Shares of GrowGeneration Corp. (GRWG), which owns and operates specialty retail hydroponic and organic gardening stores, climbed 4.5% on Tuesday to close at $32.46 after the company announced the acquisition of Commercial Grow Supply, a California-based hydroponic superstore. The financial terms of the deal have not been disclosed so far. With this buyout, the number of GrowGeneration’s countrywide hydroponic garden centers now stands at 60. Commercial Grow Supply, which has annual revenues of about $10 million, represents GrowGeneration’s 14th acquisition of the year.
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Growgeneration (NASDAQ:GRWG)
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