GrowGeneration Corp., the largest chain of specialty retail hydroponic and organic garden centers, with currently 25 locations, is pleased to announce that its common shares have been approved for listing on the Nasdaq Capital Market ("NASDAQ"). GrowGeneration Corp. common shares will begin trading on Nasdaq on December 2, 2019 under the trading ticker symbol "GRWG."
As of next Monday, GrowGen will become the first US cannabis related company to complete the transition from the OTC to a listed company, when it makes its debut on the Nasdaq. While there are two other US companies that trade on Nasdaq, one was a SPAC and the other directly listed on Nasdaq.
"Over the past four years, many companies have tried to complete such a transition," said Merida Capital Partners Managing Partner Mitch Baruchowitz, "and it is incredible that a company in which the combined Merida entities are the largest investor, at more than 13%, was the first successful company to do so."