{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-032545","form_type":"8-K","ticker":"GRWG","cik":"0001604868","company_name":"GrowGeneration Corp.","filed_at":"2024-07-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.742789+00:00","generated_at":"2026-05-31T18:06:25.893117+00:00","sec_items":["2.02","2.05","7.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"GrowGeneration Q2 prelim revenue >$53M, up 10.6% sequentially; plans 19 store closures, $12M annual savings","bullets":["Q2 2024 preliminary net revenue expected over $53M, a sequential increase of at least 10.6% vs $47.9M in Q1.","Restructuring plan to close 19 underperforming stores (7 already closed in H1 2024); 31 stores will remain.","Expects ~$12 million in annualized cost savings from closures, workforce reductions, and operational improvements.","Targeting proprietary brands to account for 35% of total sales by end of 2025; adding ~50 new products.","B2B e-commerce portal launch planned for Q4 2024; restructuring substantially complete by end of FY 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-032545","json":"https://secwatch.observer/filing/0001628280-24-032545.json","markdown":"https://secwatch.observer/filing/0001628280-24-032545.md","text":"https://secwatch.observer/filing/0001628280-24-032545.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604868/000162828024032545/0001628280-24-032545-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604868/000162828024032545/grwg-20240722.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T18:06:25.893117+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"be4487fbfcb3c58c4c5a3d97016a4820738f3ff2","claim":"GrowGeneration Corp. announced a restructuring affecting Gardening and Cultivation segment (proprietary brands, commercial sales, e-commerce).","evidence_excerpt":"On July 22, 2024 , the Company announced a strategic restructuring plan focused on long-term profitability and advancing growth initiatives in key areas of its Gardening and Cultivation segment such as its proprietary brands, commercial sales, and e-commerce business.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604868/000162828024032545/0001628280-24-032545-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Affected area","value":"Gardening and Cultivation segment (proprietary brands, commercial sales, e-commerce)"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}