Expands nutrient and additive portfolio to
include leading mycorrhizal inoculant DYNOMYCO via online
superstore and retail locations
DENVER, Colo. and MAZOR,
Israel, Oct. 7, 2021 /PRNewswire/ - GrowGeneration Corp.
(NASDAQ: GRWG) ("GrowGen") the nation's largest chain of specialty
hydroponic and organic garden centers, and Groundwork BioAg, a
global bio-agriculture company, today announced that they have
entered into a distribution agreement to offer
DYNOMYCO®, a unique brand of highly-concentrated
mycorrhizal inoculants specifically formulated for cannabis, to
hydroponic and organic growers across the U.S. Representing
two of the fastest growing segments in agriculture – cannabis and
biologicals – the distribution agreement brings together GrowGen's
commercial reach and marketing prowess with Groundwork
BioAg's innovative and highly-effective mycorrhizal inoculants.
DYNOMYCO has exhibited strong efficacy in cannabis, with yield
increases of 10%-45%, as well as increased cannabinoid content.
DYNOMYCO also reduces dependency on phosphorus fertilizer, improves
nutrient uptake, and reduces transplantation
shock. Mycorrhizae are a cornerstone of regenerative
agriculture best practices, and a key to maintaining plant root
health in horticulture.
"Product portfolio expansion has become a strategic priority for
GrowGen, and a key component of our long-term revenue generation
plan," said Paul Rutenis, GrowGen's
Chief Merchant Officer. "We are proud to bring Groundwork BioAg's
unique technologies and proprietary mycorrhizal products to GrowGen
and our family of growers who are on the leading edge of farm
management practices to produce the highest quality plants."
Following 30 years of research and product development, DYNOMYCO
is highly-concentrated and formulated for convenient application
and efficacy on cannabis plants and is suitable for individual
growers and large commercial farms alike. The product is suitable
for organic cultivation and is certified by Clean Green, Organic
Materials Review Institute (OMRI), and California Department of
Food and Agriculture Organic Input Material Program (CDFA-OIM).
"Through our partnership with GrowGen, one of the most respected
names in hydroponic and organic gardening, we are able to ensure
growers have access to our unique formulation of mycorrhizal
inoculants for maximum performance," said Dan Grotsky, Co-Founder and Chief Growth Officer
of Groundwork BioAg, and DYNOMYCO's General Manager. "DYNOMYCO
continues to gain tremendous momentum among cannabis growers.
Through this strategic partnership, we can ensure growers across
the nation have easy access to a product they love from a retailer
they trust."
Starting in October 2021, growers
will be able to purchase DYNOMYCO directly from GrowGen's 62 retail
hydroponic and organic garden centers or on GrowGeneration's online
superstore: www.growgeneration.com.
About GrowGeneration Corp.:
GrowGen owns and operates specialty retail hydroponic and
organic gardening stores. Currently, GrowGen has 62 stores, which
include 24 locations in California, 8 locations in Colorado, 7 locations in Michigan, 5 locations in Maine, 5 locations in Oklahoma, 4 locations in Oregon, 3 locations in Washington, 2 locations in Nevada, 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 e-commerce platform, 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.
About Groundwork BioAg:
Groundwork BioAg, a global bioagriculture company, leverages the
natural power of mycorrhizal fungi to improve the productivity,
sustainability and profitability of commercial agriculture and
expand regenerative agriculture practices. Groundwork BioAg is the
first to use innovative techniques to solve challenges inherent in
high-volume mycorrhizal inoculant production. We will not rest
until every hectare of arable land is protected by mycorrhizae and
every farmer benefits from higher crop yields while preserving our
soils. For more information, visit www.dynomyco.com, or follow:
Facebook, Twitter, Instagram, LinkedIn, YouTube.
General Inquiries:
GrowGeneration Corp.
610-216-0057
michael@growgeneration.com
Groundwork BioAg, Ltd.
888-964-0685
pr@dynomyco.com
Investor Contact:
John
Evans
GrowGeneration
john.evans@growgeneration.com
415-309-0230
Connect:
- Website: www.GrowGeneration.com
- Instagram: growgen
- Facebook: GrowGenerationCorp
- Twitter: @GrowGenCorp
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.
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SOURCE GrowGeneration