GRWG - GrowGeneration Corp.

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
6.71
-0.16 (-2.33%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bullishpattern detected
Price Crosses Moving Average

Price Crosses Moving Average

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close6.87
Open6.95
Bid0.00 x 800
Ask0.00 x 800
Day's Range6.47 - 6.95
52 Week Range2.62 - 7.82
Volume693,080
Avg. Volume811,561
Market Cap316.437M
Beta (5Y Monthly)1.91
PE Ratio (TTM)N/A
EPS (TTM)-0.01
Earnings DateMay 14, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est8.50
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-72% Est. Return
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • MarketWatch

    GrowGeneration raises $42 million in equity offering

    GrowGeneration Corp. priced an upsized offering of 7.5 million shares at $5.60 each on Tuesday, to raise $42 million. The operator of hydroponic and organic garden centers originally planned to raise just $35 million in the offering. Proceeds will be used to expand its network of centers which currently stands at 27 locations either through organic growth or acquisitions, and for general corporate purposes. The Denver, Colo-based company joins the many companies raising capital via debt or equity offerings during the pandemic. Oppenheimer was sole book-runner on the deal, with Ladenburg Thalmann and Lake Street Capital Markets acting as co-managers. Shares fell 2.8% in premarket trade, but have gained 48% in the year to date, while the S&P 500 has fallen 6%.

  • GrowGeneration Announces Pricing of $42.0 Million Upsized Public Offering of Common Stock
    PR Newswire

    GrowGeneration Announces Pricing of $42.0 Million Upsized Public Offering of Common Stock

    GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company"), the largest chain of stand-alone specialty hydroponic and organic garden centers, currently with 27 locations, today announced the pricing of an underwritten public offering of 7,500,000 shares of its common stock at an offering price of $5.60 per share (the "Offering"). GrowGen expects the gross proceeds from the Offering to be approximately $42.0 million, before deducting the underwriting discount and other estimated offering expenses. The Offering was upsized from the previously announced offering size of $35.0 million of common stock. GrowGen has also granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock offered in the public market. The Company expects to close the Offering on or about July 2, 2020, subject to the satisfaction of customary closing conditions.

  • 3 Stocks Growing Capex Fast
    GuruFocus.com

    3 Stocks Growing Capex Fast

    Massive spending to upgrade property, plant and equipment may catalyze growth Continue reading...

  • GrowGeneration Purchases All the Assets of H2O Hydroponics, LLC
    PR Newswire

    GrowGeneration Purchases All the Assets of H2O Hydroponics, LLC

    GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen") or the "Company"), the largest chain of stand-alone specialty hydroponic and organic garden centers, currently with 27 locations, is pleased to announce that the Company has purchased the assets of H2O Hydroponics, LLC ("H2O"), the largest hydroponic garden center in Lansing, MI. Following the asset purchase, the Company will open a new location in Lansing, MI, which will serve as a retail/commercial operation, as well as a fulfillment center, supporting the Company's online and direct-to-farm deliveries.

  • Is GrowGeneration Corp. (GRWG) A Good Stock To Buy?
    Insider Monkey

    Is GrowGeneration Corp. (GRWG) A Good Stock To Buy?

    In this article we will check out the progression of hedge fund sentiment towards GrowGeneration Corp. (NASDAQ:GRWG) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 […]

  • GrowGeneration Set to Join Russell 3000® Index
    PR Newswire

    GrowGeneration Set to Join Russell 3000® Index

    GrowGeneration Corp. (NASDAQ:GRWG), ("GrowGen" or the "Company"), the largest chain of stand-alone specialty hydroponic and organic garden centers, currently with 27 locations, announced today it is set to join the broad-market Russell 3000® Index. GrowGeneration's inclusion in the Russell 3000® Index will take place at the conclusion of the 2020 Russell indexes annual reconstitution, effective after the US market opens on June 29, according to a preliminary list of additions posted June 5.

