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RaulCarba6

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RaulCarba6

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Wednesday, 07/18/2018 3:02:52 AM

Wednesday, July 18, 2018 3:02:52 AM

Post# of 2964
Darren Lampert, Co-Founder and Chief Executive Officer of GrowGen, said "With this additional capital, the Company now has over $17 million of cash on the balance sheet to execute on multiple acquisitions, with several planned to close in the 2nd and 3rd quarters of 2018. In addition to providing growth capital, GGP's position as one of the premiere private equity firms focused exclusively on cannabis will enable GrowGen to leverage GGP's network to source additional business opportunities and revenue streams. We are also pleased that our existing institutional investors, Merida Capital Partners and Navy Capital, are reinforcing their confidence in the company with additional capital commitments."
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