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Growgeneration Corp. (GRWG)

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Last Post: 4/16/2018 12:23:30 PM - Followers: 40 - 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

 
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GRWG News: Post-effective Amendment to Registration Statement (pos Am) 04/20/2018 05:22:07 PM
GRWG News: Current Report Filing (8-k) 04/20/2018 04:33:55 PM
GRWG News: Current Report Filing (8-k) 04/16/2018 11:45:21 AM
GRWG News: Current Report Filing (8-k) 04/10/2018 06:04:33 AM
GRWG News: Amended Current Report Filing (8-k/a) 04/09/2018 04:51:22 PM
News News Alert: Post-effective Amendment to Registration Statement (pos Am) 04/20/2018 05:22:07 PM
PlusOneCoin Top Posts
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#353   They acquired four other stores in Michigan that 1990 04/16/18 12:23:30 PM
#352   What news Eville1 04/16/18 11:12:34 AM
#351   That sucks. Major acuisition news!! 1990 04/16/18 09:11:57 AM
#350   I sold at open. JohnCM 04/02/18 10:50:39 AM
#349   sorry, hadn't been here for a while...yes, my Deewar25 04/02/18 10:35:52 AM
#348   Agreed. Between opening up a store or 1990 03/31/18 11:31:26 PM
#347   https://www.stockscores.com/chart.asp?TickerSymbol=GRWG&TimeRange=180&Inter JohnCM 03/31/18 10:24:40 PM
#346   OTC Markets JohnCM 03/31/18 10:20:03 PM
#345   Major dilution according to the last 10k. .75 RigorousGains 03/28/18 10:54:23 AM
#344   I also think the low float plus shares Thedeadman 03/21/18 05:50:17 PM
#343   Please disregard the typos on my previous post. 1990 03/21/18 09:53:38 AM
#342   I am not a day trader and stay JohnCM 03/21/18 09:53:35 AM
#341   No. The penny plays with higher floats 1990 03/21/18 09:51:25 AM
#340   Thank you for your knowledge. JohnCM 03/21/18 09:15:19 AM
#339   I see what you mean. But in my 1990 03/21/18 09:08:43 AM
#338   Stock chart is getting sandbagged by the overall JohnCM 03/21/18 08:51:33 AM
#337   Big fan. JohnCM 03/18/18 04:48:40 PM
#336   Thank you for your input, I know a Thedeadman 03/17/18 08:29:59 PM
#335   Assume that there will be 30 million shares 1990 03/17/18 08:19:46 PM
#334   Ok, lets see if my numbers are right? Thedeadman 03/17/18 08:10:24 PM
#333   Look at home Depot market cap. Divide 1990 03/17/18 07:39:57 PM
#332   I just added some today, looks like the Thedeadman 03/16/18 07:29:42 PM
#331   I'll start it ( or you can ) JohnCM 03/16/18 01:10:45 PM
#330   Ok sounds good. So what do you need 1990 03/16/18 10:51:00 AM
#329   1990 I would like to put together a fact JohnCM 03/16/18 10:38:00 AM
#328   Opportunity JohnCM 03/16/18 10:36:01 AM
#327   Low volume day. Because it's such a tight 1990 03/16/18 10:14:22 AM
#326   What's up today? JohnCM 03/16/18 10:11:33 AM
#325   Growgen upgraded it's revenue projections for 2018 to 1990 03/13/18 08:34:12 AM
#324   Gartley’s gap theory explained JohnCM 03/13/18 05:20:48 AM
#323   Sub $4.00 in Feb. What a great buying JohnCM 03/13/18 05:18:14 AM
#322   1990, well spoken! JohnCM 03/13/18 05:16:29 AM
#321   Halo, when you look back on this. Skepticism JohnCM 03/13/18 05:15:19 AM
#320   Did you get filled that day? JohnCM 03/13/18 05:12:10 AM
#319   dilution 12/05/2017 That seems to be the least of their wor JohnCM 03/13/18 05:08:31 AM
#318   12/01/2017 Not by me!! JohnCM 03/13/18 05:07:17 AM
#317   GRWG JohnCM 03/13/18 05:06:21 AM
#316   Hey 1990. JohnCM 03/13/18 04:45:27 AM
#315   HEY!!!! Why was this company kept a secret? JohnCM 03/13/18 03:49:33 AM
#314   It will stay in range of 3.50 to all4weed 03/01/18 01:50:09 PM
#313   My god, your baseless claims were right! You Nickftw 02/27/18 04:32:43 PM
#312   That rate at which this is going down, all4weed 02/27/18 04:12:17 PM
#311   This will slowly slide to $3.50 to $4/- all4weed 02/21/18 03:48:55 PM
#310   GrowGeneration Purchases Assets of Groco Supply jcamp212 02/14/18 01:20:04 PM
#309   Another acquisition closed today Groco Supply Seattle Washington. 1990 02/14/18 08:41:18 AM
#308   After the 10K and updates this will fly. furface 02/13/18 11:27:37 AM
#307   GRWG buy 5.7000 stocktrademan 02/11/18 10:41:36 AM
#306   Your post was the pot calling the kettle 1990 02/06/18 04:15:55 PM
#305   Stock went up on technicals and is down all4weed 02/05/18 05:25:03 PM
#304   I remember, you mentioning the same when it all4weed 02/03/18 11:25:31 AM
PostSubject