Growgeneration Corp (GRWG)

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Grow Generation (GRWG)

Grow Generation primarily offers specialty hydroponic supplies to the cannabis market. At the time of this writing the company had 25 store locations in eight states. In December the company uplisted to the Nasdaq.

In the third quarter it generated revenue of $21.8 million, up 159 percent year-over-year, and up 12 percent sequentially. Operating profits came in at $1.1 million. It has had three quarters in a row of positive EBITDA. The company has guided for 2019 adjusted EPS to be in a range of $0.14-$0.18.

A huge positive for Grow Generation is its hefty 48 percent of organic growth. That points to the markets it competes in having significant demand. It has also benefited from acquisitions and new stores, especially in the Oklahoma market.


*GrowGeneration Corp. (GRWG), ("GrowGen" or the "Company"), the largest chain of specialty hydroponic and organic garden centers, with currently 26 locations, today reported record revenue of $80 million for the 2019 fiscal year end.


*The 2020 investors presentation:


http://www.growgeneration.com/investor-relations/


*Only a 33 million float size !!



We are currently at 26 stores. Projection for 5 stores in Q1 2020 for a total of 31 stores. Also run rate of $250 Mil for 2021. Read page 19 & 24.

https://documentcloud.adobe.com/link/track?uri=urn%3Aaaid%3Ascds%3AUS%3Ac7ac2673-47d8-4657-a6f9-0bb8d70d4690




These Two Ignored Cannabis Stocks Could Be the Biggest Winners in 2020


https://www.google.com/amp/s/www.profitconfidential.com/marijuana/two-cannabis-stocks-biggest-winners-2020/amp/