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growgeneration corp (GRWG) Details

GrowGeneration Corp., through its subsidiaries, operates retail hydroponic stores. It offers farming soil, hydroponic equipment, lighting, plant nutrients, and various other products. The company serves home growers of organic vegetables and fruits, do-it yourselfers, and growers in the cannabis related markets. As of December 31, 2017, it operated 13 retail hydroponic/gardening stores, including 8 stores located in Colorado, 2 stores in California, 2 stores in Nevada, and 1 store in Washington. The company was formerly known as Easylife Corp. GrowGeneration Corp. was founded in 2008 and is based in Denver, Colorado.

90 Employees
Last Reported Date: 04/1/19
Founded in 2008

growgeneration corp (GRWG) Top Compensated Officers

Co-Founder, CEO & Director
Total Annual Compensation: $297.5K
Co-Founder, President & Director
Total Annual Compensation: $297.5K
CFO & Secretary
Total Annual Compensation: $162.5K
Chief Operating Officer
Total Annual Compensation: $110.0K
Compensation as of Fiscal Year 2018.
growgeneration corp
GrowGeneration Corp. Provides Earnings Guidance for the Year 2019

GrowGeneration Corp. provided earnings guidance for the year 2019. For the period the company increased guidance for 2019 revenue to $60 million to $65 million.

GrowGeneration Corp. Reports Earnings Results for the First Quarter Ended March 31, 2019

GrowGeneration Corp. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was USD 13.087 million compared to USD 4.381 million a year ago. Net income was USD 229,421 compared to net loss of USD 953,430 a year ago. Basic earnings per share was USD 0.01 compared to basic loss per share of USD 0.05 a year ago.

GrowGeneration To Seek Acquisitions

GrowGeneration Corp. (OTCPK:GRWG) will look for acquisitions. Darren Lampert, Co-Founder and Chief Executive Officer of GrowGeneration said, “We have a strong pipeline of new acquisition targets set to close in Q2. We continue to focus on new store acquisitions, proprietary products and the continued development of our online and Amazon sales.”

 

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TEV/Sales 2.0x

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