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Customer Retention Drives GrowGeneration's Q3 Results: Sales Up, Revenue Down
Wednesday, November 13, 2024 - 8:46am | 546GrowGeneration Corp. (NASDAQ:GRWG), a major U.S. retailer of hydroponic and organic gardening products, reported its Q3 2024 financial results Tuesday afternoon with a mixed performance. Net sales declined 10.2% year-over-year, totaling $50 million, down from $55.7 million in the same quarter of...
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Secrets For Success In Commercial Cannabis Cultivation: Insights From Industry Leaders
Thursday, October 31, 2024 - 2:22pm | 938At the recent Benzinga Cannabis Capital Conference, cultivation experts shared key strategies for building a profitable commercial cannabis cultivation operation. Moderated by Amy Larson, senior vice president at Rx Green Technologies, the panel offered key insights on essential strategies...
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Cannabis Investors Are Looking For Companies With 'Realistic Profit Margins,' Says Expert
Friday, October 4, 2024 - 12:29pm | 415As the cannabis industry continues to develop, investors are shifting their focus and becoming increasingly selective when evaluating opportunities. With evolving markets and regulatory complexities, the qualities that attract investors are changing, especially in states with established markets...
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GrowGeneration's Q2 Revenue Jumps 11.8% - Can Restructuring Drive Profits?
Thursday, August 8, 2024 - 7:18pm | 416GrowGeneration Corp. (NASDAQ: GRWG), a distributor of products for indoor and outdoor hydroponic and organic gardening, reported second-quarter net revenue of $53.5 million on Thursday afternoon, reflecting an 11.8% increase quarter-over-quarter. CEO Darren Lampert highlighted several key areas of...
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GrowGeneration Expects $53M Q2 Revenue, Announces $12M Cost-Cutting Plan
Wednesday, July 24, 2024 - 4:37pm | 686GrowGeneration Corp. (NASDAQ:GRWG), one of the nation’s top providers of hydroponic and organic gardening products, announced certain preliminary unaudited results Monday for the second quarter of 2024, alongside a strategic restructuring plan aimed at boosting profitability. The company...
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Hydroponics Giant Announces $6M Share Repurchase Program, CEO Says Understanding 'Where Every Nickel Goes' Is Vital For Business Growth
Thursday, March 28, 2024 - 12:20pm | 644Cannabis-focused hydroponics giant GrowGeneration Corp. (NASDAQ:GRWG) announced this week that its board of directors has authorized the company's first share repurchase program to repurchase up to $6 million of its outstanding common stock. Beginning on April 1, the share repurchase program will...
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GrowGeneration Reports Q4 & 2023 Results: Sales Dip, Earns More Per Sale Thanks To Smart Product Strategy
Wednesday, March 13, 2024 - 5:39pm | 668GrowGeneration Corp. (NASDAQ: GRWG), a top provider of hydroponic and organic gardening products reported its financial results for 2023, with net revenue reaching $225.9 million, outperforming expectations. Despite this achievement, the year witnessed a revenue decrease of 18.8%. This decline,...
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Hydroponic Giant GrowGen Faces Q3 Challenges: A Closer Look at Financial Results
Wednesday, November 8, 2023 - 9:56pm | 426While maintaining a presence in 18 states with 50 stores, Denver-based GrowGeneration Corp. (NASDAQ: GRWG) reported a 13% decrease in net sales, totaling $55.7 million. Comparable store sales dropped by 14.4% compared to the previous year. The U.S. chain of specialty hydroponic and organic garden...
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EXCLUSIVE: Cannabis CEOs Address How To Attract Investors Amid Changing Regulations
Thursday, September 28, 2023 - 9:50am | 715"The right investors are not scared by the complexity of cannabis regulations," TILT Holdings (CSE: TILT) (OTC: TLLTF) CEO Tim Conder said at the Benzinga Cannabis Capital Conference. "If they are, it's a giant red flag," he added. Conder and other industry experts convened...
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Hydroponic Giant Shares Slightly Down On Q2 Revenue Decline, Lower Guidance
Wednesday, August 9, 2023 - 8:19am | 472Hydroponic innovator, GrowGeneration Corp. (NASDAQ: GRWG) reported Tuesday its financial results for the second quarter of 2023, revealing revenues of $63.9 million, down from $71.1 million in the same quarter of 2022. “I am pleased with our performance and results in the quarter,...
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Hydroponic Retailer GrowGeneration Cultivates Success In Alaska With Southside Garden Supply Acquisition
Tuesday, May 23, 2023 - 7:51pm | 372GrowGeneration Corp. (NASDAQ: GRWG), the largest chain of hydroponic and organic garden centers in the US., has acquired Southside Garden Supply in Alaska. "As a part of the transaction, GrowGen took over both existing store locations at 2809 Artic Boulevard, Anchorage, Alaska, and 449 West...
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Hydroponic Retailer GrowGeneration Posts $56.8M In Q1 2023 Revenue
Wednesday, May 10, 2023 - 9:19am | 324GrowGeneration Corp. (NASDAQ: GRWG), the largest hydroponic and organic garden center chain, reported its financial results for the first quarter ending March 31, late Tuesday, posting revenue of $56.8 million, an increase of 1.58% from the prior year's gross margin of 27.1% and $71.9 million...
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Urban-gro, GrowGeneration, Metrc, and Flora Growth Discuss Creating Efficient Cannabis Supply Chains
Tuesday, April 18, 2023 - 9:15am | 505At the Benzinga Cannabis Capital Conference, top executives in the cannabis industry convened to discuss the effects of consolidating a global cannabis supply chain, which can lead to improved efficiency and competitiveness for businesses. The conference brought together major players in the...
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GrowGeneration Acquires Store In Bozeman, Montana, Adding 17th State
Tuesday, April 4, 2023 - 10:37am | 354GrowGeneration Corp. (NASDAQ: GRWG) announced the acquisition of inventory and equipment from Community Garden & Greenhouse, a provider of hydroponics and garden supplies to the broader Bozeman, Montana growing market. As a part of the transaction, GrowGen also took over the existing store...
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GrowGen. Stock Trading Lower On 34% FY22 Net Revenue Drop Impacted By 'The Pressures On The Broader Cannabis And Hydroponic Industries'
Thursday, March 16, 2023 - 8:23am | 692GrowGeneration Corp. (NASDAQ: GRWG) net revenue decreased $144.3 million, or 34.2%, to $278.2 million for the full year ended December 31, 2022, compared to $422.5 million for the full year ended December 31, 2021. The decline was driven primarily by a 51.6% decrease in same-store sales. Q4 2022...