Acquisition Brings Number of GrowGen Locations Nationwide
to 5 7
DENVER, July 20, 2021 /PRNewswire/ - GrowGeneration
Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the nation's
largest chain of specialty hydroponic and organic garden centers,
today announced its acquisition of Aqua Serene, a southern
Oregon-based hydroponic garden
center with stores in Eugene and
Ashland, Oregon. Aqua Serene
is one of Oregon's largest
indoor/outdoor garden center, with revenue of over $14 million annually.
"As the country's fourth largest legal cannabis market,
Oregon continues to be a critical
market for GrowGeneration," said Darren
Lampert, GrowGen's CEO. "The Oregon market, in particular, represents
tremendous market potential, with over thirteen hundred
recreational producer cultivation licenses in the
state. GrowGen is proud to expand its presence in the area
through the acquisition of highly respected and leading hydroponics
stores such as Aqua Serene. "
Aqua Serene has provided Oregon
growers with specialty hydroponic supplies and professional
horticultural consultation services for over two decades. The Aqua
Serene team of 10 employees will join GrowGen's team of over
600 grow professionals as part of the transaction.
For more information about GrowGen, or to locate its stores,
please visit www.growgeneration.com.
About GrowGeneration Corp:
GrowGen owns and operates specialty retail hydroponic and
organic gardening centers. Currently, GrowGen has 57 stores, which
include 20 locations in California, 8 locations in Colorado, 7 locations in Michigan, 5 locations in Maine, 5 locations in Oklahoma, 4 locations in Oregon, 2 locations in Nevada, 2 locations in Washington, 1 location in Arizona, 1 location in Rhode Island,1 location
in Florida, and 1 location in
Massachusetts.
GrowGen also operates an online superstore for cultivators
atgrowgeneration.com and B2B platform, www.agron.io. GrowGen
carries and sells thousands of products, including organic
nutrients and soils, advanced lighting technology and state of the
art hydroponic equipment to be used indoors and outdoors by
commercial and home growers.
Forward Looking Statements:
This press release may include predictions, estimates or other
information that might be considered forward-looking within the
meaning of applicable securities laws. While these forward-looking
statements represent current judgments, they are subject to risks
and uncertainties that could cause actual results to differ
materially. You are cautioned not to place undue reliance on these
forward-looking statements, which reflect opinions only as of the
date of this release. Please keep in mind that the company does not
have an obligation to revise or publicly release the results of any
revision to these forward-looking statements in light of new
information or future events. When used herein, words such as "look
forward," "believe," "continue," "building," or variations of such
words and similar expressions are intended to identify
forward-looking statements. Factors that could cause actual results
to differ materially from those contemplated in any forward-looking
statements made by us herein are often discussed in filings made
with the United States Securities and Exchange Commission,
available at:www.sec.gov, and on the company's website,
at:www.growgeneration.com.
Company Inquiries:
GrowGeneration Corp.
610-216-0057
michael@growgeneration.com
Investor Contact:
John
Evans
GrowGeneration
415-309-0230
john.evans@growgeneration.com
Connect:
Website: www.GrowGeneration.com
Instagram: growgen
Facebook: GrowGenerationCorp
Twitter: @GrowGenCorp
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SOURCE GrowGeneration