GrowGeneration Corp. (GRWG)

In the past six months, GrowGeneration Corp. has reported its Q1 2025, Q2 2025, and Q3 2025 earnings. In Q1 2025, net sales were $35.7 million, with proprietary brand sales increasing to 32.0% of Cultivation and Gardening net sales. GrowGeneration announced international expansion with a distribution agreement in the European Union and a footprint in Costa Rica for its proprietary brands. In Q2 2025, net revenue was $41 million, with proprietary brand sales increasing to 32% of the Cultivation and Gardening segment revenue. GrowGeneration announced a new partnership with Arett Sales to expand its U.S. distribution network across 32 states for its proprietary cultivation brands. In Q3 2025, net sales were $47.3 million, with proprietary brand sales rising to 31.6% of Cultivation and Gardening net sales. GrowGeneration announced it would exhibit commercial cultivation solutions at the 2025 CEAg World Conference and Expo. Darren Lampert, CEO, sold 56,540 shares of GrowGeneration stock. GrowGeneration launched its new ION 135 Watt Under Canopy LED Light as part of its new product lines across proprietary brands.

GrowGeneration's Q4 2025 outlook mentions "normal seasonality" impacting total consolidated net sales. The company's business in hydroponic and organic gardening supplies suggests that demand could be influenced by planting and growing cycles. The partnership with Arett Sales enables retailers to prepare inventories in anticipation of peak seasonal demand, further indicating a seasonal component to their product sales.

GrowGeneration Corp. is the largest chain of specialty hydroponic and organic garden centers in the United States, serving both commercial and home growers. The company operates within the Consumer Discretionary sector, specifically in the Specialty Retail industry, marketing and distributing a wide array of cultivation supplies and offering design, consulting, and project management services. GrowGeneration's proprietary brands are a key part of its offerings and include Char Coir, Drip Hydro, Power Si, Ion lights, The Harvest Company, and Viagrow. The company also has a "Storage Solutions" segment, operating under the Mobile Media or MMI brand, which provides benching, racking, and storage solutions.

GrowGeneration Corp. operates a network of retail stores and an e-commerce platform across the United States. As of March 2025, it had 60 retail locations across 16 states, including Alaska, California, Colorado, Florida, Maine, Michigan, Missouri, New Jersey, New York, Ohio, Oklahoma, Oregon, Rhode Island, Utah, and Washington. The company has also expanded its international reach, entering into a distribution agreement with V1 Solutions for its proprietary product lines across the European Union and launching its proprietary products in Costa Rica.

GrowGeneration focuses on providing a wide selection, excellent service, and effective solutions to cultivators. The company emphasizes education and community engagement through grower workshops, technical seminars, and partnerships with industry associations to promote sustainable cultivation. GrowGeneration has been actively expanding its portfolio of proprietary brands, which are designed to reduce costs, improve yields, and deliver sustainability. The company's participation in industry events contributes to its brand visibility and reputation within the cultivation community.

GrowGeneration Corp. stock ownership is a mix of institutional shareholders, insiders, and retail investors. Approximately 29.62% of the stock is held by institutional shareholders, including AWM Investment Company, Inc., Vanguard Group Inc, and BlackRock, Inc. Insiders own approximately 25.55% of the company, with Gotham Green Partners LLC being the largest individual shareholder. Retail investors hold approximately 44.83% of the company's stock.