Associated tags: Retail, Agriculture, Natural Resources, Specialty, Other Retail, Webcast, Calendar
Locations: FLORIDA, ILLINOIS, CHICAGO, FL, COLORADO, UNITED STATES, NORTH AMERICA, TEXAS
Cannabis,
Agriculture,
Natural Resources,
Other Retail,
Retail,
Gardening,
Use,
Depreciation,
Webcast,
Comparable,
Share repurchase,
Adjustment,
Calendar,
GAAP,
Cryptocurrency GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, today announced financial results for the first quarter ended March 31, 2024.
Key Points:
- GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, today announced financial results for the first quarter ended March 31, 2024.
- As we look to the rest of 2024, we remain optimistic around forward looking opportunities for profitable growth.”
Net sales declined $8.9 million, or 15.7%, to $47.9 million for the quarter ended March 31, 2024 compared to $56.8 million for the quarter ended March 31, 2023.
- Store and other operating expenses in the first quarter of 2024 were $10.6 million, compared to $12.6 million in the first quarter of 2023, a decrease of 15.8%.
- Selling, general, and administrative expenses in the first quarter of 2024 were $7.9 million, compared to $6.8 million in the first quarter of 2023, an increase of 15.6%.
The announcement will be followed by a live earnings conference call at 4:30 p.m.
Key Points:
- The announcement will be followed by a live earnings conference call at 4:30 p.m.
- To participate in the call, please dial (800) 836-8184 (domestic) or (289) 819-1350 (international).
- The call will also be webcast and can be accessed here or in the Investor Relations section of the GrowGeneration website at: ir.growgeneration.com .
- A replay of the webcast will be available approximately two hours after the conclusion of the call and remain available for approximately 90 calendar days.
GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, today announced that members of management, including Darren Lampert, CEO and Co-Founder, and Michael Salaman, President and Co-Founder, will be participating in the Benzinga Cannabis Capital Conference.
Key Points:
- GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, today announced that members of management, including Darren Lampert, CEO and Co-Founder, and Michael Salaman, President and Co-Founder, will be participating in the Benzinga Cannabis Capital Conference.
- The conference will be held April 16-17, 2024 in Hollywood, FL.
- Darren Lampert, Chief Executive Officer and Co-Founder, will participate in an in-person panel discussion with fellow industry leaders at the conference on Tuesday, April 16, 2024 at 1:30 p.m. Eastern Time.
- GrowGeneration’s commercial team will also be present to showcase the Company’s proprietary brands developed for cannabis cultivation.
Retrieved on:
Thursday, February 29, 2024
GrowGeneration Corp. (NASDAQ: GRWG), the largest chain of specialty hydroponic and organic garden centers in the United States, today announced a strategic partnership between its distribution arm, HRG Distribution, and Quest Climate, a pioneering leader in advanced dehumidification technology.
Key Points:
- GrowGeneration Corp. (NASDAQ: GRWG), the largest chain of specialty hydroponic and organic garden centers in the United States, today announced a strategic partnership between its distribution arm, HRG Distribution, and Quest Climate, a pioneering leader in advanced dehumidification technology.
- Quest Climate, known for its superior performance, quality, and customer service, will now be available through HRG Distribution, extending access to our retail partners.
- “This partnership with Quest Climate and GrowGeneration represents a powerful synergy.
- Lampert continued, “By partnering with Quest Climate, we fortify our status as the go-to source for cultivators in search of top-tier products and solutions.
Retrieved on:
Wednesday, February 28, 2024
The announcement will be followed by a live earnings conference call at 4:30 p.m.
Key Points:
- The announcement will be followed by a live earnings conference call at 4:30 p.m.
- To participate in the call, please dial (888) 664-6392 (domestic) or (416) 764-8659 (international).
- The call will also be webcast and can be accessed here or in the Investor Relations section of the GrowGeneration website at: ir.growgeneration.com .
- A replay of the webcast will be available approximately two hours after the conclusion of the call and remain available for approximately 90 calendar days.
Retrieved on:
Thursday, February 1, 2024
Agriculture,
Natural Resources,
Sustainability,
Environment,
Specialty,
Environmental Health,
Cannabis,
Retail,
Multimedia,
Pure,
Research,
Micronutrient,
Nutrient,
Social media,
Purification Rundown,
Nitrogen,
Health Drip Hydro, a leader in agricultural innovation, has specially formulated a powder nutrient line, meticulously designed for cannabis cultivation.