  • GrowGeneration Announces $35,000,000 Follow-On Public Offering
    PR Newswire

    GrowGeneration Announces $35,000,000 Follow-On Public Offering

    GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company"), the largest chain of stand-alone specialty hydroponic and organic garden centers, today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed follow-on public offering raising $35,000,000. In connection with the offering, GrowGen expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering.

  • GrowGeneration Reports Record Q1 2020 Revenues of $33.0 Million and Record Adjusted EBITDA of $2.7 Million
    PR Newswire

    GrowGeneration Reports Record Q1 2020 Revenues of $33.0 Million and Record Adjusted EBITDA of $2.7 Million

    GrowGeneration Corp. (NASDAQ:GRWG), ("GrowGen" or the "Company"), the largest chain of specialty hydroponic and organic garden centers, with currently 27 locations, today reported record revenue of $33.0 million for the Q1 2020 and record adjusted EBITDA of $2.7 million. Q1 2020 was the company's 10th consecutive quarter of record revenue. On a GAAP basis the Company shows a GAAP net loss of approximately $2.1 million for Q1 2020 compared to net income of $229,000 for Q1 2019, which is primarily attributable to $4.1 million in non-cash share-based compensation(Shares and Options) for the quarter ended March 31, 2020. The increase in non-cash share-based compensation was primarily the result of several new executive employment agreements which became effective January 1, 2020 that had some accelerated vesting. The non-cash share-based compensation for the remainder of 2020 is projected to be substantially less than the amount recorded in the first quarter of 2020 and based on current awards outstanding is estimated to be approximately $2.4 million for the remainder of 2020. Had the new executive shared based awards been level vested and not front-end vested, the Company would have Q1 2020 net income of approximately $332,000 on a GAAP basis. As we continue to outpace guidance, we are increasing 2020 revenue guidance to $135M-$140M and Adjusted EBITDA to $12.0M-$14.0M. Revenue guidance for Q2 2020 is $36.0M-$37.0M. Guidance for Q2 2020 adjusted EBITDA is $3.6M and GAAP pre-tax net income is $2.1M.

  • GrowGeneration to Report Q1 2020 Earnings on Thursday May 14, 2020
    PR Newswire

    GrowGeneration to Report Q1 2020 Earnings on Thursday May 14, 2020

    GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the largest chain of specialty retail hydroponic and organic garden centers, with currently 27 locations, today announced that the company will host a conference call on Thursday, May 14, 2020 at 9:00AM Eastern Time.

  • Can Mixed Fundamentals Have A Negative Impact on GrowGeneration Corp. (NASDAQ:GRWG) Current Share Price Momentum?
    Simply Wall St.

    Can Mixed Fundamentals Have A Negative Impact on GrowGeneration Corp. (NASDAQ:GRWG) Current Share Price Momentum?

    GrowGeneration (NASDAQ:GRWG) has had a great run on the share market with its stock up by a significant 46% over the...

  • GrowGeneration to Host its 2020 Annual Meeting of Stockholders in Virtual Format Only
    PR Newswire

    GrowGeneration to Host its 2020 Annual Meeting of Stockholders in Virtual Format Only

    GrowGeneration to Host its 2020 Annual Meeting of Stockholders in Virtual Format OnlyPR NewswireDENVER, April 22, 2020DENVER, April 22, 2020 /PRNewswire/ - GrowGeneration Corp. The date and time of the Annual Meeting (Monday, May 11, 2020 at 4:00 p.

  • GlobeNewswire

    INVESTOR ALERT: Fields Kupka & Shukurov LLP Is Investigating GrowGeneration Corp. for Potential Securities Violations

    NEW YORK, April 01, 2020 -- Fields Kupka & Shukurov LLP is investigating potential securities violations involving the board of directors of GrowGeneration Corp. (Nasdaq:.

  • GrowGeneration: Now a 3M Authorized Distributor of 3M™ VentureClad™
    PR Newswire

    GrowGeneration: Now a 3M Authorized Distributor of 3M™ VentureClad™

    GrowGeneration Corp. (NASDAQ:GRWG), the largest chain of specialty hydroponic and organic garden centers, currently with 27 locations, reported today that they are now an authorized distributor of 3M™ VentureClad™, 3M (NYSE:MMM).

  • One Thing To Remember About The GrowGeneration Corp. (NASDAQ:GRWG) Share Price
    Simply Wall St.

    One Thing To Remember About The GrowGeneration Corp. (NASDAQ:GRWG) Share Price

    If you own shares in GrowGeneration Corp. (NASDAQ:GRWG) then it's worth thinking about how it contributes to the...

  • ACCESSWIRE

    GrowGeneration Corp. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / March 30, 2020 / GrowGeneration Corp. (NASDAQ:GRWG) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 30, 2020 at 9:00 ...

  • GrowGeneration Reports Record Fiscal Year 2019 Revenues of $80 Million
    CNW Group

    GrowGeneration Reports Record Fiscal Year 2019 Revenues of $80 Million

    GrowGeneration Reports Record Fiscal Year 2019 Revenues of $80 Million

  • GrowGeneration to Report 2019 Year-End Earnings on Monday March 30, 2020
    PR Newswire

    GrowGeneration to Report 2019 Year-End Earnings on Monday March 30, 2020

    GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the largest chain of specialty retail hydroponic and organic garden centers, with currently 27 locations, today announced that the company will host a conference call on Monday, March 30, 2020 at 9:00AM Eastern Time.

  • GrowGeneration Corp. Opens the Largest Hydroponic Store in the US
    PR Newswire

    GrowGeneration Corp. Opens the Largest Hydroponic Store in the US

    GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the largest chain of specialty retail hydroponic and organic garden centers, with currently 27 locations, is pleased to announce that the company has officially opened its 2nd Tulsa operation. The ribbon cutting, in order to signify that the store was officially opened for business, took place Saturday, March 7th at 10 a.m. at 5566 S Garnett Rd, Tulsa OK. 74146 This 40,000 square foot retail location will serve as our central division's hub for our rapidly growing Commercial, Retail and Ecommerce business, as well as, the model store for our new Ecommerce pick, pack and ship fulfilment center program that will be replicated 4 to 6 more times throughout the United States.

  • GrowGeneration Corp. Acquires Florida-based Healthy Harvest
    PR Newswire

    GrowGeneration Corp. Acquires Florida-based Healthy Harvest

    GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the largest chain of specialty retail hydroponic and organic garden centers, with currently 26 locations, is pleased to announce that the company has purchased the assets of Healthy Harvest. Healthy Harvest has been in business since 2011 and is the largest hydroponic operation in the Southeast region. With over 15,000 sq. ft. of warehouse and retail space, Healthy Harvest is servicing growers in Florida, Puerto Rico, Caribbean and South America. Healthy Harvest's owners will be staying on as Director of Southeast Region and Director of Latin American Markets.

  • Is GrowGeneration Corp.'s (NASDAQ:GRWG) CEO Being Overpaid?
    Simply Wall St.

    Is GrowGeneration Corp.'s (NASDAQ:GRWG) CEO Being Overpaid?

    Darren Lampert became the CEO of GrowGeneration Corp. (NASDAQ:GRWG) in 2014. This analysis aims first to contrast CEO...

  • GrowGeneration Corp. Achieves Another Milestone & Further Recognition With Addition To The Cannabis ETF (NYSE: THCX)
    PR Newswire

    GrowGeneration Corp. Achieves Another Milestone & Further Recognition With Addition To The Cannabis ETF (NYSE: THCX)

    GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the largest chain of specialty retail hydroponic and organic garden centers, with currently 26 locations, is pleased to announce today that it has been added to The Cannabis ETF (NYSE: THCX) ("THCX"), which trades on the New York Stock Exchange.

  • GrowGeneration CEO, Darren Lampert and President, Michael Salaman to Present at The ICR Conference 2020
    PR Newswire

    GrowGeneration CEO, Darren Lampert and President, Michael Salaman to Present at The ICR Conference 2020

    GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the largest chain of specialty retail hydroponic and organic garden centers, with currently 26 locations, today announced CEO, Darren Lampert and President, Michael Salaman will speak at the ICR Conference 2020 on January 13, 2020 at 9:00 a.m. ET in Orlando, FL.

  • 3 Cannabis ‘Pick and Shovel’ Plays With a Lot of Potential
    TipRanks

    3 Cannabis ‘Pick and Shovel’ Plays With a Lot of Potential

    We all know that the overall cannabis sector took a big hit in 2019, and it probably won't start to sustainably recover until after the second calendar quarter of 2020.While most of the big players with hands on cannabis have suffered enormous downward pressure on their share prices, some pick and shovel cannabis plays, while also participating in the downturn as measured by their share prices, are also positioned to take advantage of the recovery before their counterparts.In this article we'll look at Grow Generation, KushCo Holdings, and Innovative Industrial Properties, and what the future holds for them. TipRanks, a company that measures and tracks the performance of analysts, revealed that Wall Street sees each of these names as solid Buys. Here’s what we uncovered.Grow Generation (GRWG)Grow Generation primarily offers specialty hydroponic supplies to the cannabis market. At the time of this writing the company had 25 store locations in eight states. In December the company uplisted to the Nasdaq.In the third quarter it generated revenue of $21.8 million, up 159 percent year-over-year, and up 12 percent sequentially. Operating profits came in at $1.1 million. It has had three quarters in a row of positive EBITDA. The company has guided for 2019 adjusted EPS to be in a range of $0.14-$0.18.A huge positive for Grow Generation is its hefty 48 percent of organic growth. That points to the markets it competes in having significant demand. It has also benefited from acquisitions and new stores, especially in the Oklahoma market.The company obviously won't be able to continue 48 percent organic growth in its stores that have been operational for some time, but it still has a lot of organic growth left in it from new stores.What's important for Grow Generation Corp. is it doesn't matter who wins the battle for market share for those companies touching the cannabis plant; they'll need what the company supplies no matter who it is.The major question for Grow Generation over the long term is how it'll do as competition in its segment heats up. In the near term the company should continue to do very well as market conditions improve and demand for cannabis continues to soar.The company's major risk appears to be the availability of capital for its customers. If they struggle to obtain funding, they'll have less to spend on supplies they need. This could temporarily slow down growth for Grow Generation. Ladenburg analyst Glenn Mattson recently noted, "As GRWG gains in size it is builidng the infrastruture to support it. GRWG is in the process of implementing an ERP system, which appears to be going well, as gains from efficiencies were listed as a factor in the strong gross margins in the quarter. The company also hired a new COO, Tony Sullivan, who has experience with large retail chains having been Senior VP at Dollar Express (a Family Dollar carve out with 330 stores), as well as 20+ years at Foot Locker serving as Senior VP of store operations in charge of over 2100 stores. This is in addition to bringing in Bob Nardelli, former CEO of Home Depot, to serve as a strategic advisor last quarter. With seasoned leadership our confidence is growing that the company can manage through this rapid growth period."According to Mattson, GRWG is worth over 70% than it’s currently selling for, and should hit $7 within the next 12 months. (To watch Mattson's track record, click here)All in all, Wall Street likes the risk/reward factor at play here, as TipRanks showcases a "strong buy" consensus rooting for GRWG's success. (See Grow Generation stock analysis at TipRanks)KushCo Holdings (KSHB)KushCo Holdings is a provider of products and services to the cannabis and CBD industries. In its latest move it entered into distribution agreements with four CBD brands in the U.S. via its partnership with C.A. Fortune.Its latest quarter it generated revenue of $46.97 million, up 135.3 percent year-over-year, beating estimates by $1.41 million. Non-GAAP EPS in the fourth quarter was -$0.08, beating estimates by $0.04, while GAAP EPS was $11.5 million, or-$0.13, missing by $0.01. The company guided for 2020 revenue to reach over $230 million, possibly climbing to as high as $250 million.One of the major concerns over KushCo has been its cash flow problems, and even though its margins have improved recently, it will struggle in that regard for some time.Of the three companies covered in this article, I'm least optimistic with KushCo in the near term. Part of the reason beyond cash flow is it has at times struggled on execution, as in the case of supplying packaging to Canadian companies in the past, where it came up short.In the long term, it's the type of company that should do very well in an