Acquisition Brings Number of GrowGen
Locations Nationwide to 55
DENVER, May 25, 2021 /PRNewswire/ - GrowGeneration Corp.
(NASDAQ: GRWG), ("GrowGen" or the "Company") the nation's largest
chain of specialty hydroponic and organic garden centers, today
announced its acquisition of The Harvest Company, a northern
California-based hydroponic supply
center and cultivation design innovator with stores in Redding and Trinity
County. The Harvest Company serves growers in Northern California's Emerald Triangle – the
largest cannabis-producing region in the country.
"As the country's largest legal cannabis market, California continues to be a critical market
for GrowGeneration," said Darren
Lampert, GrowGen's CEO. "The Emerald Triangle in particular
represents tremendous market potential, with over 500 cultivation
licenses in Trinity County alone.
Redding also is seen as an
important emerging cannabis market, and we are proud to expand our
presence in the area through a highly respected and leading
hydroponics store such as Harvest Company. "
Founded by Robert Masterson, Harvest Company has provided
Northern California growers with
specialty hydroponic supplies and professional horticultural
consultation services since 2014. The Harvest Company's team of 16
employees will join GrowGen's team of over 600 grow professionals
as part of the transaction, while Mr. Masterson will stay on in an
advisory role.
Said Masterson, "The Harvest Company was founded by growers for
growers, and that ethos is at the center of everything we do. We
look forward to continuing to provide best-in-class supplies and
services under the GrowGeneration name."
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 centers. Currently, GrowGen has 55 stores, which
include 20 locations in California, 8 locations in Colorado, 7 locations in Michigan, 5 locations in Maine, 5 locations in Oklahoma, 2 locations in Nevada, 2 locations in Washington, 2 locations in Oregon, 1 location in Arizona, 1 location in Rhode Island,1 location
in Florida, and 1 location in
Massachusetts.
GrowGen also operates an online superstore for cultivators at
growgeneration.com and B2B ERP platform, agron.io. 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.
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 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 opinions only as of the
date of this release. Please keep in mind that the company does not
have an obligation 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 made
with the United States Securities and Exchange Commission,
available at: www.sec.gov, and on the company's 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:
Sara
Geisner
Trailblaze
sara@trailblaze.co
Connect:
Website: www.GrowGeneration.com
Instagram: growgen
Facebook: GrowGenerationCorp
Twitter: @GrowGenCorp
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SOURCE GrowGeneration