GrowGeneration Announces Jackson, Mississippi Store Opening June 27, 2022
June 21 2022 - 8:00AM
Business Wire
New Signed Leases in Virginia and Missouri
Will Expand the Number of States to 16 GrowGen Will Operate
In
GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the
“Company”), the nation’s largest chain of specialty hydroponic and
organic garden centers, today announced the opening of a new
hydroponic garden center to serve the emerging Mississippi market.
The new store at 4251 Industrial Drive in Jackson becomes the first
in Mississippi, and the Company’s 64th store nationwide and will
expand the number of states the Company operates in to 14. The
store will open on June 27, 2022. Additionally, the Company has
signed two leases in North Chesterfield, Virginia and Hazelwood,
Missouri. These stores are expected to be opened in the second half
of 2022 and will expand the number of states GrowGen operates in to
16.
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“This new 40,000 square foot store in Mississippi is the first
of many GrowGen Hydroponic garden centers that will capture the
important and emerging markets across the Southeast,” said Darren
Lampert, CEO of GrowGeneration. “Like Oklahoma, Mississippi allows
for unlimited medical cultivation licenses making it an ideal
market for GrowGen’s one-stop shop that provides new and existing
cultivators seed to harvest solutions, including turnkey facility
design, cultivation room design, and on-site project consultation,
as well as access to the Company’s burgeoning line of successful
private label products. Additionally, Mississippi and the Delta
Region are emerging as a prime market to apply indoor controlled
environment agriculture and vertical gardening to food agriculture.
This new store continues GrowGen’s tradition of having the largest
selection, best service and grow professionals, to deliver
solutions for all types of growers to become the leading
hydroponics retailer in the states where it operates.”
Continued Lampert, “These new store leases in Virginia and
Missouri are the first of many the Company expects to announce that
will increase our reach in new and emerging markets. These new
stores will feature vertical farming demonstrations and educational
support for new growers to set up and maintain state-of-the-art
grow operations that will help them maximize their investments in
vertical farming. In addition to new store leases, we continue to
build out our distribution capabilities on a regional basis to
deliver our products to new and existing growers efficiently and
profitably.”
About GrowGeneration Corp:
GrowGen owns and operates specialty retail hydroponic and
organic gardening stores. Currently, GrowGen has 64 stores, which
include 23 locations in California, 8 locations in Colorado, 5
locations in Maine, 7 locations in Michigan, 1 location in
Mississippi, 6 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, 1
location in Massachusetts and 1 location in New Mexico.
GrowGeneration also operates an online superstore for cultivators
at growgeneration.com. GrowGeneration 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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Company Inquiries GrowGeneration Corp. John Evans (415)
309-0230 john.evans@growgeneration.com
Investor Contact ICR, Inc. Clay Crumbliss, CFA Managing
Director clay.crumbliss@icrinc.com
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