Key Points:
- Drip Hydro, a leader in agricultural innovation, has specially formulated a powder nutrient line, meticulously designed for cannabis cultivation.
- Key highlights of the Drip Hydro powder nutrient line include:
Balanced Formulation: Perfectly balanced nutrients eliminate the need for additional Cal-mag supplements.
- The Drip Hydro powder nutrient line is now available for purchase at all GrowGeneration retail locations, GrowGeneration.com, and through select distributors.
- For more information on the new nutrient line and other products from Drip Hydro, visit driphydro.com or follow on social media @drip_hydro.
Cannabis,
Agriculture,
Natural Resources,
Retail,
Specialty,
Conference,
Tax,
Depreciation,
GAAP,
Adjustment,
Use,
Cryptocurrency GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the largest chain of specialty hydroponic and organic garden centers in the United States, today announced an update to its full-year 2023 financial outlook 2.
Key Points:
- GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the largest chain of specialty hydroponic and organic garden centers in the United States, today announced an update to its full-year 2023 financial outlook 2.
- The Company now expects revenue for full-year 2023 to be at the top-end of the previously communicated guidance range of $220 million to $225 million.
- Adjusted EBITDA 1 guidance for full-year 2023 remains unchanged to be between a loss of $4 million to a loss of $6 million.
- (2) Sales and Adjusted EBITDA guidance metrics are inclusive of acquisitions, store openings, and store closures and consolidations completed in 2023 and 2022.
Retrieved on:
Wednesday, January 3, 2024
GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the largest chain of specialty hydroponic and organic garden centers in the United States, today announced that the Company will be participating in the 26th Annual ICR Conference to be held January 8-10, 2024 in Orlando, Florida.
Key Points:
- GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the largest chain of specialty hydroponic and organic garden centers in the United States, today announced that the Company will be participating in the 26th Annual ICR Conference to be held January 8-10, 2024 in Orlando, Florida.
- Darren Lampert, Chief Executive Officer, will participate in an in-person fireside chat on Monday, January 8, 2024 at 1:30 p.m. Eastern Time.
- The live webcast of the fireside chat will be accessible in the “News & Events” section of the Company’s Investor Relations website at https://ir.growgeneration.com/ .
- An archived replay of the webcasts will be available shortly after the live events have concluded.
Retrieved on:
Wednesday, November 8, 2023
Agriculture,
Natural Resources,
Other Natural Resources,
Adjustment,
Tax,
Use,
SG,
EBITDA,
GAAP,
MMI,
Webcast,
Depreciation,
Rationalization,
Calendar,
ERP,
Cryptocurrency,
Video game,
Bookkeeping GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the largest chain of specialty hydroponic and organic garden centers in the United States with 50 stores across 18 states, today reported financial results for the third quarter ended September 30, 2023.
Key Points:
- GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the largest chain of specialty hydroponic and organic garden centers in the United States with 50 stores across 18 states, today reported financial results for the third quarter ended September 30, 2023.
- We believe that our third quarter results represent progress towards the initiatives that we have been striving to achieve.
- Revenue from non-retail operations, including distributed brands and MMI, was $11.5 million in the third quarter of 2023, compared to $19.8 million in the same quarter last year.
- Gross profit was $16.2 million for the third quarter of 2023, compared to $18.3 million for the third quarter of 2022.
Retrieved on:
Wednesday, October 25, 2023
GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the largest chain of specialty hydroponic and organic garden centers in the United States, today announced it will release its financial results for the third quarter ended September 30, 2023 on Wednesday, November 8, 2023 after market close.
Key Points:
- GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the largest chain of specialty hydroponic and organic garden centers in the United States, today announced it will release its financial results for the third quarter ended September 30, 2023 on Wednesday, November 8, 2023 after market close.
- The announcement will be followed by a live earnings conference call at 4:30 p.m.
- The call will also be webcast and can be accessed here or in the Investor Relations section of the GrowGeneration website at: ir.growgeneration.com .
- A replay of the webcast will be available approximately two hours after the conclusion of the call and remain available for approximately 90 calendar days.
