InvestorsHub Logo
Followers 112
Posts 4708
Boards Moderated 0
Alias Born 02/20/2012

Re: $Pistol Pete$ post# 23

Tuesday, 04/04/2017 9:33:11 PM

Tuesday, April 04, 2017 9:33:11 PM

Post# of 2963
$GRWG Full-year revenues up 130% to $8.0 million
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

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent GRWG News