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An announcement from GrowGeneration ( (GRWG) ) is now available.
On February 6, 2025, GrowGeneration issued a shareholder letter highlighting its 2024 achievements and outlining its strategic plans for 2025. The company reported significant progress in transforming into a product-driven, B2B-focused organization, increasing proprietary brand sales, and launching a new B2B e-commerce platform. In 2024, GrowGeneration streamlined operations, met its store closure targets, and improved efficiencies, which are expected to reduce expenses by approximately $12 million annually. The company anticipates 2024 net sales between $188 million and $190 million, with a debt-free balance sheet and strong cash position. Looking forward, GrowGeneration aims to expand its proprietary brands and market reach while maintaining operational efficiencies and exploring strategic acquisitions, positioning itself for growth and innovation in 2025.
More about GrowGeneration
GrowGeneration Corp., established in Colorado in 2014, is the largest chain of specialty retail hydroponic and organic garden centers in the United States. The company specializes in developing, marketing, retailing, and distributing products for indoor and outdoor hydroponic and organic gardening, as well as customized storage solutions. Its product offerings include nutrients, additives, growing media, lighting, environmental control systems, benching and racking, and proprietary brands such as Char Coir, Drip Hydro, and Ion lights.
YTD Price Performance: -20.57%
Average Trading Volume: 692,602
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $82.35M
See more insights into GRWG stock on TipRanks’ Stock Analysis page.
