GrowGeneration beats FY 2023 revenue at $225.9M; reviews strategic alternatives for MMI

GrowGeneration Corp.

Full year 2023 net revenue $225.9M (beat guidance); net loss $46.5M vs $163.7M prior year.
Q4 2023 net revenue $49.5M (-9% YoY); net loss $27.3M includes $15.7M non-cash impairment.
FY 2024 guidance: revenue $205-215M; Adj. EBITDA -$2M to +$3M.
Exploring strategic alternatives for MMI (Storage Solutions); FY 2023 rev $31.4M, op profit $8.9M.
Cash and no debt: $65.0M; closed/consolidated 17 stores since 2023.

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