GrowGeneration Corp GRWG

Through its subsidiaries, GrowGeneration operates organic and hydroponic gardening outlets across the United States. Founded in 2008 and headquartered in Denver, Colorado, the company also has 36 retail and distribution centres in Florida, California, Maine, Oregon, Nevada, and Washington, amongst others. It specialises in hydroponics — a science in which plants are grown in a nutrient-rich water base as opposed to soil — and delivers directly to farms. GrowGeneration also offers equipment financing to its commercial customers. It mainly trades in horticultural, organic, lighting, and hydroponic services and products.

GrowGeneration trades on the Nasdaq Capital Market (Nasdaq CM) under the ticker GRWG. The GRWG share price closed at $34.23 with a -2.26% change from its previous close on 4 December 2020. GrowGeneration has an ISS governance quality rating of 8. Its website, GrowGeneration.com, also acts as an e-commerce platform that ships around the world. On 7 December 2020, this company announced its intention to sell a further 15% of its shares to the value of $125m.

GrowGeneration acquisitions include GrowBiz, Hydroponics Depot, Big Green Tomato, Emerald City Garden, and H20 Hydroponics LLC. This company also focuses on hydroponics in the cultivation and growing of marijuana plants.

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