Acquisition Brings Number of GrowGen Locations Nationwide to 5




5

DENVER

,

May 25, 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 The Harvest Company, a northern

California

-based hydroponic supply center and cultivation design innovator with stores in

Redding

and

Trinity County

. The Harvest Company serves growers in

Northern California’s

Emerald Triangle – the largest cannabis-producing region in the country.

“As the country’s largest legal cannabis market,

California

continues to be a critical market for GrowGeneration,” said

Darren Lampert

, GrowGen’s CEO. “The Emerald Triangle in particular represents tremendous market potential, with over 500 cultivation licenses in

Trinity County

alone.

Redding

also is seen as an important emerging cannabis market, and we are proud to expand our presence in the area through a highly respected and leading hydroponics store such as Harvest Company. ”

Founded by Robert Masterson, Harvest Company has provided

Northern California

growers with specialty hydroponic supplies and professional horticultural consultation services since 2014. The Harvest Company’s team of 16 employees will join GrowGen’s team of over 600 grow professionals as part of the transaction, while Mr. Masterson will stay on in an advisory role.

Said Masterson, “The Harvest Company was founded by growers for growers, and that ethos is at the center of everything we do. We look forward to continuing to provide best-in-class supplies and services under the GrowGeneration name.”

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 55 stores, which include 20 locations in

California

, 8 locations in

Colorado

, 7 locations in

Michigan

, 5 locations in

Maine

, 5 locations in

Oklahoma

, 2 locations in

Nevada

, 2 locations in

Washington

, 2 locations in

Oregon

, 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 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 opinions only as of the date of this release. Please keep in mind that the company does not have an obligation 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 made with the United States Securities and Exchange Commission, available at:

www.sec.gov,

and on the company’s website, at:

www.growgeneration.com

.

Company Inquiries:


GrowGeneration Corp.

610-216-0057


[email protected]

Investor Contact:



John Evans


GrowGeneration

415-309-0230


[email protected]

Press Contact:



Sara Geisner


Trailblaze


[email protected]

Connect:


Website:

www.GrowGeneration.com


Instagram:

growgen


Facebook:

GrowGenerationCorp


Twitter:

@GrowGenCorp

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SOURCE GrowGeneration