GrowGeneration Corp. (GRWG), which owns and operates specialty retail hydroponic and organic gardening stores, recently announced that it has agreed to acquire Hoagtech Hydroponics, a hydroponic equipment and indoor gardening store that serves the Bellingham, Washington area. The financial terms of the deal have been kept under wraps. Following the news, shares of the company jumped 5.4% on Monday. Moreover, it added to its gains marginally to close at $31.15 in extended trade. With this buyout, the total number of GrowGeneration’s countrywide hydroponic garden centers now stands at 59. Post the buyout, Dan Hoag, the founder of Hoagtech Hydroponics, and his team of eight cultivation experts will become a part of GrowGeneration.
https://www.tipranks.com/news/growgeneration-acquires-hoagtech-hydroponics-shares-rise-5-4?utm_source=advfn.com&utm_medium=referral
Growgeneration (NASDAQ:GRWG)
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