Core Viewpoint - Hydrofarm Holdings Group, Inc. has announced the appointment of Chris Yetter to its Board of Directors and the Compensation Committee, effective October 1, 2025, following the retirement of Susan P. Peters from the Board on the same date [1][2]. Group 1: Board Changes - Chris Yetter has been appointed to the Board and the Compensation Committee, bringing extensive investment experience, particularly in the health and wellness sector and the U.S. regulated cannabis industry [1][3]. - Susan P. Peters has resigned from the Board to spend more time with family, and her resignation was not due to any disagreements with the Company [2]. Group 2: Company Overview - Hydrofarm is a leading independent manufacturer and distributor of hydroponics equipment and supplies for controlled environment agriculture, with a mission to empower growers with products that enhance quality, efficiency, consistency, and speed in their growing projects [4]. - The Company has been in operation for over 40 years, providing a wide range of products including grow lights, climate control solutions, growing media, and nutrients [4].

Core Insights - The cannabis industry is experiencing significant progress and innovation, despite many marijuana stocks underperforming [1] - The market is divided into two main areas: large multi-state operators (MSOs) and ancillary companies that provide services or products related to cannabis [2] - Ancillary marijuana companies are performing better due to their diversified business models, which help them withstand market fluctuations [3] Company Highlights - **Hydrofarm Holdings Group, Inc.**: Reports Q1 2025 earnings with net sales of $40.5 million, down from $54.2 million; gross profit decreased to $6.9 million with a gross profit margin of 17.0% [7] - **GrowGeneration Corp.**: Operates retail hydroponic and organic gardening stores; recently entered a distribution agreement with V1 Solutions to expand its market presence in the EU [8] - **High Tide Inc.**: Engages in cannabis retail across North America; recently opened two new Canna Cabana locations in Toronto and Winnipeg, indicating strong market performance in Manitoba and Ontario [11]