GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the largest chain of specialty hydroponic and organic garden centers with 60 locations across 15 states, today announced the opening of a new hydroponic garden center to serve the emerging Virginia hydroponics market. The new store in Richmond becomes the first in the state and is scheduled to open September 26, 2022.
Additionally, the Company has signed two new leases in Mount Holly, New Jersey and Hazelwood, Missouri. These stores are expected to open in the fourth quarter of 2022 and will expand Company operations into 17 states (including the new location in Virginia announced herein).
Darren Lampert, CEO of GrowGeneration stated, “Our new 9,000 square foot store in Richmond, Virginia is the first of many GrowGen Hydroponic garden centers that will capture the emerging markets across the Southeastern United States. Virginia legislation allows for unlimited medical cultivation licenses and home growing making it an ideal market for GrowGen’s one-stop shop that provides new and existing cultivators seed to harvest solutions, including turnkey facility design, cultivation room design, and on-site project consultation, as well as access to the Company’s successful private label products. Additionally, Virginia is emerging as a prime market to supply indoor controlled environmental agriculture and vertical gardening to food agriculture. This new store continues GrowGen’s tradition of having the largest product selection, best service, and most knowledgeable grow professionals in the industry to deliver solutions for all types of growers, and to become the leading hydroponics retailer in the states where it operates.”
Lampert continued, “Additionally, we are announcing two new store leases in Mount Holly, New Jersey and Hazelwood, Missouri that are the first of many the Company expects to announce to increase our reach in new and emerging markets. These new stores will feature vertical farming demonstrations and educational support for new growers to set up and maintain state-of-the-art grow operations that will help them maximize their investments in vertical farming. In addition to new store leases, we continue to build out our distribution capabilities on a regional basis to deliver our products to new and existing growers efficiently and profitably.”
