Acquisition Brings Number of GrowGen Locations Nationwide to 60

DENVER

,

Aug. 24, 2021

/PRNewswire/ –


GrowGeneration Corp


. (NASDAQ: GRWG), (“GrowGen” or the “Company”) the nation’s largest chain of specialty hydroponic and organic garden centers, today announced its acquisition of Commercial Grow Supply, a hydroponic superstore located in

Santa Clarita, California

. Founded in 2011 by

Sevan Derohanian

, Commercial Grow Supply is one of the largest hydroponic suppliers in

Los Angeles County

, with annual revenues approaching

$10 million

. The acquisition brings the number of GrowGen locations in

California

, the country’s largest legal cannabis market, to 22, with 10 locations in

Southern California

.

”

Southern California

continues to be a vital market for GrowGeneration, and we’re thrilled to add Commercial Grow Supply to our growing number of locations in the

Los Angeles

region,” said

Darren Lampert

, GrowGeneration’s CEO. “As the leading hydroponics retailer in

Santa Clarita

,

Los Angeles County’s

third largest city, Commercial Grow Supply boasts a devoted customer base and unmatched cultivation expertise which will help GrowGen better serve

Southern California’s

growers.”

“Over the past decade, we’ve dedicated ourselves to supplying

Los Angeles County

with best-of-breed hydroponic growing supplies and unrivaled cultivation expertise. Partnering with GrowGeneration, the nation’s leading hydroponics retailer, empowers us with the resources to continue serving

Southern California’s

increasing number of growers, from craft gardeners to large-scale commercial cultivators,” said

Sevan Derohanian

, Commercial Grow Supply’s founder.

The Commercial Grow Supply acquisition is GrowGen’s 14th this year and follows yet another quarter of record earnings. The Company  raised its 2021 revenue guidance to

$455 million

–

$475 million

. GrowGen plans to have over 70 garden center locations by the end of 2021.

For more information about GrowGen, or to locate its stores, please visit


www.growgeneration.com


.

About GrowGeneration Corp.:

GrowGen owns and operates specialty retail hydroponic and organic gardening centers. Currently, GrowGen has 60 stores, which include 22 locations in

California

, 8 locations in

Colorado

, 7 locations in

Michigan

, 5 locations in

Maine

, 5 locations in

Oklahoma

, 4 locations in

Oregon

, 3 locations in

Washington

, 2 locations in

Nevada

, 1 location in

Arizona

, 1 location in Rhode Island,1 location in

Florida

, and 1 location in

Massachusetts

.

GrowGen also operates an online superstore for cultivators at

growgeneration.com

and B2B ERP platform, agron.io. GrowGen carries and sells thousands of products, including organic nutrients and soils, advanced lighting technology and state of the art hydroponic equipment to be used indoors and outdoors by commercial and home growers.

Forward Looking Statements:


This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent our current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this release. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as “look forward,” “believe,” “continue,” “building,” or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are often discussed in filings we make with the United States Securities and Exchange Commission, available at:

www.sec.gov,

and on our website, at:

www.growgeneration.com

.

Investor Contact:



John Evans


GrowGeneration



[email protected]

Connect:


Website:


www.GrowGeneration.com




Instagram:



growgen




Facebook:



GrowGenerationCorp




Twitter:



@GrowGenCorp

Company Inquiries:


GrowGeneration Corp.

610-216-0057,



[email protected]

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SOURCE GrowGeneration