GrowGeneration Corp. today announced it signed a lease to open a 10,000 square foot cultivation equipment warehouse operation and product showroom in Tulsa, Oklahoma, to service the emerging legal cannabis cultivators in the State of Oklahoma. The Company plans to be open for business January 14, 2019. The Tulsa store will be the 19th for the Company.
GrowGeneration Corp. (OTCQX: GRWG), ("GrowGen" or the "Company") one of the largest specialty retail hydroponic and organic gardening stores, selling to both the commercial and home cannabis markets, with currently 18 locations, today reported financial results for its 3rd quarter ended September 30, 2018.
Zacks Small-Cap Research Analyst Steven Ralston, C.F.A. has initiated coverage of GrowGeneration Corp. Zacks' $7.40 per-share price target is based on TTM sales through the just-completed third quarter of 2018 and predicated on attaining an 8.3 industry average P/S multiple.
GrowGeneration Corp. announced it is forming GrowGeneration Canada for the purpose of acquiring retail and wholesale equipment and grow supply companies servicing the Canadian cultivator. The Company will initially operate out of Ontario and British Columbia and plans to finance this entity and its acquisitions independently from GrowGen USA. The Company has begun discussions with several acquisition targets, expected to total over $20M.
GrowGeneration Corp. today announced it has purchased HeavyGardens.com,(HG) an online seller of hydroponic and grow supplies. HeavyGardens.com is projected to generate over $5,000,000 in sales for GrowGen for fiscal year-end 2019. Today, HG generates over 100,000 views per month.