DENVER, June 28, 2021 /PRNewswire/ - GrowGeneration
Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company"), the nation's
largest chain of specialty hydroponic and organic garden centers,
today was added as a member of the US small-cap Russell
2000® Index, effective after
the US market opens on June 28, as
part of the 2021 Russell indexes reconstitution. Membership in the
Russell 2000® Index, which remains in place for one
year, is based on membership in the broad-market Russell
3000® Index. The stock also was
automatically added to the appropriate growth and value
indexes.
Darren Lampert, CEO of
GrowGeneration Corp., stated, "The inclusion in the Russell
2000 is a major corporate milestone and reflects the continued
growth of our Company. GrowGen continues to focus on expanding
the number of our hydroponic garden centers, while increasing
revenue and net profit. We believe our Russell 2000 listing will
increase long-term shareholder value by improving awareness,
liquidity and appeal to institutional investors."
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $10.6 trillion in assets are benchmarked against
Russell's US indexes. Russell indexes are part of FTSE Russell, a
leading global index provider.
For more information on the Russell 2000® Index and
the Russell indexes reconstitution, go to the "Russell
Reconstitution" section on the FTSE Russell website.
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.
For more information about GrowGeneration, or to locate its
stores, please visit www.growgeneration.com.
About FTSE Russell:
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately
$17.9 trillion is currently
benchmarked to FTSE Russell indexes. For over 30 years, leading
asset owners, asset managers, ETF providers and investment banks
have chosen FTSE Russell indexes to benchmark their investment
performance and create ETFs, structured products and index-based
derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused
on index innovation and customer partnerships as it seeks to
enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
Company Inquiries:
GrowGeneration Corp.
610-216-0057
michael@growgeneration.com
Investor Contact:
John
Evans
GrowGeneration
415-309-0230
john.evans@growgeneration.com
Connect:
Website: www.GrowGeneration.com
Instagram: growgen
Facebook: GrowGenerationCorp
Twitter: @GrowGenCorp
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SOURCE GrowGeneration