GrowGeneration participates in a webinar with Northland » 11:3006/2206/22/21
GrowGeneration Investor Webinar will be held on June 29 at 1 pm hosted by Northland.
|Over a week ago|
GrowGeneration's Power Si signs distribution agreement with GreenPlanet » 09:0706/0706/07/21
GrowGeneration announced that Power Si, a proprietary brand operated and owned by GrowGen, has signed an exclusive distribution agreement with GreenPlanet Wholesale, one of Canada's hydroponic distributors. "We are thrilled that, at long last, Canadians will have the opportunity to experience firsthand what Power Si brings into their gardens. This is a groundbreaking product with proven success in the garden and a huge following in countries around the world. At GreenPlanet Wholesale, we are committed to bringing our customers the best products the industry has to offer, and Power Si is another example of this. This product has been long-awaited in the Canadian Marketplace and we could not be prouder to partner with the great team at Power Si. I can't wait to hear from our growing community as they begin to use this exciting new product." stated Mark Walman, Chief Operating Officer for GreenPlanet Wholesale.
OpCo bullish on GrowGeneration as Amazon throws weight behind legalization » 07:3406/0306/03/21
Oppenheimer analyst Brian…
Oppenheimer analyst Brian Nagel notes that, according to media reports, Amazon (AMZN) supports the federal legalization of marijuana, with the CEO of the company's worldwide consumer division, Dave Clark, stating that Amazon will no longer include cannabis in the Amazon pre-employment drug tests and that the drug will now be treated the same as alcohol. The analyst has looked "very favorably" upon Outperform-rated GrowGeneration (GRWG) as a compelling, longer-term oriented "picks-and-shovels" play on the space. Nagel "very much" believes that efforts for federal legalization of cannabis on the part of leading companies such as Amazon will overall soften the larger conversation around cannabis, which should ultimately prove beneficial for GrowGeneration as both a company and a stock.
GrowGeneration launches e-commerce platform » 09:0306/0106/01/21
GrowGeneration announced the launch of GrowGeneration.com. The company's newly redesigned e-commerce platform now includes the option to Buy Online Pickup in Store. The BOPIS service will be available at select GrowGen locations.
Rising High: HempFusion to acquire Sagely Naturals for $25M » 11:2705/2705/27/21
ZYNE, TCNNF, TLRY, IGC, CANN, CRON, CGC, CTST, CVSI, CMPS, XXII, ACB, CBWTF, GRWG, CBDHF
In this week's "Rising…
GrowGeneration appoints Paul Rutenis as Chief Merchant Officer » 08:0605/2705/27/21
GrowGeneration appointed Paul Rutenis as Chief Merchant Officer, effective June 21. Rutenis' two-decade career in retail spans management positions at several large public companies, including Dicks Sporting Goods, West Marine, JC Penney, and RadioShack. Rutenis served as Executive Vice President at West Marine from 2015-2018.
GrowGeneration CEO: We're extremely excited about the East coast » 18:4505/2505/25/21
In an interview on…
In an interview on CNBC's Mad Money, Darren Lampert said GrowGeneration has had a tremendous growth spurt from 2018. All acquisitions the company makes are immediately accretive, he noted. The company buys "best in breed," mature stores that have been around a long time and improves them. "SSS were up 63% last year. We're seeing growth on stores," he said. Lampert expects to see more robust licensing allowing individuals to grow.
GrowGeneration acquires The Harvest Company, terms not disclosed » 08:0805/2505/25/21
GrowGeneration announced its acquisition of The Harvest Company, a northern California-based hydroponic supply center and cultivation design innovator with stores in Redding and Trinity County. The Harvest Company serves growers in Northern California's Emerald Triangle - the largest cannabis-producing region in the country. Founded by Robert Masterson, Harvest Company has provided Northern California growers with specialty hydroponic supplies and professional horticultural consultation services since 2014. The Harvest Company's team of 16 employees will join GrowGen's team of over 600 grow professionals as part of the transaction, while Masterson will stay on in an advisory role.
|Over a month ago|
GrowGeneration upgraded to Buy from Neutral at Alliance Global Partners » 08:0605/1405/14/21
Alliance Global Partners…
Alliance Global Partners analyst Aaron Grey upgraded GrowGeneration to Buy from Neutral with a price target of $55, up from $50. The company's Q1 represents another quarter of strong sequential sales growth, Grey tells investors in a research note. The analyst continues to view the company's roll-up strategy of the hydroponic retail industry as attractive in the long-term, with GrowGeneration "continuing to build a greater competitive moat as the company builds scale and size." He believes the recent share pullback offers a buying opportunity.
Ladenburg upgrades GrowGeneration to Buy, says 'growing at all fronts' » 07:5105/1405/14/21
Ladenburg Thalmann analyst Glenn Mattson upgraded GrowGeneration to Buy from Neutral with a $45 price target post the Q1 results. Same-store sales grew 51% year-over-year and the company's total store count is now 53 following acquisitions, Mattson tells investors in a research note. The scale GrowGeneration is achieving makes it increasingly difficult for smaller operators to compete, says the analyst. He believes a shift toward more organic growth is likely over time and upgrades GrowGeneration following the recent share pullback. The company is "growing at all fronts" and is "rapidly achieving scale," says Mattson.