Company Name: GrowGeneration Corporation (symbol GRWG)
Market Capitalization: 2.476B (as of 09/30/20)
52 Week high/Low: 3.06/67.75 (as of 09/30/20)
PE Ratio: 504.47 (as of 09/30/20)
Total Debt: 278K (as of 09/30/20)
Cash & Equivalents: 180M (as of 12/31/20)
Overview of Company:
GrowGeneration Corp is the largest chain of specialty hydroponic and organic garden centers, with 52 locations across 12 states in the USA. The company sells lighting fixtures, nutrients, seeds and growing media systems, trays, fans, filters, humidifiers and dehumidifiers, timers, instruments, water pumps, irrigation supplies, and hand tools. The company was founded by Darren Lampert and Michael Salaman on March 6, 2014, and is headquartered in Denver, CO.
GrowGeneration is the largest hydroponics supplier in the country with 52 retail stores and distribution centers. They carry and sell thousands of products, such as organic nutrients and soils, advanced lighting technology, and state-of-the-art hydroponics equipment used by commercial and home growers. They have strategic partnerships with the biggest brand names in the industry and offer a direct-to-farm delivery service along with equipment financing. The company website, GrowGeneration.com operates an e-commerce platform with 10,000+ products with available shipping around the country, along with a customer service team available to answer any questions and help make customer growth operate as efficiently as possible.
GrowGeneration Corp is one of the nation’s largest chains of specialty hydroponic and organic garden centers. In 2021 the company announced the appointment of Jeffrey Lasher, as Chief Financial Officer (CFO). This appointment follows the retirement of Monty Lamirato, who has served as the company’s CFO since 2016.