GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. It engages in the marketing and distribution of nutrients, growing media, advanced indoor and greenhouse lighting, environmental control systems, vertical benching, and accessories for hydroponic gardening, as well as other indoor and outdoor growing products. The company serves commercial and urban cultivators growing specialty crops, including organics, greens, and plant-based medicines. As of March 01, 2022, it operated a chain of 63 stores, which includes 23 in California, 8 in Colorado, 7 in Michigan, 5 in Maine, 6 in Oklahoma, 4 in Oregon, 3 in Washington, 2 in Nevada, 1 in Arizona, 1 in Rhode Island, 1 in Florida, 1 in Massachusetts, and 1 in New Mexico, as well as growgeneration.com, an online superstore for cultivators. The company was formerly known as Easylife Corp. GrowGeneration Corp. was founded in 2008 and is based in Greenwood Village, Colorado.
Company profile
Ticker
GRWG
Exchange
Website
CEO
Mr. Darren Lampert
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
Dekkun Corp
SEC CIK
Corporate docs
Subsidiaries
GrowGeneration Proprietary Brands, Inc. • GrowGeneration USA, Inc. • GrowGeneration Canada Corp. • GGen Distribution Corp. ...
GRWG stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
30 Sep 24
10-Q
2024 Q2
Quarterly report
8 Aug 24
8-K
GrowGeneration Reports Second Quarter 2024 Financial Results
8 Aug 24
8-K
Regulation FD Disclosure
25 Jul 24
8-K
GrowGeneration Announces Second Quarter 2024 Preliminary Results, Strategic Restructuring Plan and Outlines Path to Profitability
23 Jul 24
8-K
Submission of Matters to a Vote of Security Holders
21 Jun 24
8-K
GrowGeneration Reports First Quarter 2024 Financial Results
8 May 24
10-Q
2024 Q1
Quarterly report
8 May 24
ARS
2023 FY
Annual report to shareholders
26 Apr 24
DEF 14A
Definitive proxy
26 Apr 24
Transcripts
GRWG
Earnings call transcript
2024 Q2
8 Aug 24
GRWG
Earnings call transcript
2024 Q1
8 May 24
GRWG
Earnings call transcript
2023 Q4
13 Mar 24
GRWG
Earnings call transcript
2023 Q3
8 Nov 23
GRWG
Earnings call transcript
2023 Q2
8 Aug 23
GRWG
Earnings call transcript
2023 Q2
8 Aug 23
GRWG
Earnings call transcript
2023 Q1
9 May 23
GRWG
Earnings call transcript
2022 Q4
15 Mar 23
GRWG
Earnings call transcript
2022 Q3
8 Nov 22
GRWG
Earnings call transcript
2022 Q2
5 Aug 22
Latest ownership filings
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 27.58 mm | 27.58 mm | 27.58 mm | 27.58 mm | 27.58 mm | 27.58 mm |
Cash burn (monthly) | 1.16 mm | 167.42 k | 2.17 mm | 4.30 mm | 122.67 k | 833.50 k |
Cash used (since last report) | 4.35 mm | 628.66 k | 8.15 mm | 16.15 mm | 460.62 k | 3.13 mm |
Cash remaining | 23.23 mm | 26.95 mm | 19.42 mm | 11.42 mm | 27.12 mm | 24.45 mm |
Runway (months of cash) | 20.1 | 161.0 | 8.9 | 2.7 | 221.1 | 29.3 |
Institutional ownership, Q2 2024
47.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 127 |
Opened positions | 28 |
Closed positions | 21 |
Increased positions | 31 |
Reduced positions | 24 |
13F shares | Current |
---|---|
Total value | 50.77 bn |
Total shares | 28.18 mm |
Total puts | 71.40 k |
Total calls | 469.70 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
BLK BlackRock | 4.24 mm | $9.12 bn |
Vanguard | 3.05 mm | $6.56 bn |
Merida Capital Partners | 1.78 mm | $71.44 mm |
AADR AdvisorShares Dorsey Wright ADR ETF | 1.75 mm | $0.00 |
AWM Investment | 1.66 mm | $3.57 bn |
Toroso Investments | 1.50 mm | $3.22 bn |
Dimensional Fund Advisors | 1.41 mm | $3.03 bn |
Geode Capital Management | 1.38 mm | $2.96 bn |
Primecap Management | 1.16 mm | $2.49 bn |
STT State Street | 1.15 mm | $2.47 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
27 Sep 24 | Aiello Stephen | Common Stock | Grant | Acquire A | No | No | 0 | 20,000 | 0.00 | 514,977 |
27 Sep 24 | Eula L Adams | Common Stock | Grant | Acquire A | No | No | 0 | 25,000 | 0.00 | 77,870 |
27 Sep 24 | Starlett Carter | Common Stock | Grant | Acquire A | No | No | 0 | 20,000 | 0.00 | 20,000 |
27 Aug 24 | Eula L Adams | Common Stock | Buy | Acquire P | Yes | No | 2.02 | 25,000 | 50.50 k | 25,000 |
15 Aug 24 | Aiello Stephen | Common Stock | Buy | Acquire P | No | No | 2.03 | 48,916 | 99.30 k | 494,977 |
14 Aug 24 | Aiello Stephen | Common Stock | Buy | Acquire P | No | No | 1.91 | 51,084 | 97.57 k | 446,061 |
News
Marijuana Stock Movers For October 11, 2024
11 Oct 24
Darren, President, GrowGeneration Says Co Has Around 30K Customers Shopping In Its Stores, Says 'We Have More Data Than Most Of The Industry'
9 Oct 24
Cannabis Stock Gainers And Losers From October 9, 2024
9 Oct 24
Cannabis Stock Gainers And Losers From October 1, 2024
1 Oct 24
"Kamala Harris Says 'We Need To Legalize' Marijuana For First Time As Democratic Presidential Nominee" - Marijuana Moment
30 Sep 24
Press releases
GrowGeneration to Participate in the Benzinga Cannabis Capital Conference on October 8 and 9, 2024
30 Sep 24
GrowGeneration to Participate in the Lake Street Capital Markets 8th Annual Best Ideas Growth Conference on September 12, 2024
28 Aug 24
GrowGeneration Schedules Second Quarter 2024 Earnings Release Conference Call for August 8, 2024
24 Jul 24