"American Idol" Style Competition in
New Jersey will Award 25
Cultivation Teams a Full
Scholarship Package and Award Five Teams with the Grand
Prize
DENVER, Jan. 18, 2022 /PRNewswire/ - GrowGeneration
Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the nation's
largest chain of specialty hydroponic and organic garden centers,
announced today that, together with Harvest 360 Technologies, LLC
(H360), they are launching a new National Program to support
education and training for Social Equity applications.
Regulations in both New York
and New Jersey seek to create a
framework to regulate cannabis in these states in a manner that
promotes social equity and economic development, placing an
emphasis on promoting inclusion of diverse populations in the
medicinal and recreational cannabis industries. GrowGeneration
together with Harvest 360 is committed to delivering solutions to
these operators and supporting their communities. This program with
H360, gives GrowGeneration a direct method to help new companies
grow their businesses. These Micro Grow licenses in the New Jersey
Adult-Use Cannabis market represent a new generation of growers
that GrowGen believes will be the NEXTGEN of entrepreneurship to
expand the cannabis industry.
"Today we announce NEXTGEN, the first initiative in our
goal of supporting social equity and the inclusion of diverse
applicants, including minority, women, and veteran entrepreneurs,
to identify and empower small cultivators in New Jersey" said Michael Salaman President and co-founder of
GrowGen. "We expect over 500 teams to enter this competition, and
GrowGeneration will be fully supporting 25 teams. That's over
100 people provided with a full scholarships with H360". Enter
Competition Here
This new national Education & Training program is the first
commitment of its kind in the industry. The
NEXTGEN Micro Cultivation competition, will begin with
a GrowGen commitment of up to $500,000 to provide full
scholarships for 25 Cultivation teams, that will establish Micro
Grow licenses in the New Jersey Adult-Use Cannabis market.
GrowGen will provide scholarships to the program, access to
equipment packages and market resources to the applicants. All
entries in the contest will get access to an online cultivation
portal with valuable resources to assist in the preparation of an
application, or to be educated and informed about best practices in
the New Jersey program.
The 25 finalist teams that make it to the second round will also
receive complete planning and engineering services for their
facilities from GrowGeneration, and access to a compliant business
services package from H360 worth thousands of dollars. Five Winning
Teams will then be selected by a Panel of Judges to receive a
comprehensive package including financing, advanced training,
business service packages, and direct operational support.
"Veteran, Minorities, Women and Residents of Impact Zones or
Disproportionately Impacted Areas, are being encouraged to
participate in new markets like New Jersey, New
York and Illinois, but they are not always given access
to the tools necessary to compete and be successful" said
Todd Scattini, Global CEO of Harvest
360 "Social Equity and Micro Cultivation Licenses are very closely
related, I have seen how the Micro Grow program in Missouri has helped veterans turn their lives
around by helping treat chronic pain, PTSD, and receive therapeutic
benefits from cultivation of the cannabis plant."
About GrowGeneration Corp:
GrowGeneration owns and operates specialty retail hydroponic and
organic gardening stores. Currently, GrowGeneration has 62 stores,
which include 23 locations in California, 8 locations in Colorado, 7 locations in Michigan, 5 locations in Maine, 5 locations in Oklahoma, 4 locations in Oregon, 3 locations in Washington, 2 locations in Nevada, 1 location in Arizona, 1 location in Rhode Island,1 location
in Florida, 1 location in
Massachusetts and 1 location in
New Mexico.
GrowGeneration also operates an online superstore for
cultivators at growgeneration.com and B2B e-commerce
platform, agron.io. and a leading manufacturer of indoor
vertical racking systems. GrowGeneration 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.
Company Inquiries:
GrowGeneration Corp.
John Evans
415-309-0230
john.evans@growgeneration.com
Investor Contact:
ICR, Inc.
Clay Crumbliss, CFA
Managing Director
(203) 682-8387
clay.crumbliss@icrinc.com
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SOURCE GrowGeneration