Acquisition Brings Number of GrowGen
Locations Nationwide to 58
DENVER, July 22, 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 Mendocino Greenhouse and Garden
Supply, a Northern
California-based hydroponic garden center, located in
Mendocino, California. Mendocino
Greenhouse and Garden Supply serves growers in Northern California's Emerald Triangle – the
largest cannabis-producing region in the country including
Mendocino, Humboldt, and Trinity counties. As one of the original
garden centers in Mendocino, sales
are expected to surpass $8 million
annually.
"As the country's largest legal cannabis market, California continues to be a critical market
for GrowGeneration," said Darren
Lampert, GrowGen's CEO. "The Emerald Triangle continues to
represent tremendous market potential. We are proud to expand our
presence in the area through a highly respected and leading
hydroponics store such as Mendocino Greenhouse and Garden Supply.
"
Founded by Nick Halfacre, Mendocino Greenhouse and Garden
Supply has provided Northern
California growers with specialty hydroponic supplies and
professional horticultural consultation services since 2005.
Mendocino Greenhouse and Garden Supply's team of eight employees
will join GrowGen's team of over 600 grow professionals as part of
the transaction, while Mr. Halfacre will stay on as the garden
center's General Manager.
Said Halfacre, "Mendocino Greenhouse and Garden Supply was
founded by growers for growers, and that ethos is at the center of
everything we do. We look forward to continuing to provide
best-in-class supplies and services under the GrowGeneration
name."
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 58 stores, which
include 21 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 at
growgeneration.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 our 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 our opinions only as of
the date of this release. Please keep in mind that we are not
obligating ourselves 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 we make
with the United States Securities and Exchange Commission,
available at: www.sec.gov, and on our 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