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DENVER, July 10, 2025 (GLOBE NEWSWIRE) -- GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the nation’s largest specialty retailer of hydroponic and organic gardening products, today announced it will showcase its latest innovations at Cultivate’25, Booth #1353, to be held July 12–15, 2025, at the Greater Columbus Convention Center in Columbus, Ohio. Cultivate’25 is the premier horticulture trade show for greenhouse growers, nurseries, and lawn & garden professionals. Attendees can explore ...

Core Viewpoint - GrowGeneration Corp. (GRWG) has acquired Viagrow, a domestic supplier of gardening and hydroponic equipment, to enhance its growth strategy focused on proprietary brands and expanding its customer base [1][6]. Group 1: Acquisition Details - Viagrow, founded in 1998 in Athens, GA, generates $3 million in annual revenues and offers a range of gardening supplies available at major retailers and online [2]. - The acquisition will improve GRWG's omni-channel capabilities, enhancing its e-commerce performance and allowing it to reach a broader customer base [3]. Group 2: Financial Impact - The deal is expected to be accretive to GRWG's gross margin by 2025, supporting the company's goal of achieving over 30% margins through private-label expansion [4][6]. - GRWG will finance the acquisition through a combination of cash and stock [4]. Group 3: Market Performance - Over the past year, GRWG's stock has declined by 47.8%, contrasting with a 12% decline in the industry [5].

Core Insights - GrowGeneration Corp. has announced the acquisition of Viagrow, a domestic supplier of gardening and hydroponic equipment, to enhance its presence in the home gardening and big box retail segments [1][3][5] - Viagrow generates annual revenues of $3 million and offers a range of eco-friendly gardening supplies distributed through major retailers and e-commerce platforms [2][8] - The acquisition aims to diversify revenue streams, enhance GrowGen's proprietary brand portfolio, and strengthen its leadership in the controlled environment agriculture (CEA) industry [3][10] Company Overview - GrowGeneration is the largest specialty retailer of hydroponic and organic gardening products in the United States, offering thousands of products including nutrients, additives, and environmental control systems [6] - The company operates an online superstore and a wholesale business, catering to both cultivators and resellers [6] Strategic Implications - The acquisition is seen as a transformational step for GrowGen, allowing it to expand into the rapidly growing home gardening and big box retail sectors [5] - It supports the company's strategy to drive higher-margin growth through proprietary brands and broadens its customer base across multiple channels [5][10] - The deal is expected to be accretive to gross margin in FY2025, with a goal of achieving 30%+ margins through private-label expansion [10]

Core Viewpoint - Scotts Miracle-Gro shares experienced an 11% increase after the company reaffirmed its optimistic guidance for fiscal 2025, contrasting with a generally bearish market day where the S&P 500 fell by 0.5% [1] Group 1: Financial Guidance - The company expects U.S. consumer net sales to grow at a low-single-digit percentage rate compared to fiscal 2024, with non-GAAP adjusted EBITDA projected between $570 million and $590 million [2] - Analysts predict a single-digit percentage decline in revenue for fiscal 2025, estimating revenue at $3.44 billion, which is over 3% lower than the previous year's results [4] Group 2: Market Context - The current period is significant for Scotts as it coincides with the growing season, a time when both individual and institutional growers engage in extensive planting [5] - The CEO highlighted the positive outcomes driven by consumer health and effective marketing investments during this peak lawn and garden season [5] Group 3: Investment Appeal - While the management's commitment to revenue growth projections is noted, the company is characterized as a slow-growing, mature business that offers an attractive dividend yield of 4.1%, positioning it as an income stock [6]

Press release – Neuilly-sur-Seine, Tuesday, June 3, 2025 - 5.45 pm ARGAN has started the works of a new Aut0nom® for NORTENE HOME DEPOT Just a few weeks after the signing of a new lease in future state of completion, earthworks machninery is already in action in the business area (French ZAC) of Louailles “Ouest Park” (72). The future platform with a size of 18,000 sq.m will welcome, at the end of the year, the teams of NORTENE HOME DEPOT, a company specializing in gardening and outdoor spaces equipment. ...

Core Insights - GrowGeneration Corp. is the largest specialty retailer of hydroponic and organic gardening products in the United States [3] Group 1: Company Participation in Events - GrowGeneration's CEO Darren Lampert, President Michael Salaman, CFO Greg Sanders, and VP of Sales Matthew Koch will participate in the Benzinga Cannabis Capital Conference from June 8-10, 2025, in Chicago [1] - Lampert and Koch will engage in a panel discussion titled "Can the Sun Compete with the Socket? Greenhouse vs Indoor in the Fight for Premium Pricing" on June 10, 2025, at 4:20 p.m. Central Time [2] - The company will host one-on-one meetings during the conference for interested parties [2] Group 2: Company Overview - GrowGeneration offers a wide range of products including nutrients, additives, growing media, lighting, environmental control systems, and proprietary brands such as Charcoir, Drip Hydro, and Power Si [3] - The company operates an online superstore for cultivators at growgeneration.com and has a wholesale business for resellers, as well as a benching, racking, and storage solutions business called Mobile Media or MMI [3]

Company Overview - GrowGeneration Corp. is the nation's largest specialty hydroponic and organic gardening retailer, offering thousands of products including nutrients, additives, growing media, lighting, and environmental control systems [4] - The company operates an online superstore for cultivators at growgeneration.com and has a wholesale business for resellers, as well as a benching, racking, and storage solutions business called Mobile Media or MMI [4] Upcoming Events - Management will participate in Oppenheimer's 25th Annual Consumer Growth and E-Commerce Conference, scheduled for June 9–11, 2025 [1] - Darren Lampert, the CEO and Co-Founder, will engage in a Fireside Chat on June 9, 2025, at 9:00 a.m. Eastern Time, with a webcast available on the Investor Relations site [2] - The company will host 1x1 meetings during the conference, with scheduling available through Oppenheimer representatives or via email [3]

Core Insights - GrowGeneration Corp. reported a first quarter net sales of $35.7 million, a decrease from $47.9 million in the same period last year, primarily due to the closure of 19 retail locations in 2024 [4][6] - Proprietary brand sales increased to 32.0% of total Cultivation and Gardening revenue, up from 22.6% year-over-year, reflecting the strength of the company's product portfolio [5][6] - The gross profit margin improved to 27.2%, compared to 25.8% in the first quarter of 2024, indicating operational efficiency [7][9] Financial Performance - The company reported a net loss of $9.4 million for the first quarter of 2025, compared to a net loss of $8.8 million in the same quarter of 2024 [9][10] - Adjusted EBITDA loss was $4.0 million, worsening from a loss of $2.9 million in the prior year [10][26] - Cash, cash equivalents, and marketable securities totaled $52.6 million with no debt, providing financial flexibility for future growth initiatives [6][10] Operational Strategy - The company is transitioning to a regional fulfillment center model and focusing on B2B engagement, moving away from same-store sales as a key performance metric [3][12] - Store and other operating expenses decreased by approximately 17.3% to $8.8 million compared to $10.6 million in the first quarter of 2024 [8][9] - The company has withdrawn its full-year 2025 financial outlook due to macroeconomic uncertainties and is exploring strategies to mitigate risks [12] Future Outlook - For the second quarter of 2025, GrowGeneration expects total consolidated net sales to exceed $40 million [13]