industry that's going to grow exponentially over the next several years.Jefferies analyst Owen Bennett says that KushCo's "exposure to attractive growing segments in the cannabis space" sees him model "3 year avg. sales growth of 44%, with GM/EBITDA margins growing to 30%/8% respectively from 20%/-11% last quarter. Further accretive M&A also a possibility. In the context of NA peers (basket of 37) its sales profile also impresses, cons. CY21 sales expected at $350mn (Jef $370mn) vs. the peer median avg. of $330mn."Bennett reiterated a Buy rating on KushCo stock alongside a price target of $3.50, which implies an upside of 110% from current levels. (To watch Bennett's track record, click here)Like Bennett, the rest of the Street has high hopes for KushCo. With 4 Buy ratings received in the last three months, the message is clear: the cannabis stock is a "Strong Buy." At an average price target of $4.33, the potential twelve month gain lands at 159%. (See KushCo price targets and analyst ratings on TipRanks)Innovative Industrial Properties (IIPR)Innovative Industrial Properties offers financing in the medical-use segment of the cannabis industry by providing sale and leaseback options, as well as capital.With pot still illegal in the U.S. at the federal level, banks and other financial institutions have stayed away from financing the sector because of legal issues.As of its last earnings report it had raised $634 million for its customers, with a reported yield of 13.6 percent.While it has a great business model at this time, there are several major risks to take into account if considering taking a position in the company.The first is potential losses of companies if they are put into receivership. One of its clients has already been put into receivership. That could become a problem if that were to escalate if the cannabis market takes longer to recover than anticipated.Apparently, to combat that the company has decided to focus on stronger clients, the problem there it has had to offer lower rates to win their business; that will put some pressure on its returns.Finally, there has been a push to deal with financing issues in the U.S. for the cannabis sector by trying to push through the SAFE Banking Act. If it does pass, it would provide hefty competition for Innovative Industrial Properties that would be hard to overcome. That would probably relegate it to providing options to only high risk companies.The good news on that front is the SAFE Banking Act has run into some roadblocks that make it unlikely to pass any time soon, if ever.IIPR has a small, but vocal camp of bullish analysts with positive expectations for its stock. Out of the 3 analysts polled by TipRanks, 2 say "buy," while 1 suggests "hold." With a return potential of 83%, the stock's 12-month consensus target price stands at $140.50. (See IIPR stock analysis at TipRanks)ConclusionPick and shovel play winners in the cannabis sector are going to do very well in the years ahead. The cannabis sector is going enjoy significant growth, no matter who the winners will end up being concerning companies that directly touch the plant.There will continue to be increased competition in the ancillary segment of the cannabis market, but these companies have taken a leadership role in their respective markets, and if they can continue to retain and grow market share, they should do very well over the long term.For all of the companies talked about in this article, it's their markets to lose. If they can execute well, they will provide solid returns for investors in the years ahead.To find good ideas for cannabis stocks trading at fair value or better, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • GrowGeneration Purchases all the Assets of GrowWorld
    PR Newswire

    GrowGeneration Purchases all the Assets of GrowWorld

    GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the largest hydroponic solution provider, with a chain of 25 specialty retail hydroponic and organic garden centers, is pleased to announce that the company has purchased the assets of GrowWorld, located in Portland, OR. GrowWorld started in 2011 and operates out of a 15,000 sq. ft. retail and warehouse garden center, which is the largest in Oregon by square footage. GrowWorld has been the biggest hydroponics retail store with the highest sales volume in Portland, OR since 2015, as well as the highest grossing/highest revenue store in Oregon's history.

  • GrowGeneration Corp. To Exhibit at MJBIZCON 2019 Las Vegas
    PR Newswire

    GrowGeneration Corp. To Exhibit at MJBIZCON 2019 Las Vegas

    GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the largest chain of specialty retail hydroponic and organic garden centers, with currently 25 locations, is pleased to announce that the company will be attending and exhibiting at this year's MJBIZCON in Las Vegas, Nevada.