GrowGeneration Acquires Aqua Serene To Expand Footprint In Southern Oregon

by Shivani Kumaresan, Benzinga Staff Writer

July 20, 2021 11:52 AM | 1 min read | Make a Comment

GrowGeneration Corp GRWG has acquired Aqua Serene, a southern Oregon-based hydroponic garden center with stores in Eugene and Ashland, for an undisclosed sum.
Aqua Serene generates revenue of over $14 million annually.
The Aqua Serene’s team of 10 employees will join Grow’s team of over 600 professionals as part of the transaction.
"As the country's fourth-largest legal cannabis market, Oregon continues to be a critical market for GrowGeneration," said CEO Darren Lampert.
Cash and equivalents of the company totaled $133.1 million as of March 31, 2021.
Price action: GRWG shares are trading higher by 2.91% at $39.59 on the last check Tuesday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.