GrowGeneration Acquires Two Stores in Alaska to Expand Its Geographic Footprint Into 18th State
May 23 2023 - 8:00AM
Business Wire
GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the
“Company”), the largest chain of specialty hydroponic and organic
garden centers in the United States, today announced the
acquisition of Southside Garden Supply, Alaska’s largest
indoor/outdoor garden center, located in Southern Alaska. As a part
of the transaction, GrowGen took over both existing store locations
at 2809 Artic Boulevard, Anchorage, Alaska, and 449 West Parks
Highway, Wasilla, Alaska.
Darren Lampert, Co-Founder and Chief Executive Officer of
GrowGen, said, “We are excited to expand our retail footprint into
Alaska, representing GrowGen’s 18th state and second new state this
year. This transaction is part of our key initiative to continue
making whitespace acquisitions and strategically invest our capital
for future growth. Southside Garden Supply has successfully served
the Alaskan growing market for many years, focusing on quality
product offerings and a top-notch customer experience. We look
forward to continuing this strong tradition and providing the same
caliber of services to the local and surrounding growing
markets.”
Mr. Lampert continued, “GrowGen remains committed to providing
high-quality products and having the largest product selection,
best service, and most knowledgeable grow professionals in the
industry. This transaction supports those commitments and enhances
our overall portfolio of stores to best serve both our commercial
and home-grow customers.”
About GrowGeneration Corp.:
GrowGen owns and operates specialty retail hydroponic and
organic gardening centers. Currently, GrowGen has 63 stores across
18 states. GrowGen also operates an online superstore for
cultivators at growgeneration.com. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230523005276/en/
Investor: ICR, Inc. GrowGenIR@icrinc.com
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