GrowGeneration Relocates to New 25,000 Sq. Ft. Super Hydroponic Garden Center in Phoenix, Arizona

0
37
GrowGeneration Relocates to New 25,000 Sq. Ft. Super Hydroponic Garden Center in Phoenix, Arizona
GrowGeneration Relocates to New 25,000 Sq. Ft. Super Hydroponic Garden Center in Phoenix, Arizona

DENVER, Dec. 6, 2021 / PRNewswire / – GrowGeneration Corp. (NASDAQ: GRWG), (“GrowGen” or the “Company”), the nation’s largest chain of specialized hydroponic and organic gardening centers, announced the relocation of its Phoenix, Arizona store today. The new 25,000 m² Super Hydroponic Garden Center is located in the Phoenix Metro area, just minutes from downtown and the airport. GrowGeneration continues to define the next generation of garden centers with the widest choice, the best service and world class grow professionals delivering solutions for all types of growers. By moving and expanding the retail space to over 25,000 square feet, this new hydroponic garden center will be the largest in Arizona. This downtown Phoenix location offers a full line of lights, nutrients, organic and growing supplies where growers can conveniently shop and access the largest selection of hydroponics equipment and supplies in Arizona. In addition, this location will help expand our private label business as a distribution center for our locations in the southwest and west. GrowGeneration is a leader in the development and support of vertical farming and hydroponic cultivation. According to Global Markets Insights, the vertical farming market size exceeded $ 4.51 billion in 2020 and is expected to grow at an annual growth rate of over 23% between 2021 and 2027. The increasing demand for sustainable agro-ecosystems and the increasing demand for food from the growing world population continue to stimulate market growth. Arizona is well on its way to selling well over $ 1 billion in marijuana and collecting more than $ 150 million in taxes this year, according to the Arizona Republic. The pace of sales in Arizona is faster than Colorado, which, like Arizona, had an active medical marijuana program when sales hit the market in 2014. Marijuana sales were more than $ 970 million according to state revenue as of September. “At GrowGeneration, we continue to be committed to providing the Phoenix market with the best hydroponic growing materials of its kind and unrivaled growing expertise for the growing number of growers, from artisanal gardeners to large commercial growers,” said Darren Lampert, CEO of GrowGeneration. For more information about GrowGen or to find its stores, please visit www.growgeneration.com. About GrowGeneration Corp: GrowGeneration owns and operates specialized retail stores in hydroponics and organic horticulture. GrowGeneration currently has 62 stores, including 23 locations in California, 8 locations in Colorado, 7 locations in Michigan, 5 locations in Maine, 5 locations in Oklahoma, 4 locations in Oregon, 3 locations in Washington, 2 locations in Nevada, 1 location in Arizona, 1 location in Rhode Island, 1 location in Florida, 1 location in Massachusetts and 1 location in New Mexico. GrowGeneration also operates an online superstore for growers on growgeneration.com and the B2B e-commerce platform agron.io. GrowGeneration carries and sells thousands of products including organic nutrients and soils, advanced lighting technology, and state-of-the-art hydroponic equipment that can be used both indoors and outdoors by commercial and home growers. Forward-Looking Statements: This press release may contain predictions, estimates, or other information that may be deemed forward-looking within the meaning of applicable securities laws. Although these forward-looking statements represent current estimates, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, as they speak only as of the date of this publication. Please note that the company undertakes no obligation to revise or publicly release the results of any revision of these forward-looking statements to reflect new information or future events. When used herein, words such as “look ahead,” “believe,” “continue,” “build,” or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in any forward-looking statements we make herein are frequently discussed in filings with the United States Securities and Exchange Commission, available at: www.sec.gov, and on the company’s website at: www.growgeneration.com. Investor Contact: John EvansGrowGeneration[email protected]
Connect: Website: www.GrowGeneration.comInstagram: growgen Facebook: GrowGenerationCorp Twitter: @GrowGenCorp Corporate Inquiries: GrowGeneration Corp. 610-216-0057[email protected]
SOURCE GrowGeneration Related Links www.growgeneration.com

[ad_2]