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Top Ancillary Cannabis Stocks to Watch This Week as U.S. Legalization Momentum Builds
Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™· 2025-08-12 14:00
Industry Overview - The U.S. cannabis industry is projected to generate over $30 billion in annual sales in 2024, with expectations to exceed $50 billion by 2030 due to expanding legalization and rising consumer demand [1] - Recent bipartisan discussions in Congress aim to improve banking access for cannabis businesses, potentially boosting profitability [1] - Ancillary cannabis companies, which provide products and services to cultivators and retailers, benefit from sector growth while avoiding direct plant-touching risks [1][3] Company Highlights - **GrowGeneration (GRWG)**: Operates the largest chain of hydroponic and organic gardening stores in the U.S., reporting net sales of $41 million in Q2 2025, a 14.7% increase from the prior quarter, despite a year-over-year revenue decline [5][8] - **Hydrofarm Holdings Group (HYFM)**: Manufactures and distributes hydroponics equipment, with 2024 revenue of $190.29 million, down 16% from 2023. The company is set to release Q2 2025 results, with a focus on stabilizing revenue [9] - **Scotts Miracle-Gro (SMG)**: Generated approximately $3.55 billion in total revenue in 2024, with a significant improvement in net loss to $34.9 million. The Hawthorne division faced a 35% decline in sales, but the company plans to divest this unit to reduce volatility [10][13] Investment Considerations - Ancillary cannabis stocks like GrowGeneration, Hydrofarm, and Scotts Miracle-Gro provide exposure to the cannabis market while avoiding the complexities of direct sales [14] - GrowGeneration is noted for improving margins and effective cost management, while Hydrofarm is viewed as a watch-and-see opportunity pending upcoming earnings [15] - Scotts Miracle-Gro's planned divestiture of the Hawthorne unit may reshape its market exposure, focusing on core operations for more predictable growth [15]
GrowGeneration Schedules Second Quarter 2025 Earnings Release Conference Call for August 11, 2025
Globenewswire· 2025-07-30 12:00
Core Viewpoint - GrowGeneration Corp. will release its financial results for the second quarter ended June 30, 2025, on August 11, 2025, after market close, followed by a live earnings conference call [1]. Company Overview - GrowGeneration Corp. is the largest specialty retailer of hydroponic and organic gardening products in the United States [3]. - The company offers a wide range of products including nutrients, additives, growing media, lighting, environmental control systems, and proprietary brands such as Charcoir, Drip Hydro, Power Si, Ion lights, and The Harvest Company [3]. - GrowGeneration operates an online superstore for cultivators and has a wholesale business for resellers, as well as a benching, racking, and storage solutions business called Mobile Media or MMI [3]. Earnings Call Information - To participate in the earnings call, domestic participants can dial 1-(888)-699-1199 and international participants can dial 1-(416)-945-7677, using the conference code 53471 [2]. - The call will be webcast and accessible through the Investor Relations section of the GrowGeneration website, with a replay available approximately two hours after the call for about 90 days [2].
GrowGeneration to Participate in the Benzinga Cannabis Capital Conference on June 8-10, 2025
Globenewswire· 2025-06-03 12:00
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]
GrowGeneration to Participate in the 25th Annual Oppenheimer Consumer Growth and E-Commerce Conference on June 9–11, 2025
GlobeNewswire News Room· 2025-05-30 12:00
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]