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Growgeneration Corp. (GRWG)

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Last Post: 11/19/2018 6:45:40 PM - Followers: 42 - 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. 


  •  
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: Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) 11/14/2018 04:34:40 PM
GRWG News: Quarterly Report (10-q) 11/09/2018 04:55:18 PM
GRWG News: Investors Flock to Cannabis Market as Business Booms 11/07/2018 08:45:00 AM
GRWG News: Current Report Filing (8-k) 10/23/2018 05:30:51 PM
GRWG News: Current Report Filing (8-k) 10/16/2018 12:32:37 PM
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#502   Which is the other all4weed 11/19/18 06:45:40 PM
#501   *sleeper 1990 11/19/18 11:24:10 AM
#500   I'm stoked. Another sleep mdcl enjoy 1990 11/19/18 11:23:50 AM
#499   I see. You are the one who introduced Nickftw 11/19/18 10:11:05 AM
#498   Still here. This has just moved to my 1990 11/19/18 09:46:10 AM
#497   Welcome back 1990! I was wondering if you Nickftw 11/18/18 09:49:20 PM
#496   There are two pot stocks that are insanely 1990 11/18/18 03:12:55 PM
#495   $8.4 million quarterly revenue https://www.newcannabisventures.com/growgenerati Nickftw 11/09/18 11:56:43 AM
#494   Financials this Friday https://markets.businessinsider.com/news/stocks/growgene Nickftw 11/06/18 06:03:01 PM
#493   Bought an opening position today. Amac1001 10/16/18 03:16:00 PM
#492   Nice!! Nickftw 10/16/18 12:08:16 PM
#491   NEWS!! https://www.ftmig.com/cannabis/growgeneration-forms-growgeneration-canada Jdoggg 10/16/18 10:25:13 AM
#490   I like GRWG, but it's more of a Nickftw 10/15/18 01:59:32 PM
#489   I like "grow" but moved on to other JohnCM 10/15/18 10:45:12 AM
#488   Hey John, are you still in here? seems SmoothInvestor9 10/15/18 10:29:51 AM
#487   Thinking of taking a position here. This board Amac1001 10/12/18 09:47:39 PM
#486   sorry , thought u IM , me on Fibanotch 10/04/18 10:04:08 AM
#485   wow, nice pick...GRWG Fibanotch 10/04/18 09:59:14 AM
#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
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