3 Top Marijuana Stocks To Watch In Today’s Cannabis SectorMarijuana stocks could be in a good position if certain variables play out. Right now there is a lot of politics surrounding the cannabis industry. Often when there are matters concerning cannabis and politics it can impact how people invest and how marijuana stocks trade. Now this is all dependent on the information and how impactful it is. Currently, we are in an election year and campaign promises could help how marijuana stocks trade.Just the spe ...

Top Marijuana Stock Picks For Cannabis Investors 2024Marijuana stock investors have been able to see better trading over the last several months. Much of this is due to speculation of what is to happen in the cannabis industry. Currently, more than 50% of America has legalized cannabis. Even though marijuana is still federally illegal states are reaching revenues in the billions. This is just the start as regulations and laws continue to shift as investors hope to see a stronger sector.For some time cannabi ...

Financial Data and Key Metrics Changes - Full year 2023 net revenue was $226 million, exceeding guidance of $220 million to $225 million, but down from $278 million in 2022, representing an 18.8% decline [3][81] - Adjusted EBITDA for 2023 was a loss of $5.6 million, while the fourth quarter adjusted EBITDA loss improved to $3.7 million from a loss of $10.2 million in Q4 2022 [3][16] - Net loss for Q4 2023 was $27.3 million, or $0.44 per share, compared to a net loss of $15 million, or $0.25 per share, in the same quarter of the previous year [33][81] Business Line Data and Key Metrics Changes - The Gardening and Cultivation segment generated $35.6 million in same-store sales for Q4 2023, down 3.6% from $37 million in Q4 2022 [14] - The Storage Solutions segment revenue was $7.7 million for Q4 2023, slightly down from $7.8 million in the prior year, but gross profit margin increased to 23.5% [36] - Proprietary brands accounted for $36.5 million in sales, approximately 19% of overall gardening and cultivation sales, up from 15% in 2022 [24] Market Data and Key Metrics Changes - The company noted a 19% improvement in gardening and cultivation sales in January 2024 compared to December 2023 [4] - The U.S. market is seeing growing optimism regarding potential federal rescheduling of cannabis, which could significantly impact commercial cultivators [11][42] - Internationally, developments like Germany's legalization are expected to increase global demand for cultivation equipment [34] Company Strategy and Development Direction - The company is focused on three main initiatives for 2024: expanding the brand portfolio, enhancing profitability through cost control and margin expansion, and targeting the home gardening market [23][41] - The company plans to continue consolidating retail locations, having closed 14 in 2023 and three more in early 2024, bringing the total store count to 47 [26][32] - The company is exploring strategic opportunities for its Storage Solutions segment, MMI, to maximize shareholder returns [28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for positive same-store sales in 2024 for the first time since 2021, driven by normalized sales trends and improved operating expenses [86] - The management highlighted the importance of consumable products, which typically command higher margins and provide more predictable revenue [27][70] - The company remains cautious but optimistic about the future, expecting a strong second half of 2024 as outdoor growing season approaches [70][74] Other Important Information - The company reported a significant reduction in SG&A costs, down to $7.9 million in Q4 2023 from $8.6 million in Q4 2022 [15][82] - The company recognized $15.7 million in impaired asset value during its annual test of impairment [15] - The company had total cash and equivalents of $65 million as of December 31, 2023, with a focus on maintaining a strong balance sheet [83][89] Q&A Session Summary Question: What is the guidance for store closures and their impact on revenue? - Management indicated that while they expect some revenue loss from store closures, they aim to retain revenue from larger customers during consolidations [53] Question: What is the rationale behind selling the MMI business? - Management stated that while MMI has shown growth, it primarily serves typical retail rather than the agricultural side, and they are looking to maximize its value [56] Question: How is the broader market performing in terms of store closures and CapEx? - Management noted that while many smaller stores are closing, they are optimistic about the potential for growth in 2024, especially with larger customers [60][72] Question: What are the differences in same-store sales across geographies? - Management acknowledged variations in same-store sales, with some states experiencing consolidation, but overall performance is improving [114] Question: What is the outlook for gross margins in 2024? - Management expressed confidence in maintaining and potentially improving gross margins due to increased penetration of private label products and strategic partnerships [79]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal year ended December 31, 2023 OR ¨ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission File Number 333-207889 GROWGENERATION CORP. (Exact name of registrant as specified in its charter) 5619 DTC Parkway, Suite 900 Greenw ...

U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarter Ended: September 30, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 333-207889 GROWGENERATION CORP. (Exact name of registrant as specified in its charter) (State of other jurisdiction of incorporation) 5619 DTC Parkway, Suite 900 G ...

GrowGeneration Corp. (NASDAQ:GRWG) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants Clay Crumbliss - ICR Darren Lampert - Co-Founder & Chief Executive Officer Greg Sanders - Chief Financial Officer Conference Call Participants Aaron Grey - Alliance Global Partners Brian Nagel - Oppenheimer Andrew Carter - Stifel Eric Des Lauriers - Craig-Hallum Capital Group Scott Fortune - ROTH MKM Mark Smith - Lake Street Capital Markets Glenn Mattson - Ladenburg Thalmann & Co. Operator Hel ...

U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarter Ended: June 30, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 333-207889 GROWGENERATION CORP. (Exact name of registrant as specified in its charter) (State of other jurisdiction of incorporation) 5619 DTC Parkway, Suite 900 Greenw ...

GrowGeneration Corporation (NASDAQ:GRWG) Q1 2023 Earnings Conference Call May 9, 2023 4:30 PM ET Company Participants Clay Crumbliss - ICR Darren Lampert - Co-Founder, CEO & Director Gregory Sanders - CFO Conference Call Participants Brian Nagel - Oppenheimer Mark Smith - Lake Street Capital Markets William Carter - Stifel, Nicolaus & Company Aaron Grey - Alliance Global Partners Eric Des Lauriers - Craig-Hallum Scott Fortune - ROTH MKM Glenn Mattson - Ladenburg Thalmann & Co. Operator Hello, and welcome to ...

U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarter Ended: March 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 333-207889 GROWGENERATION CORP. (Exact name of registrant as specified in its charter) (State of other jurisdiction of incorporation) 5619 DTC Parkway, Suite 900 Green ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) | Colorado | 46-5008129 | | --- | --- | | (State or Other Jurisdiction of | (I.R.S. Employer | Incorporation or Organization) FORM 10-K x ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal year ended December 31, 2022 OR ¨ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition ...