GrowGen continues rapid growth with new acquisition and a spot on the Russell 3000

GrowGeneration, the largest chain of stand-alone specialty hydroponic and organic garden centers, currently with 27 locations, announced on June 17 announce that it has purchased the assets of H2O Hydroponics, the largest hydroponic garden center in Lansing, MI, with 2019 sales of approximately $4.0 million.

GrowGen will consolidate its current West Lansing location with H2O and relocate into a newly built 15,000 square foot super hydroponic garden center that is expected to generate over $7 million in sales.

Click here for the full Yahoo! Finance release.

Also, on June 5, GrowGen was added to the Russell 3000, the market-capitalization-weighted equity index maintained by FTSE Russell providing exposure to the entire U.S. stock market. The index tracks the performance of the 3,000 largest U.S.-traded stocks which represent about 98% of all U.S incorporated equity securities.