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Growgeneration Corp. (GRWG)

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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. 


  •  
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

 
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GRWG News: Current Report Filing (8-k) 09/20/2018 03:24:55 PM
GRWG News: Current Report Filing (8-k) 09/11/2018 05:16:58 PM
GRWG News: Canada Leads the Way as North America Embraces a Diverse Cannabis and Hemp Industry 08/29/2018 08:45:00 AM
GRWG News: Current Report Filing (8-k) 08/28/2018 11:55:13 AM
GRWG News: As Senate Brings Legal Change, Hemp Offers Hope for American Farmers 08/22/2018 08:45:00 AM
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#484   One thing that really bothers me about this Nickftw 09/16/18 02:05:23 PM
#482   HMNY 0.0265 Is the trigger point IMO...Call a Doctor~! ChartingTheFuture 09/05/18 12:17:44 PM
#481   GRWG 5.09 Watching for 5.13 break, If so ChartingTheFuture 09/05/18 12:15:07 PM
#480   Good volume today. Should attract more investors. vdb_123 08/29/18 03:39:59 PM
#479   https://www.stockscores.com/chart.asp?TickerSymbol=GRWG&TimeRange=180&Inter JohnCM 08/29/18 06:05:53 AM
#478   We are now forecasting a revenue run rate JohnCM 08/29/18 06:04:23 AM
#477   SHARES OUT JohnCM 08/29/18 06:02:21 AM
#476   Probably one of the few GREEN cannabis tickers JohnCM 08/28/18 09:47:02 AM
#475   OTC NEWS! GrowGeneration Signs Lease to Open 10,000 TPX 08/28/18 09:25:26 AM
#474   Load the boat! $GRWG jjr04001 08/24/18 12:51:20 PM
#473   Common stock; $.001 par value; 100,000,000 shares authorized; JohnCM 08/22/18 02:19:30 AM
#472   https://ih.advfn.com/p.php?pid=staticchart&s=GRWG&p=4&t=17&width=288&height JohnCM 08/22/18 02:16:21 AM
#471   $7.15m revenue for the 2nd quarter!! https://markets.businessinsider.com/news/s Nickftw 08/15/18 12:32:35 AM
#470   Quarterly earnings will be out tomorrow, correct!? Nickftw 08/13/18 04:14:28 PM
#469   True. Jw looking to invest. Hows tbe finacials japeterson 08/02/18 03:00:25 PM
#468   Sorry I was just being sarcastic. Nobody knows Nickftw 08/02/18 02:30:03 PM
#467   Growgeneration has 3 or 4 places in michigan?? japeterson 08/02/18 12:59:29 PM
#466   Really even if michigan legalizes marijuana? japeterson 08/02/18 12:59:05 PM
#465   No. Nickftw 08/02/18 12:53:57 PM
#464   Queation. Will this stock rise on nov 6th japeterson 08/02/18 11:28:42 AM
#463   With Amazon we can expect another great Q AnonymousSsSs 07/18/18 03:02:44 PM
#462   3.90 x 3.93 now holding well ... RaulCarba6 07/18/18 02:59:50 PM
#461   Yes this one need to trade on the AnonymousSsSs 07/18/18 02:46:37 PM
#460   NASDAQ tweet from someone on Twitter, upgrade coming ? RaulCarba6 07/18/18 02:30:57 PM
#459   Huge hydroponic market there ... RaulCarba6 07/18/18 02:29:58 PM
#458   Yes Amazon is huge , I'm buying almost AnonymousSsSs 07/18/18 12:57:18 PM
#457   Great news today guys, more sales/revenues coming ! RaulCarba6 07/18/18 12:54:46 PM
#456   This is what I've been waiting for. Great news!! Nickftw 07/18/18 12:52:32 PM
#455   $GRWG has formed a strategic partnership with RaulCarba6 07/18/18 12:16:45 PM
#454   $GRWG GrowGeneration Launches B2B Platform on Amazon.com https://www.prnewswire. RaulCarba6 07/18/18 12:03:51 PM
#453   3.91 x 3.94 right ... RaulCarba6 07/18/18 11:58:18 AM
#452   A bit more action and we head back AnonymousSsSs 07/18/18 11:26:37 AM
#451   Up and green today RaulCarba6 07/18/18 11:08:55 AM
#450   3.90 x 3.94 now ... 247MarketAddict 07/18/18 10:40:00 AM
#449   Wonder why it dropped with all the recent AnonymousSsSs 07/18/18 04:51:23 AM
#448   Double or even triple easy from here AnonymousSsSs 07/18/18 04:51:10 AM
#447   Darren Lampert, Co-Founder and CEO, said, "This was AnonymousSsSs 07/18/18 04:50:42 AM
#446   East Coast Hydroponic Warehouse (ECHW) located in Warwick, AnonymousSsSs 07/18/18 04:49:19 AM
#445   Humboldt Depot located in Arcata, CA. The Humboldt AnonymousSsSs 07/18/18 04:37:07 AM
#444   Superior Growers Supply (SGS). The Company will consolidate AnonymousSsSs 07/18/18 04:36:15 AM
#443   Revenues growth thru acquisitions , this company still JohnSmith2k18 07/18/18 03:34:56 AM
#442   Technically ready to bounce 247MarketAddict 07/18/18 03:25:00 AM
#441   Accumulation time down here 247MarketAddict 07/18/18 03:24:30 AM
#440   Yes more to come imo 247MarketAddict 07/18/18 03:22:39 AM
#439   The more I digg the more I like JohnSmith2k18 07/18/18 03:16:38 AM
#438   Merida Capital's Managing Partner, Mitch Baruchowitz, added, "While RaulCarba6 07/18/18 03:15:23 AM
#437   Darren Lampert, Co-Founder and Chief Executive Officer of RaulCarba6 07/18/18 03:14:05 AM
#436   Back in January $GRWG completed an offering of RaulCarba6 07/18/18 03:12:45 AM
#435   That's my opinion 247MarketAddict 07/18/18 03:06:23 AM
#434   About Gotham Green Partners: Gotham Green Partners is a RaulCarba6 07/18/18 03:06:12 AM
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