreenLife Garden Supply, with 2 locations in Maine and 1 location in New Hampshire. Following the acquisition, GrowGen now has 5 retail and warehouse locations servicing the growing number of commercial cultivators in the New England market. "GreenLife marks our 5th acquisition in 2019, adding $7 Million in revenue to our Company.
GrowGeneration Corp. shares soared 8.5% in early trade Tuesday, after the Denver-based maker of specialty hydroponic and organic garden centers posted earnings for the first quarter. The company, which has operations in eight states that have legalized cannabis for medical or recreational use, said it swung to a net profit of $229,421 in the quarter from a loss of $953,430 in the year- earlier period. Revenue rose to $13.1 million from $4.4 million. Like many companies in the cannabis sector, GrowGeneration does not have reliable FactSet consensus numbers. Same-store sales rose 42%. "With our significant top and bottom-line growth, we were able to reduce our operating expenses by 26% and our corporate overhead by over 100 % as a percentage of our revenue," Chief Executive and co-Founder Darren Lampert said in a statement. "With Q2 being our traditional strongest quarter, revenue and net income are trending significantly higher than our Q1 numbers." The company's newly acquired stores and new store openings are performing better than expected and the company has a pipeline of acquisition targets that are set to close in the second quarter. The company is planning to "uplist" to a bigger exchange. It currently trades on the U.S. over-the-counter market. it raised its guidance for 2019 revenue to $60 million to $65 million, from prior guidance of $52 million to $58 million offered in early April. Shares have gained 31% in 2019 to date, while the S&P 500 has gained 16%.
Increases Guidance to $60M - $65M and $.14 - $.18 Adjusted EBITDA DENVER , May 7, 2019 /PRNewswire/ - GrowGeneration Corp. (OTCQX: GRWG ), ("GrowGen" or the "Company") one of the largest ...
For the first quarter of 2019, GrowGeneration reported adjusted EBITDA of $615,509, up from a loss $366,945 in the same quarter last year. Co-founder and CEO Darren Lampert qualifies these results as “transformational,” noting GrowGeneration has improved its financial performance in all areas.
DENVER , May 6, 2019 /PRNewswire/ - GrowGeneration Corp. (OTCQX: GRWG ), GrowGeneration ("GrowGen" or the "Company") one of the largest specialty retail hydroponic and organic gardening ...
DENVER , May 3, 2019 /PRNewswire/ - GrowGeneration Corp. (OTCQX: GRWG) ("GrowGen" or the "Company"), one of the largest specialty retail hydroponic and organic gardening store chains, today ...
Cannabis-focused Merida Capital Partners announced a number of developments, including the launch of its third fund, opening a new office in Canada and expanding its team with three new hires. Merida's third $200 million fund will focus on concentrated, high conviction investments in leading companies in the cannabis industry. In addition, as part of its international expansion, Merida has opened an office in Toronto that will work with its flagship office in New York and satellite offices in San Francisco and Bethesda, Maryland.
HENDERSON, NV / ACCESSWIRE / April 3, 2019 / According to a Dec '18 Forbes article, "most of the businesses growing, processing and selling cannabis across the United States are small independently-held ...
Sets 2019 Revenue Guidance at $52M - 58M , Adjusted EBITDA of $.12 - $.16 per share DENVER, CO , April 1, 2019 /PRNewswire/ - GrowGeneration Corp. (OTCQX: GRWG ), ("GrowGen" or the "Company") ...
DENVER, CO , March 27, 2019 /PRNewswire/ - GrowGeneration Corp. (OTCQX: GRWG), GrowGeneration ("GrowGen" or the "Company") one of the largest specialty retail hydroponic and organic ...
Whereas in the past, society largely condemned cannabis and refused to consider the potential benefits of investing in cannabis and/or utilizing cannabis products, those feelings are slowly dissipating. The positive shift in public opinion can be attributed to the fact that the medical community has released data supporting the use of cannabidiol as a form of alternative treatment, given its effectiveness as an anti-inflammatory. Like other sectors whirring with innovation, the cannabis industry is rapidly progressing into the future and, rather than be left behind, investors looking for potential opportunities may want to keep cannabis companies on their radars.
OTCQX and OTCQB Companies Featured at 2019 ROTH Conference NEW YORK , March 13, 2019 /PRNewswire/ -- OTC Markets Group Inc . (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, ...
Premier Health Group (OTC:PHGRF) (CSE:PHGI), Terra Tech Corp (OTCQX:TRTC), GrowGeneration Corp (GRWG), and The Supreme Cannabis Company Inc (SPRWF) (FIRE.TO) represent 4 cannabis companies worth looking into on Thursday. The Company has managed to separate itself because of its dedication to fostering care options for its patient-centric operations. Earlier this year, the Company's executive leadership recognized the potential future applications of cannabis as an alternative form of drug treatment, and in acknowledgment of this possibility, Premier Health Group (OTC:PHGRF) (CSE:PHGI) announced plans to formally enter the cannabis clinic space later this year.
Nabis Holdings (INNPF) (NAB), Innovative Industrial Properties Inc (IIPR), GrowGeneration Corp (GRWG), and OrganiGram Holdings Inc (OGRMF) (OGI.V) are four cannabis companies working to propel their industry into the future. Nabis Holdings (INNPF) (NAB) is a Canadian investment company focused on investing in high-quality cash flowing and strategic assets across multiple aspects of the cannabis sector primarily in the U.S. limited license states with a roadmap to expand globally. The Company presently works throughout the U.S. by identifying companies with high growth potential, where they can then gain a majority stake.
DENVER, CO, Feb. 11, 2019 /PRNewswire/ - GrowGeneration Corp. (GRWG), ("GrowGen" or the "Company") the largest specialty retail hydroponic and organic gardening chain of stores, selling to both the commercial and home cannabis markets, with currently 22 locations, today announced it has acquired the assets of Reno Hydroponics. As an established leader in their market, Reno Hydroponics has been operating for over 10 years. The Reno store will be GrowGeneration's 23rd location and its 2nd in Nevada.