Mississippi To Become GrowGen's 13th State
with Operations
DENVER, April 27, 2021 /PRNewswire/ - GrowGeneration
Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the nation's
largest chain of specialty hydroponic and organic garden centers,
today announced it has signed a lease in Jackson, Mississippi, for the future site of a
state-of-the-art GrowGen garden center. This will be the
Company's first location in the state of Mississippi, with 40,000 square feet of
warehouse and showroom space, and will feature indoor vertical
farming and controlled environment agriculture. Importantly,
the opening of GrowGen's newest location will coincide with the
implementation of Mississippi's
new medical cannabis program, approved by voters in November.
"Mississippi is exactly the
kind of new and emerging cannabis market GrowGen is looking to
enter," said Darren Lampert,
GrowGeneration's CEO. "With unlimited licenses to grow, allowance
of out-of-state residents to apply for medical cards, and
acceptance of out-of-state medical cards, Mississippi is positioned to serve the needs
of its residents and those of its surrounding states, creating a
'gateway' to the South for medical cannabis."
Continued Lampert, "With the implementation of the state's
medical cannabis program, we expect an influx of new license
holders in need of hydroponic grow supplies and expertise from grow
professionals to help them set up successful operations. GrowGen's
supplies, services and staff are simply unmatched, and we look
forward to quickly establishing ourselves as the leading
hydroponics retailer in the state."
"Additionally, indoor controlled environment agriculture
represents an opportunity for Mississippi and the Delta Region to apply
vertical gardening for food agriculture. Our 40,000-square
foot garden center will be the first of many in Mississippi. We expect to employ dozens of
residents as we build our team of Mississippi Grow Pros."
For more information about GrowGen, or to locate its stores,
please visit www.growgeneration.com.
About GrowGeneration Corp.:
GrowGen owns and operates specialty retail hydroponic and
organic gardening stores. Currently, GrowGen has 53 stores, which
include 8 locations in Colorado,
18 locations in California, 2
locations in Nevada, 1 location in
Arizona, 2 locations in
Washington, 7 locations in
Michigan, 1 location in
Rhode Island, 5 locations in
Oklahoma, 2 locations in
Oregon, 5 locations in
Maine, 1 location in Florida and 1 location in Massachusetts. GrowGen also operates an online
superstore for retail and craft growers at growgeneration.com,
and a commercial ERP platform, Agron.io Powered by GrowGen, for
large commercial growers. 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 2025, the global hydroponics system market
is estimated to reach approximately $16
billion.
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.
Company Inquiries:
GrowGeneration Corp.
610-216-0057
michael@growgeneration.com
Investor Contact:
John
Evans
GrowGeneration
415-309-0230
john.evans@growgeneration.com
Press Contact:
Lisa
Weser
Trailblaze
lisa@trailblaze.co
Connect:
Website: www.GrowGeneration.com
Instagram: growgen
Facebook: GrowGenerationCorp
Twitter: @GrowGenCorp
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SOURCE GrowGeneration