fbpx
QQQ
+ 0.48
327.63
+ 0.15%
DIA
-0.36
310.14
-0.12%
SPY
-0.79
385.33
-0.21%
TLT
-0.29
153.96
-0.19%
GLD
-0.43
174.46
-0.25%

GrowGeneration Expands Reach Through GreenLife Acquisition

May 14, 2019 2:55 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
GrowGeneration Expands Reach Through GreenLife Acquisition

GrowGeneration Corp (OTC:GRWG), a chain of specialty retail hydroponic and organic stores, said it has acquired GreenLife Garden Supply, allowing the company to expand its number of locations. 

The terms of the deal were not disclosed. 

Through the acquisition, GrowGeneration added two locations in Maine and one location in New Hampshire. The company now has five retail and warehouse locations in the New England market, according to Tuesday's press release. 

Overall, GrowGeneration said it has 21 locations serving commercial and household customers across the U.S. 

The acquisition of GreenLife Garden Supply represents GrowGeneration's fifth M&A deal so far this year. The company said the addition adds $7 million to its top line. 

Back in February, the company announced the acquisition of certain assets of BWGS, LLC.

Grow Generation OTC shares were up 1.3 percent at $3.11 at the time of publication Tuesday. 

Related Links:

CannTrust Reports 200% Year-Over-Year Growth In Dried Cannabis Sales

Natura Life + Science Finances $91M To Build California Cannabis Campus

Posted-In:

Cannabis News M&A Markets

Related Articles

Earnings Update: Organigram, Grow Generation, KushCo

Organigram Plans To Ramp Up Staff Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) posted financial results for the first quarter of fiscal 2021. read more

GrowGeneration Expands Michigan Footprint Via Big Green Tomato Deal

GrowGeneration Corp. (NASDAQ: GRWG) confirmed the acquisition of Big Green Tomato. The Denver-based hydroponics retail chain, which serves the cannabis companies in the U.S, obtained the two-store chain, which generates approximately $16 million in revenue yearly. read more

GrowGeneration Enters Arizona Cannabis Market Via Hydroponics Depot Deal

GrowGeneration Corp. (NASDAQ: GRWG) is entering the state of Arizona via the acquisition of Phoenix-based Hydroponics Depot. The Denver-based company, a large hydroponics retail chain serving the cannabis industry in the U.S., expands to the Arizona market at an opportune time. read more

GrowGeneration Buys Indoor Garden & Lighting, Expands To Seattle And Tacoma

Hydroponics Innovator GrowGeneration Corp. (NASDAQ: GRWG) has agreed to buy Washington-based Indoor Garden & Lighting. The financial details of the acquistion weren’t released. read more