Streetbeat News

GRWG

GrowGeneration Corp.

https://www.growgeneration.com

Industry

Specialty Retail

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.

Open

1.89

Mkt cap

111M

Volume

530K

High

1.93

P/E Ratio

-2.29

52-wk high

3.38

Low

1.86

Div yield

N/A

52-wk low

1.77

Cannabis stocks experienced significant movements on March 26, 2024, with notable gainers including Auxly Cannabis Group, Village Farms Intl, and Canopy Growth, among others. Losers of the day included Beleave, Elixinol Wellness, and SOL Global Investments. The movements reflect the volatile nature of the cannabis market.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 9:30 pm

In Tuesday's intraday session, 12 consumer discretionary stocks showed significant movement. Notable gainers included Cazoo Group, Krispy Kreme, Lead Real Estate Co, Yunji, Allurion Technologies, and GrowGeneration, with increases ranging from 10.63% to 42.1%. On the downside, EZGO Technologies, Pinstripes Holdings, Canoo, Singing Machine Co, Chijet Motor Co, and ZHONGCHAO saw declines between 14.19% and 19%. The movements reflect varying market capitalizations and recent earnings releases for some.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 5:31 pm

Cannabis stocks experienced significant movements on March 25, 2024, with notable gainers including Beleave, Green Growth Brands, and Auxly Cannabis Group, while losers comprised Global Hemp Group, Elixinol Wellness, and SOL Global Investments. Major US-listed companies like GrowGeneration, Canopy Growth, Aurora Cannabis, OrganiGram Holdings, Greenlane Holdings, Tilray Brands, Cara Therapeutics, and Cronos Group also saw varied stock price changes.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 9:30 pm

In Monday's intraday session, 12 consumer discretionary stocks showed significant movement. Notable gainers included Target Hospitality, Linkage Global, Hour Loop, GrowGeneration, China Liberal Education, and GameStop, with increases ranging from 12.82% to 22.9%. On the downside, Fisker, Lobo EV Technologies, Faraday Future, Sonder Holdings, JOANN, and Greenlane Holdings experienced declines between 14.24% and 28.2%.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 5:31 pm

GrowGeneration Corp. announced a $6 million stock repurchase program, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 4:06 pm

A new poll by the American Bankers Association (ABA) reveals that 63% of Americans support allowing marijuana businesses access to banking services. This comes as Congress sees a renewed push for the Secure and Fair Enforcement (SAFER) Banking Act, aimed at protecting banks serving state-licensed cannabis businesses from federal penalties. Senate Majority Leader Chuck Schumer and Senate Banking Committee Chairman Sherrod Brown have expressed high priority for passing the SAFER Banking Act, with bipartisan and bicameral talks being described as productive. The bill, which has faced delays due to disagreements over non-cannabis banking regulations, is gaining momentum with efforts to bring it to the Senate floor this year.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 2:18 pm

GrowGeneration Corp. (NASDAQ:GRWG) has announced a share repurchase program authorizing up to $6 million of its outstanding common stock. This move is part of the company's strategy to enhance shareholder value, reflecting confidence in its business and belief that its shares are undervalued. The program starts on April 1 and may last up to a year, with repurchases depending on market conditions and other factors.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:05 pm

Cannabis stocks experienced significant movements on March 22, 2024, with notable gainers including Canopy Growth, Aurora Cannabis, and SNDL, among others. Losers included Belgravia Hartford Cap, Heritage Cannabis Holding, and Elixinol Wellness. The movements reflect the volatile nature of the cannabis market.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 9:30 pm

The cannabis sector experienced mixed movements on March 21, 2024, with several companies showing significant gains while others faced steep declines. Notable gainers included Rocky Mountain High, CLS Holdings USA, and Trulieve Cannabis, with increases of 40.20%, 9.89%, and 7.96% respectively. On the downside, AusCann Group Holdings and Elixinol Wellness saw dramatic drops of 71.63% and 70.75%. The volatility reflects bearish sentiment across the cannabis space.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 9:30 pm

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