---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-021774"
form_type: "8-K"
ticker: "GRWG"
cik: "0001604868"
company_name: "GrowGeneration Corp."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T10:20:01.587554+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GrowGeneration Q1 net loss widens to $8.8M; sales down 15.7% YoY, at top end of guidance

## Summary
- Net loss of $8.8M ($0.14/diluted share) vs $6.1M loss in Q1 2023; Adjusted EBITDA loss of $2.9M vs $1.8M loss.
- Net sales $47.9M, down 15.7% YoY due to store consolidations and price compression; same-store sales -1% but retail positive.
- Gross margin 25.8%, down 290 bps YoY; proprietary brand sales hit record 23% of cultivation sales vs 18% last year.
- Cash and equivalents $61.3M, no debt; reiterated FY2024 revenue guidance $205-215M, Adjusted EBITDA -$2M to +$3M.
- Consolidated 4 retail stores in Q1, now at 46 locations; may consider further consolidations.

## SEC filing metadata
- accession: 0001628280-24-021774
- form_type: 8-K
- ticker: GRWG
- cik: 0001604868
- company_name: GrowGeneration Corp.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604868/000162828024021774/0001628280-24-021774-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604868/000162828024021774/grwg-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021774
- JSON: https://secwatch.observer/filing/0001628280-24-021774.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021774.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.