other material
confidence high
sentiment positive
materiality 0.35
GrowGeneration acquires Michigan hydroponic store Mighty Grow; now 61 stores in 17 states
GrowGeneration Corp.
- Acquired inventory and equipment from Mighty Grow in Jackson, MI, and took over the existing store location at 2418 W. Michigan Ave.
- This is GrowGen's 8th Michigan location, bringing total store count to 61 across 17 U.S. states.
- Mighty Grow had served the Jackson market for over 10 years; terms of the transaction were not disclosed.
- CEO Darren Lampert said the deal supports GrowGen's commitment to service and product selection.