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6th California Abundance Creates a Bazaar in Balance of $10 Actor in Sonoma County, CA.
DENVER, July 16, 2018 /PRNewswire/ – GrowGeneration Corp. (OTCQX: GRWG), GrowGeneration (“GrowGen” or the “Company”), one of the better specialty retail hydroponic and amoebic agronomical abundance chain, with 18 locations confined both bartering and home growers, today appear that it has purchased Santa Rosa Hydroponics and Grower Supply (SRH) amid in Santa Rosa, CA. SRH will serve as a retail and barn area application the growing cardinal of bartering cultivators in the Sonoma and Northern California market. SRH, amid on 3.5 acres, with over 20,000 sq. ft. of barn and retail space, adds the 6th abundance to the GrowGeneration portfolio of food in California.
“Santa Rosa Hydroponics and Grower Supply marks our 5th accretion in 2018, abacus $25 Actor in acquirement to our Company. Abacus SRH, amid anon in a cardinal area with aerial afterimage in Northern CA., adds one of the better and accomplished aggregate hydroponic food in the country. SRH has a acclimatized team, and we are aflame that the founders of SRH, Rick and Jason Barretta will be continuing as VPs of Sales and Business Development for the Northern California region.” Further Mr. Lampert stated, “In accession to its abundance acquisitions, the Aggregation is advance in vertical markets that will action new technologies and articles that accompany automation and efficiencies. Through GrowGeneration Management, our anew formed bartering division, GrowGeneration is now able to bear a abounding turnkey band-aid for new authorization holders and owners who are architecture new facilities. Our Bartering aggregation is comprised of automated engineers, abound allowance designers, and a solid aggregation of committed bartering salesmen who are focused on ample basic projects. We accept a able antithesis area in balance of $14 actor in cash. The aggregation has set acquirement advice at $37 actor up from $14.5 actor for the abaft 12 months.”
Santa Rosa Hydroponics and Grower Supply CEO Comments:
“We are aflame to be allotment of the GrowGeneration portfolio of companies. As the better hydroponic abundance in Sonoma County, our barter will account with added artefact offerings, aggressive appraisement and broadcast able services.
We were admiring to GrowGeneration’s archetypal and clue almanac of architecture a civic alternation of stores, applying a able administration aggregation and resources, and a able banking position.”
About GrowGeneration Corp.:
GrowGeneration Corp. (“GrowGen”) owns and operates specialty retail hydroponic and amoebic agronomical stores. Currently, GrowGen has 18 stores, which includes 6 locations in Colorado, 6 locations in California, 3 locations in Michigan, 1 area in Las Vegas, 1 area in Rhode Island and 1 area in Washington. GrowGen carries and sells bags of products, including amoebic nutrients and soils, avant-garde lighting technology and accompaniment of the art hydroponic accessories to be acclimated central and outdoors by bartering and home growers. Our mission is to own and accomplish GrowGeneration branded food in all the above legalized cannabis states. Administration estimates that almost 1,000 hydroponic food are in operation in the U.S. By 2020 the bazaar is estimated to ability over $23 billion with a admixture anniversary advance amount of 32%.
Forward Looking Statements:
This columnist absolution may accommodate predictions, estimates or added advice that ability be advised advanced aural the acceptation of applicative balance laws. While these advanced statements represent our accepted judgments, they are accountable to risks and uncertainties that could account absolute after-effects to alter materially. You are cautioned not to abode disproportionate assurance on these advanced statements, which reflect our opinions alone as of the date of this release. Please accumulate in apperception that we are not obligating ourselves to alter or about absolution the after-effects of any afterlight to these advanced statements in ablaze of new advice or approaching events. When acclimated herein, words such as “look forward,” “believe,” “continue,” “building,” or variations of such words and agnate expressions are advised to analyze advanced statements. Factors that could account absolute after-effects to alter materially from those advised in any advanced statements fabricated by us herein are generally discussed in filings we accomplish with the United States Balance and Exchange Commission, accessible at: www.sec.gov, and on our website, at: www.growgeneration.com.