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Growgeneration Corp. (GRWG)

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Last Post: 5/16/2019 10:22:05 AM - Followers: 47 - Board type: Free - Posts Today: 0




GrowGeneration (GrowGen) owns and operates specialty retail hydroponic and organic gardening stores that sell a vast array of products to professional and small growers via eight locations in Colorado and one location in California. GrowGen carries and sells thousands of products, including organic nutrients and soils, advanced lighting technology, state of the art hydroponic and aquaponic equipment to be used indoors and outdoors.

 

WE ARE THE GROW GENERATION

And if you're here, you're part of it too.

GrowGeneration is not your average grow store. Owned and operated BY professionals FOR professionals, "GrowGen" ensures that all your growing and gardening objectives and outcomes are bountifully met. GrowGen is your one-stop online and offline resource for professional growers, featuring:

What the pros shop: The latest and best products for all your professional growing needs—Organic Nutrients, Indoor Lighting, Hydroponics and more.

Where the pros go: Nine retail stores across Colorado and California staffed by expert GrowPros and a comprehensive, searchable online catalog for immediate purchase and shipment, guaranteeing a superior customer experience no matter how you prefer to shop.

How the pros grow: Pro advice and support for growers of all kinds and experience levels.

Join the GrowGeneration, or just check us out.

GrowGeneration. Where the pros go to grow.

PRODUCTS
Hobbyist Grow Room
Specialist Grow Room
Grow Pro Grow Room
Greenhouse

 
Management Team

 

Darren Lampert | CEO & Co-Founder
• Partner at Law Firm Lampert & Lampert (1987-2000).
• Independent Portfolio Manager (2000-2014).
• Holds a BS from Ithaca College and a JD from Bridgeport University School of Law.

Michael Salaman | President & Co-Founder
• CEO & President at Skinny Nutritional Corp. (2000-2014).
• 25 years experience in consumer products, business development & brand marketing.
• BBA from Temple University.

Jason Dawson | COO
• Founder and owner of Pueblo Hydroponics (2008-2014).
• Head of International Sales for Gualala Robotics Inc. (2003-2008).
• Extensive network developed over 15 years of experience in the gardening and hydroponic industries.
• Oversees the company's purchasing and product selections.

ABOUT US

DARREN LAMPERT

CEO/CO-FOUNDER

MICHAEL SALAMAN

PRESIDENT/CO-FOUNDER

JASON DAWSON

COO
609 E Enterprise Dr. Suite 150
Pueblo West, CO 81007
Phone: 800-935-8420 (9AM-7PM MST)
Fax: 719-204-3096

COMMERCIAL

PRODUCTS
Hobbyist Grow Room
Specialist Grow Room
Grow Pro Grow Room
Greenhouse

GG COMMUNITY

GrowGeneration Reports Record FY 2017 RevenuePress Release | 03/28/2018

GrowGeneration Reports Record FY 2017 Revenue

PR Newswire

DENVER, March 28, 2018

FY 2017 Revenue up 80% to $ 14.4 million; Same-store sales increase 35%

2018 Revenue Guidance Set at $37 million

DENVER, March 28, 2018 /PRNewswire/ - GrowGeneration Corp. (OTCQX: 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 15 current locations (13 locations as of December 31, 2017), today reported financial results for its fiscal year ended December 31, 2017.

Fiscal Year 2017 Financial Highlights:

  • Revenue of $14.4 million, up 80% compared to revenue of $8 million for 2016
    Same-Store Sales increased 35% from $6.4 million for 2016 compared to $8.6 million for FY 2017
    Adjusted EBITDA for the year ended December 31, 2017 totaled $(1,096,580) compared to adjusted EBITDA of $(45,575) for the year ended December 31, 2016
    The Company had $1.2 million in cash as of December 31, 2017, $8.0 million at March 23, 2018
    As of December 31, 2017, the Company had $5.6 million in working capital compared to $2.8 million in working capital as of December 31, 2016.
    The Company raised $5.2 million in equity capital for the year ended December 31, 2017 through the issuance of common stock and the exercise of warrants.
    2018 Revenue guidance set at $37 Million

 

Darren Lampert, Co-Founder and CEO, said, "This was a great year for sales for GrowGeneration, clearly demonstrating the demand for our products and the scalability of our business as we continue our expansion plans. We have a robust pipeline of acquisitions, that we plan to close in the first half of the year. With revenue guidance set at $37M, we anticipate continued growth into 2018 and 2019."

"Our company continues to attract capital, raising $5.2 million in 2017, strengthening our balance sheet to $9.2 millionin assets and breaking the $14 million revenue mark. GrowGen now is operating in 5 states, with 15 commercial and retail stores, with over 50,000 sq. ft. and servicing 100's of licensed commercial growers. We are aggressively expanding our brand and acquisitions model, with a focus in California, Nevada, Michigan, Rhode Island, Massachusetts, Maine, Oregon, and the state of Washington," added Mr. Lampert."

Fiscal Year 2017 Financial Results:

Revenues for the year ended December 31, 2017 increased 80% to $14.4 million, compared to $8 million for the year ended December 31, 2016.

In October 2017, our Santa Rosa store was forced to close for 17 days due to wildfires in the Santa Rosa area. We estimate that the Company's loss of revenue for that period was approximately $120,000. In addition, revenue subsequent to when the store reopened, October 26, 2017, were lower than the months prior to the fire by approximately $100,000 a month.

Same Store Sales:

The Company had the same 7 stores opened for the entire year ended December 31, 2017 and 2016. These same stores generated $8.6 million in sales for the year ended December 31, 2017, compared to $6.4 million in sales for the same period ended December 31, 2016, an increase of 35%. The other Company stores, which were open for only a portion of 2017, generated $5.8 million in sales in 2017 and $1.6 million in sales in 2016. 


