Growgeneration Corp (GRWG)

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$GRWG.."GrowGen"..3rd store in the Denver Metro market.
#MJ #hydoponics

https://finance.yahoo.com/news/growgeneration-signs-lease-open-growgeneration-134519315.html

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12237140

GrowGeneration Corp.
http://growgeneration.com

GRWG Security Details
Share Structure
Market Value1 $27,426,557 a/o Aug 23, 2017
Authorized Shares 100,000,000 a/o Jul 31, 2017
Outstanding Shares 14,511,406 a/o Jul 31, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 4,030,001 a/o Aug 01, 2017
https://www.otcmarkets.com/stock/GRWG/profile

GrowGeneration Reports Record 2nd Quarter Revenue
DENVER, Aug. 02, 2017 (GLOBE NEWSWIRE) -- GrowGeneration Corp. (GRWG), (“GrowGen” or the “Company”) one of the largest specialty retail hydroponic and organic gardening stores, selling to both the commercial and home cannabis markets, with currently 13 locations, today reported financial results for its 2nd quarter ended June 30, 2017.

2nd Quarter 2017 Financial Highlights:

Revenue of $4.1 million, up 116% compared to revenue of $1.9 million for the 2nd quarter of 2016
Same-store sales increased 54% from $1.7 million for the 2nd quarter of 2016 to $2.6 million for the 2nd quarter of 2017
Adjusted EBITDA for the quarter ended June 30, 2017 totaled $7,167 compared to adjusted EBITDA of $(33,447) for the quarter ended June 30, 2016
Net loss of $340,375, inclusive of $344,932 in non-cash depreciation and share-based compensation expense, compared to a net loss of $143,681 in the 2nd quarter of 2016, inclusive of $109,121 in non-cash depreciation and share-based compensation expense.
The Company had $2.2 million in cash as of June 30, 2017
Darren Lampert, Co-Founder and CEO, said, “This was a record quarter of sales for GrowGeneration, clearly demonstrating the demand for our products and the scalability of our business as we continue our expansion plans. The 2nd quarter was the sixth consecutive quarter of sequential revenue growth. Our company has reached a financial goal of break-even at this level of revenue.”

“We have successfully opened and assimilated into our portfolio, our Denver South, Las Vegas and Trinidad stores, as well as the newly acquired stores in Seattle and Sonoma. All of these operations are performing well. We are aggressively expanding our business, with a focus in California, Nevada, Michigan, Rhode Island, Massachusetts, Maine, Oregon and the state of Washington,” added Mr. Lampert. We continue to forecast revenue for 2017 to be approximately $15 million.”
More..https://finance.yahoo.com/news/growgeneration-reports-record-2nd-quarter-151827602.html