GrowGeneration
GRWG

$2.42

0.83%

Market Cap: 147M

About: GrowGeneration Corp owns and operates specialty retail hydroponic and organic gardening stores. The firm is a marketer and distributor of nutrients, growing media, advanced indoor and greenhouse lighting, ventilation systems and accessories for hydroponic gardening. The Company has two reportable segments, including Cultivation and Gardening segment, composed of the Company's hydroponic and organic gardening business; and the Storage Solutions segment, composed of the Company's benching, racking, and storage solutions business.

Employees: 425

Materials Building Materials, Hardware, Garden Supply

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

0

News positive %

of 7 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

248% more call options, than puts

Call options by funds: $1.25M | Put options by funds: $360K

100% more funds holding in top 10

Funds holding in top 10: 0 [Q4 2023] → 1 (+1) [Q1 2024]

27% more capital invested

Capital invested by funds: $55.5M [Q4 2023] → $70.3M (+$14.8M) [Q1 2024]

3.86% more ownership

Funds ownership: 36.07% [Q4 2023] → 39.93% (+3.86%) [Q1 2024]

12% less funds holding

Funds holding: 132 [Q4 2023] → 116 (-16) [Q1 2024]

26% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 38

52% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 31

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$2.75

14%

upside

Avg. target

$3.38

39%

upside

High target

$4

65%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

Lake Street Mark Smith	65%upside $4	Buy Maintained	26 Jul 2024
Roth MKM Scott Fortune	14%upside $2.75	Neutral Maintained	9 May 2024

See Analyst Rankings

Financial journalist opinion

Based on 7 articles about GRWG published over the past 30 days

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The cannabis industry in the United States is experiencing rapid growth. In 2023, the market was valued at $10 billion. Analysts predict it could reach $30 billion by 2025. This surge is fueled by increasing legalization and acceptance. Recently, there have been headlines about potential federal legalization. This would significantly boost the market. Ancillary cannabis stocks, which support the industry without touching the plant, are particularly worth watching. These companies provide essential services and products, ranging from technology to hydroponics. They are crucial for the industry's infrastructure and growth.

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GrowGeneration Schedules Second Quarter 2024 Earnings Release Conference Call for August 8, 2024

DENVER--(BUSINESS WIRE)--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 it will release its financial results for the second quarter ended June 30, 2024, on Thursday, August 8, 2024 after market close. The announcement will be followed by a live earnings conference call at 4:30 p.m. ET. To participate in the call, please dial (800) 836-818.

GrowGeneration Schedules Second Quarter 2024 Earnings Release Conference Call for August 8, 2024

GrowGeneration Announces Second Quarter 2024 Preliminary Results, Strategic Restructuring Plan and Outlines Path to Profitability

DENVER--(BUSINESS WIRE)--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 certain preliminary unaudited results for the second quarter 2024. Second quarter 2024 net revenue is expected to be over $53 million, a sequential increase of at least 10.6% compared to $47.9 million in the prior quarter. The Company also announced a comprehensive res.

GrowGeneration Announces Second Quarter 2024 Preliminary Results, Strategic Restructuring Plan and Outlines Path to Profitability

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GrowGeneration: Why I Got Back In

GrowGeneration is a NASDAQ-listed stock with good trading volumes, and it is a member of the New Cannabis Ventures Global Cannabis Stock Index. Analysts project declining revenue and negative net income for GrowGeneration in 2024, with an improvement in 2025, but with a low adjusted EBITDA margin. Despite declining revenue, GrowGeneration trades below tangible book value, has a strong balance sheet, and the chart supports potential upside.

GrowGeneration: Why I Got Back In

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GrowGeneration to Participate in The Benzinga Cannabis Market Spotlight on June 17, 2024

DENVER--(BUSINESS WIRE)--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 attend the Benzinga Cannabis Market Spotlight Conference on June 17, 2024, in New Brunswick, New Jersey. Darren Lampert, Chief Executive Office.

GrowGeneration to Participate in The Benzinga Cannabis Market Spotlight on June 17, 2024

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The US cannabis industry and top marijuana stocks are booming, with legal sales expected to reach $41 billion by 2025. This growth presents numerous investment opportunities, especially in ancillary cannabis stocks. Ancillary companies, which provide essential services and products for cultivation, are crucial to the industry's infrastructure. Top stocks to watch this week include those involved in hydroponics, lighting, and nutrient solutions. Recent headlines highlight ongoing efforts toward federal legalization, which could further boost the market. As states like New York and Virginia join the legal market, the industry's expansion shows no signs of slowing.

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GrowGeneration's Horticultural Rep Group Unveils B2B Portal for Hydroponic Retailers and Garden Centers Nationwide

DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), today announced that the Horticultural Rep Group (HRG), a wholesale division of the Company and a leading distributor in the hydroponic industry, has unveiled its new B2B portal for hydroponic retailers and garden centers. The innovative new portal, HRG Marketplace, aims to revolutionize the way HRG customers and partners across the United States access and procure products. Effective immediately, the HRG.

GrowGeneration's Horticultural Rep Group Unveils B2B Portal for Hydroponic Retailers and Garden Centers Nationwide

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