- GrowGeneration continues to target cannabis growers with asset acquisition
- U.S. cannabis market projected to reach $23 billion by 2020
- GrowGeneration now operates from 21 locations in eight states
- Plans in place to open additional locations in California, Michigan, Missouri, Nebraska, New Jersey, Oklahoma, Oregon and Pennsylvania
With its acquisition of certain assets of BWGS, LLC (“BWGS”), a large domestic wholesaler of indoor, hydroponic, and organic horticultural supplies, GrowGeneration Corp. (OTCQX: GRWG) advances its “roll-up” consolidation strategy in the national hydroponic grow supply industry. GrowGeneration, one of the largest chains of specialty hydroponic and organic garden centers, with 21 locations serving both commercial and home growers, recently announced that it had purchased certain assets of BWGS, including inventory and branded products (http://nnw.fm/4TBjS). GrowGeneration maintains its robust track record of acquisition and its position as the largest B2B seller of specialty hydroponic supplies in the nation.
In a news release, GrowGeneration CEO Darren Lampert stated, “This transaction bolsters our ability to supply branded ‘house’ products to our customers. From trellis netting, to plastic pots, to organic nutrients, GrowGeneration will now have a…
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