Fourth quarter revenues up 130% to $2.4 million
Full-year same-store sales increase 50% or $1.4 million
Full-year net loss decreased to $431,246, inclusive of $304,123 in non-cash depreciation and stock-based compensation costs
The Company has $1.2 million in cash as of March 31, 2017...
...“We are aggressively expanding our business, with the recent recreational legalization in California, Nevada, Massachusetts and Maine, and medical legalization in Florida,” added Mr. Lampert. “Due to increasing demand, we are seeking to open larger stores, generating higher revenue and profitability. GrowGeneration is now at an annualized revenue run rate of over $10 million and we believe that we are well-positioned to continue to execute our expansion strategy to offer a one-stop and personalized shopping solutions for both the commercial and home growers. The store additions we have planned for 2017, along with continued same-store sales growth, are expected to increase our annualized revenue by nearly 100% to approximately $15 million.”
...more
https://www.otcmarkets.com/stock/GRWG/news/GrowGeneration-Achieves-Record-2016-Sales--Up-130-?id=154935&b=y
2016 10k
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11968223#F10K2016_GROWGENERATION_HTM_A_011
DENVER, CO--( March 14, 2017) - GrowGeneration Corp. (OTCQB: GRWG ), GrowGeneration (“GrowGen” or the “Company”), one of the largest specialty retail hydroponic and organic gardening store chains, selling to both the commercial and home cannabis markets, with currently 10 locations in Colorado, 1 location in California and 1 location in Las Vegas, NV., today announced that it has secured $1,650,000 in equity financing from Merida Capital Partners, a cannabis infrastructure fund, to continue fueling its expansion plans primarily in California and the West Coast. The transaction was priced at $2.00 with a warrant to purchase common shares at $2.75. The transaction, when factoring in warrant exercises, will total $3.92M in capital into the Company. The warrant is callable when GrowGen trades at $4.12 or higher.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11931343
Share Structure
Market Value1 $26,881,409 a/o Apr 03, 2017
Authorized Shares 100,000,000 a/o Mar 30, 2017
Outstanding Shares 12,561,406 a/o Mar 30, 2017
Float 5,703,548 a/o Oct 14, 2016
https://www.otcmarkets.com/stock/GRWG/profile
From SA
https://seekingalpha.com/instablog/9857091-michael-hooper/4961591-hydroponics-retailer-expands-legal-cannabis-states
GrowGeneration Corp. (“GrowGen”)
http://www.growgeneration.com
1c
Recent GRWG News
- GrowGeneration Schedules First Quarter 2024 Earnings Release Conference Call for May 8, 2024 • Business Wire • 04/23/2024 12:00:00 PM
- GrowGeneration to Participate in The Benzinga Cannabis Capital Conference • Business Wire • 04/11/2024 08:05:00 PM
- GrowGeneration Announces Share Repurchase Program • Business Wire • 03/25/2024 12:00:00 PM
- CORRECTING and REPLACING GrowGeneration Reports Fourth Quarter and Full Year 2023 Financial Results; Provides First Quarter and Full Year 2024 Guidance • Business Wire • 03/14/2024 04:41:00 AM
- GrowGeneration Reports Fourth Quarter and Full Year 2023 Financial Results; Provides First Quarter and Full Year 2024 Guidance • Business Wire • 03/13/2024 08:05:00 PM
- Mixed Futures Amidst Quiet Economic Schedule; Oil Prices Climb • IH Market News • 03/13/2024 11:03:39 AM
- GrowGeneration to Participate in the 36th Annual ROTH Conference • Business Wire • 03/11/2024 08:05:00 PM
- GrowGeneration’s HRG Distribution Enters Strategic Partnership with Quest Climate • Business Wire • 02/29/2024 01:00:00 PM
- GrowGeneration Schedules Fourth Quarter and Full Year 2023 Earnings Release Conference Call for March 13, 2024 • Business Wire • 02/28/2024 01:00:00 PM
- Drip Hydro Unveils Groundbreaking Powder Nutrient Line for Cultivation • Business Wire • 02/01/2024 03:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 09:59:54 PM
- GrowGeneration Provides Full-Year 2023 Guidance Update Ahead of the 26th Annual ICR Conference • Business Wire • 01/08/2024 01:00:00 PM
- GrowGeneration to Participate in the 26th Annual ICR Conference • Business Wire • 01/03/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/27/2023 11:34:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/27/2023 11:33:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/27/2023 11:32:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/16/2023 09:29:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/15/2023 11:37:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/08/2023 10:16:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/08/2023 10:10:03 PM
- GrowGeneration Reports Third Quarter 2023 Financial Results • Business Wire • 11/08/2023 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/26/2023 09:02:00 PM
- GrowGeneration Schedules Third Quarter 2023 Earnings Release Conference Call for November 8, 2023 • Business Wire • 10/25/2023 12:00:00 PM
- GrowGeneration to Participate in Benzinga Cannabis Capital Conference • Business Wire • 09/21/2023 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2023 08:43:40 PM
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