Creates a GrowGen Michigan Operation in Excess of $15 Million; 3rd Quarter Revenue is Tracking in Excess of $20 Million
GrowGeneration Corp., the largest chain of specialty retail hydroponic and organic garden centers, with 23 locations, announced that it has purchased the assets of Grand Rapids Hydroponics (GRH), with one location in Grand Rapids, MI. Following the acquisition, GrowGen now has four retail and warehouse locations in the Michigan market.
Grand Rapids Hydro marks GrowGen's seventh acquisition in 2019, adding an accretive $8.0 Million in revenue to the Company. Located strategically in Grand Rapids, GRH adds one of the largest and highest volume hydroponic garden centers in the country.
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