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GRWG Security Details
Share Structure
  Market Value1 Not Available
  Authorized Shares 100,000,000 a/o Jun 30, 2016
  Outstanding Shares 18,765,353 a/o Dec 31, 2017
  -Restricted Not Available
  -Unrestricted Not Available
  Held at DTC Not Available
  Float Not Available
http://growgeneration.com

 
GRWG
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GRWG News: Current Report Filing (8-k) 05/16/2019 05:27:21 PM
GRWG News: Current Report Filing (8-k) 05/14/2019 05:12:36 PM
GRWG News: Quarterly Report (10-q) 05/07/2019 12:42:17 PM
GRWG News: Current Report Filing (8-k) 05/03/2019 04:29:30 PM
GRWG News: Annual Report (10-k) 04/01/2019 03:54:06 PM
PostSubject
#563   Agreed. It's time for another special run Sponsoring Thought 05/16/19 10:22:05 AM
#562   $8.00 gives me a month long vacation in DropLine 05/16/19 10:20:28 AM
#561   Power - let's go back to 8.00 - Sponsoring Thought 05/16/19 09:51:35 AM
#560   Boom!... breaking out on decent volume... a lot DropLine 05/16/19 09:45:51 AM
#559   LOL!... you read my mind!... fist bump... see DropLine 05/15/19 02:53:38 PM
#558   Absolutely... nice block coming in going into power DropLine 05/15/19 02:51:57 PM
#557   That was quite the ask slap. 150k Sponsoring Thought 05/15/19 02:51:02 PM
#556   VERT/ARCA top bidders. $135,000 wall at 3.35 Sponsoring Thought 05/15/19 02:16:43 PM
#555   Trying to break triple top here on the Sponsoring Thought 05/15/19 01:57:17 PM
#554   A close above $3.25 would be big IMO... DropLine 05/15/19 09:55:20 AM
#553   New acquisition Nickftw 05/15/19 02:13:02 AM
#552   Agreed. And did. Just needs a Sponsoring Thought 05/08/19 04:37:49 PM
#551   This is one of the few undervalued MJ 1990 05/08/19 04:35:56 PM
#550   Pretty slow day. I'm not sure the Sponsoring Thought 05/08/19 04:33:29 PM
#549   Nice breather after two solid days put in... DropLine 05/08/19 01:31:24 PM
#548   This is probably the biggest news that came Nickftw 05/08/19 02:29:17 AM
#547   We're seeing growth everywhere, we're seeing our old Sponsoring Thought 05/07/19 09:53:24 PM
#546   The company's first quarter financial results were transformational. Sponsoring Thought 05/07/19 09:50:51 PM
#545   G Corp CEO. Sponsoring Thought 05/07/19 09:49:52 PM
#544   Thanks. Yes all the techs are developing. Sponsoring Thought 05/07/19 02:49:33 PM
#543   Nice to have you aboard... broader market pressure DropLine 05/07/19 02:09:41 PM
#542   Agreed 1990 05/07/19 02:07:12 PM
#541   News: $GRWG GrowGeneration Reports Record Q1 2019 Revenues whytestocks 05/07/19 12:00:39 PM
#540   Started to build position here at the open. Sponsoring Thought 05/07/19 11:46:00 AM
#539   I had the same reaction... blowout numbers... added DropLine 05/07/19 10:26:52 AM
#538   Wow!! 1990 05/07/19 10:19:40 AM
#537   Stellar earning report... THEY ARE PROFITABLE!... should be DropLine 05/07/19 09:47:02 AM
#536   GRWG Looking for strength heading into earnings. WindowCleaner4Life 05/05/19 08:45:06 AM
#535   $GRWG... another hidden gem... DropLine 04/28/19 09:10:22 PM
#534   Best kept secret 1990 04/27/19 03:54:01 PM
#533   Just found this Company ! The Growth is Cetti 0327 04/27/19 07:27:26 AM
#532   Still cant believe the low volatility... I agree... DropLine 04/22/19 12:31:34 PM
#531   Chart is poised for good news 1990 04/18/19 04:01:29 PM
#530   Crazy low volatility... IMO something big is about DropLine 04/17/19 11:54:12 PM
#529   I still think this stock is one of 1990 04/16/19 10:33:30 PM
#528   Actually found the bottom of the day to splinter68 04/03/19 10:13:52 PM
#527   Volitility over the past few sessions... shaking the DropLine 04/03/19 09:15:00 PM
#526   That is some crazy volume. Destroyer67 04/01/19 10:02:16 PM
#525   GrowGeneration Targets 2019 Revenue in Excess of $52 Million... DropLine 04/01/19 03:16:14 PM
#524   News: $GRWG Four Marijuana Stocks on the Rise whytestocks 03/20/19 02:50:48 PM
#523   $GRWG trading very similar to $CNXXF before the pop! DropLine 03/18/19 10:48:54 AM
#522   I love this!!!!... zero eyes here... They'll start DropLine 03/18/19 10:47:59 AM
#521   Ready to break $3.00... Can't believe there is DropLine 03/15/19 02:03:38 PM
#520   The numbers are too good not to take DropLine 03/13/19 01:41:19 PM
#519   $FRLF Q2 says they have money coming for Destroyer67 02/25/19 08:56:39 PM
#518   The pps my shink until valuebis proven... forward Destroyer67 02/25/19 07:27:01 PM
#517   if they own a HUGE stake in there zerohedge 02/22/19 10:40:42 AM
#516   Again I agree with you, but perhaps you Svyable 02/21/19 09:20:49 PM
#515   we are 18 months away from federally legal zerohedge 02/21/19 10:18:06 AM
#514   First off, are you Tyler Durden? And second, Svyable 02/20/19 11:00:31 PM
PostSubject