Speciality Retail Hydroponic and Organic Gardening Company Increases 2018 Revenue Guidance to Over $30 Million.
GrowGeneration, with currently 14 locations serving both commercial and home growers, announced January 12 that it has completed an offering of $9.0 million in convertible notes led by Merida Capital Partners, which increased its investment by an additional $2,000,000 of new capital in the Company. Navy Capital also participated in this round of financing. The oversubscribed convertible notes had a $3.00 per share convertible price, with each $250,000 noteholder receiving 37,500 warrants to purchase the Company’s common stock. For more, click here or the headline above.