DENVER, April 22, 2020 /PRNewswire/ - GrowGeneration
Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company"), the largest
chain of specialty hydroponic and organic garden centers, with
currently 27 locations, today announced that, due to the public
health and safety concerns related to the novel coronavirus
(COVID-19) pandemic and recommendations and orders from the Centers
for Disease Control and Prevention, the World Health Organization,
and federal, state and local governmental authorities, its 2020
Annual Meeting of Stockholders (the "Annual Meeting") will now be
held by means of remote communication only. The date and time of
the Annual Meeting (Monday, May 11,
2020 at 4:00 p.m., Eastern Daylight
Time), as disclosed in the Company's proxy statement for the
meeting, have not changed.
Attending the Virtual Annual Meeting
Stockholders as of the close of business on March 12, 2020 (the "Record Date") may
attend the Annual Meeting via teleconference by dialing
888-664-6383; access code: 30609642.
Access to the conference line will begin at 3:45 p.m., EDT. Stockholders will not be able to
attend the meeting in person.
Virtual attendance at the Annual Meeting also constitutes
presence in person for purposes of quorum at the meeting.
How can stockholders vote prior to the Annual
Meeting?
We encourage stockholders to submit their votes in advance of
the Annual Meeting. If you vote in advance of the meeting using one
of the following methods, you may still participate and change your
vote electronically (see next section) at the meeting.
If you are a record holder, which means your shares are
registered in your name, you may vote or submit a proxy prior to
the Annual Meeting:
1. Over the Internet — You may go to at
www.proxyvote.com and complete the electronic proxy card.
Please have your 16-digit control number in hand when accessing
this website. Your vote must be submitted by 11:59 p.m., EDT, on May 8,
2020.
2. By Telephone — You may authorize the
voting of your shares by calling 1-800-690-6903 (please note this
number is different from the dial in number for the Annual
Meeting). Please have your 16-digit control number in hand when
calling this number. Your vote must be submitted by 11:59 p.m., EDT, on May 8,
2020.
3. By Mail — If you have chosen to receive a
full package of proxy materials which include a proxy card, you may
mail the proxy card by following the instructions set forth in the
proxy card. You may use the postage prepaid envelope provided in
the package to mail the proxy card. If you sign your proxy card but
do not specify how you want your shares voted, they will be voted
in accordance with the recommendations of the Board. Unsigned proxy
cards will not be voted. Your proxy card must be received prior to
the end of the Annual Meeting.
If you hold your shares through a broker, bank or other
financial institution, you are considered the beneficial owner of
shares held in "street name," and you will receive instructions on
how to vote from your broker, bank or other institution. If you
hold shares in street name and wish to vote the shares yourself,
you must present a legal proxy validating your ownership of the
shares that you intend to vote from your bank, broker or other
institution that held your shares as of the Record Date.
How can stockholders vote during the Annual Meeting?
If you are a record holder, you may continue to submit your vote
during the period from the cut-off time indicated in the section
above to the adjournment of the Annual Meeting by submitting
your signed proxy card directly to the Company:
1. By e-mail to: proxy@growgeneration.com
2. By fax to: (720) 577-2284
If you are a "street name" holder, you may submit your vote to
the above e-mail or fax by providing a legal proxy validating your
ownership of the shares.
Can stockholders ask questions at the Annual Meeting?
Like annual meetings of the Company in past years, stockholders
will have the opportunity to ask management questions after the
formal portion of the Annual Meeting.
Notice about Amendment to Proxy Statement
On or about April 22, 2020, the
Company plans to file an amendment (the "Amendment") to its proxy
statement (the "Proxy Statement") previously filed with the
Securities and Exchange Commission on March
27, 2020. This press release should be read in conjunction
with the Proxy Statement and the Amendment.
IMPORTANT NOTICE REGARDING THE
AVAILABILITY OF PROXY MATERIALS FOR THE MEETING OF STOCKHOLDERS TO
BE HELD ON MONDAY, MAY 11, 2020
The Notice of the 2020 Annual Meeting of
Stockholders, the Proxy Statement, the Amendment to Proxy
Statement, and the Annual Report for Fiscal Year ended December 31,
2019 are available on the Internet at www.proxyvote.com. Please
have your 16-digit control number in hand when accessing this
website.
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About GrowGeneration Corp.:
GrowGen owns and operates specialty retail hydroponic and
organic gardening stores. Currently, GrowGen has 27 stores, which
include 5 locations in Colorado, 5
locations in California, 2
locations in Nevada, 1 location in
Washington, 4 locations in
Michigan, 1 location in
Rhode Island, 4 locations in
Oklahoma, 1 location in
Oregon, 3 locations in
Maine and 1 location in
Florida. GrowGen also operates an
online superstore for cultivators, located at https://growgen.pro/.
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. Our mission is to own and operate
GrowGeneration branded stores in all the major states in the U.S.
and Canada. Management estimates
that roughly 1,000 hydroponic stores are in operation in the U.S.
By 2020 the market is estimated to reach over $23 billion with a compound annual growth.
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.
Connect:
- Website: www.GrowGeneration.com
- E-commerce: https://growgen.pro/
- Instagram: growgen
- Facebook: GrowGenerationCorp
- Twitter: @GrowGenOK
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SOURCE GrowGeneration