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GrowGeneration Reports Record Q1 2019 Revenues and Net Income

GrowGeneration, one of the largest chains of specialty hydroponic and organic garden centers, reported financial results for its quarter ended March 31, 2019. GrowGen, one of the first Merida portfolio companies, reported record revenues (+199%) and net income, with same store sales up over 42% year over year, and margins increasing, and a profitable quarter with all signs that the company is finally hitting scale in their core operation. 


GrowGen also upped its revenue projection for 2019 to a range of $60-$65MM.

 

Read the full Yahoo! Finance release here.

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