GrowGeneration Announces Planned Opening of New Hydroponic Garden Center in Richmond, Virginia
September 20 2022 - 8:00AM
Business Wire
New Richmond, Virginia Location Scheduled to
Open September 26, 2022
Newly Signed Leases in Mount Holly, New Jersey
and Hazelwood, Missouri will Expand Current Operations to 17 States
in late 2022
GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the
“Company”), the largest chain of specialty hydroponic and organic
garden centers with 60 locations across 15 states, today announced
the opening of a new hydroponic garden center to serve the emerging
Virginia hydroponics market. The new store in Richmond becomes the
first in the state and is scheduled to open September 26, 2022.
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Additionally, the Company has signed two new leases in Mount
Holly, New Jersey and Hazelwood, Missouri. These stores are
expected to open in the fourth quarter of 2022 and will expand
Company operations into 17 states (including the new location in
Virginia announced herein).
Darren Lampert, CEO of GrowGeneration stated, “Our new 9,000
square foot store in Richmond, Virginia is the first of many
GrowGen Hydroponic garden centers that will capture the emerging
markets across the Southeastern United States. Virginia legislation
allows for unlimited medical cultivation licenses and home growing
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 successful
private label products. Additionally, Virginia is emerging as a
prime market to supply indoor controlled environmental agriculture
and vertical gardening to food agriculture. This new store
continues GrowGen’s tradition of having the largest product
selection, best service, and most knowledgeable grow professionals
in the industry to deliver solutions for all types of growers, and
to become the leading hydroponics retailer in the states where it
operates.”
Lampert continued, “Additionally, we are announcing two new
store leases in Mount Holly, New Jersey and Hazelwood, Missouri
that are the first of many the Company expects to announce to
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 centers. Currently, GrowGen has 60 stores, which
include 23 locations in California, 6 locations in Colorado, 6
locations in Michigan, 5 locations in Maine, 5 locations in
Oklahoma, 3 locations in Washington, 4 locations in Oregon, 1
location in Arizona, 1 location in Rhode Island, 1 location in
Florida, 1 location in Nevada, 1 location in Mississippi, 1
location in New Mexico, 1 location in Massachusetts, and 1 location
in Virginia. 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/20220920005482/en/
Investor: ICR, Inc. GrowGenIR@icrinc.com
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