Highest-materiality recent filing
GrowGeneration shareholders re-elect five directors and approve equity plan increase
All five director nominees elected; Darren Lampert received 14.6M for, 1.5M withheld.
GrowGeneration Q1 revenue rises 7.5% to $38.4M; reaffirms 2026 outlook
Net sales $38.4M, up 7.5% YoY; net loss narrows to $4.9M from $9.4M.
GrowGeneration reports FY2025 net sales $161.7M, net loss $24M; guides to breakeven EBITDA in 2026
Full year 2025 net sales $161.7M (down from $188.9M); GAAP net loss $24.0M vs $49.5M prior year.
GrowGeneration signs new one-year CFO contract with Sanders; $450k base salary, 80k RSUs
New employment agreement with CFO Gregory Sanders effective Jan 1, 2026, for a one-year term.
GrowGeneration Q3 net loss improves to $2.4M; Adjusted EBITDA positive at $1.3M
Net sales of $47.3M, up 15.4% sequentially; adjusted EBITDA turned positive at $1.3M from -$2.4M YoY.
GrowGeneration Q2 net sales $41.0M, up 14.7% sequentially; net loss narrows to $4.8M
Net sales $41.0M (+14.7% qoq) vs $53.5M YoY; net loss $4.8M vs $5.9M YoY.
GrowGeneration dismisses Grant Thornton, appoints BDO USA as new auditor effective July 10, 2025
Dismissed Grant Thornton as independent auditor effective July 10, 2025; appointment of BDO USA approved by Audit Committee.
GrowGeneration Annual Meeting elects directors, approves say-on-pay and auditor
62.78% of outstanding shares were present; all five director nominees were elected, with Darren Lampert receiving 18,426,649 for and 3,148,172 withheld.
GrowGeneration acquires Viagrow for cash and stock; expands into big box retail and home gardening
Viagrow has $3M annual revenue; purchase consideration is cash and stock.
GrowGeneration Q1 net sales $35.7M, net loss $9.4M; guides Q2 >$40M, withdraws FY outlook
Net sales $35.7M down 25% YoY; net loss $9.4M vs $8.8M loss; adjusted EBITDA loss $4.0M.
GrowGeneration reports FY 2024 net sales $188.9M, net loss $49.5M; guides FY 2025 rev $170-180M
FY 2024 net sales $188.9M, down from $225.9M; net loss $49.5M vs $46.5M in prior year.
GrowGeneration prelim 2024 net sales $188-190M, proprietary brands 30% of rev, cash >$56M, debt-free
Preliminary FY2024 net sales $188-190M; proprietary brand sales $39-40M (over 30% of cultivation rev).
GrowGeneration Q3 net sales fall 10% to $50M; same-store sales rise 12.5%, net loss widens to $11.4M
Net sales fell 10.2% YoY to $50.0M driven by 25 fewer stores; same-store sales grew 12.5%.
GrowGeneration enters new 2-year employment agreements with CEO and President
CEO Darren Lampert and President Michael Salaman each get $500,000 annual base salary.
Q2 2024 net revenue $53.5M, down 16.3% YoY; gross margin 26.9% up 110bps sequentially.
GrowGeneration schedules Q2 2024 earnings release for August 8 after market close
Q2 2024 earnings to be released on August 8, 2024 after market close.
Q2 2024 preliminary net revenue expected over $53M, a sequential increase of at least 10.6% vs $47.9M in Q1.
Five directors elected: Darren Lampert, Michael Salaman, Eula Adams, Stephen Aiello, Star Carter; Aiello had 8.4M withheld.
GrowGeneration Q1 net loss widens to $8.8M; sales down 15.7% YoY, at top end of guidance
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.
GrowGeneration board: Paul Ciasullo retires, Star Carter appointed as independent director
Paul Ciasullo resigned from Board effective April 23, 2024; no disagreement cited.
GrowGeneration schedules Q1 2024 earnings release for May 8 after market close
Earnings release for Q1 2024 due May 8, 2024 after market close.
GrowGeneration authorizes $6M share repurchase program, first in company history
Board authorized repurchase of up to $6M of common stock; program starts April 1 for one year.
GrowGeneration reports 2023 net revenue $225.9M, beats guidance; reviews MMI sale
Full year 2023 net revenue $225.9M (down 18.8% YoY), beating guidance; net loss $46.5M ($0.76/share) vs $163.7M prior year.
GrowGeneration beats FY 2023 revenue at $225.9M; reviews strategic alternatives for MMI
Full year 2023 net revenue $225.9M (beat guidance); net loss $46.5M vs $163.7M prior year.
GrowGeneration expects FY2023 revenue at top-end of $220M-$225M range; EBITDA loss unchanged $4M-$6M
Revenue for full-year 2023 expected at top-end of previously guided $220M to $225M range.
GrowGeneration Q3 net sales $55.7M, net loss $7.3M; reaffirms FY2023 guidance
Net sales of $55.7M, down 21.4% YoY; comparable store sales declined 14.4%.
GrowGeneration schedules Q3 2023 earnings release and call for Nov 8, 2023
Q3 2023 results to be released after market close on November 8, 2023.
GrowGeneration Q2 revenue $63.9M (+12% QoQ), net loss $5.7M, lowers FY guidance
Net revenue $63.9M, up 12% sequentially; comparable store sales down 15.1% YoY.
GrowGeneration shareholders reject equity plan share increase from 5M to 8M
Proposal to increase equity plan shares from 5M to 8M failed: 6.45M for, 17.34M against.
GrowGeneration enters new employment agreement with CFO Gregory Sanders
Base salary of $325,000 with automatic 10% annual increases each August 16.
CEO Darren Lampert and President Michael Salaman each receive corrected grants of 200,000 RSUs (up from 100,000).
GrowGeneration acquires two Alaska garden stores, enters 18th state
Acquired Southside Garden Supply, Alaska's largest indoor/outdoor garden center.
GrowGeneration Q1 revenue $56.8M, net loss $6.1M; maintains FY2023 guidance
Net revenue $56.8M, down 30.5% YoY but sequential improvement from prior quarter.
GrowGeneration schedules Q1 2023 earnings release for May 9 after market close
Q1 2023 earnings release scheduled for May 9, 2023 after market close.
GrowGeneration acquires Michigan hydroponic store Mighty Grow; now 61 stores in 17 states
Acquired inventory and equipment from Mighty Grow in Jackson, MI, and took over the existing store location at 2418 W. Michigan Ave.
GrowGeneration acquires Community Garden & Greenhouse in Bozeman, MT, expanding to 17th state
Acquired inventory and equipment from Community Garden & Greenhouse, a Bozeman hydroponic center.
GrowGeneration reports full year 2022 net loss of $163.7M, revenue down 34.2%
Full year net revenue $278.2M, down 34.2% from $422.5M; net loss $163.7M vs prior year income $12.8M.
GrowGeneration schedules Q4 and FY 2022 earnings release for March 15, 2023
Earnings release after market close on March 15, 2023; conference call at 4:30 p.m. EST.
GrowGeneration hires Clifton Tomasini as VP of Operations
Tomasini will oversee all operations and drive profitability, reporting to Co-Founder & President Michael Salaman.
GrowGeneration Q3 net sales $70.9M, same-store sales down 58%; raises FY guidance
Net sales $70.9M, down 39% YoY; comparable store sales down 58.1%.
GrowGeneration enters new employment agreements with CEO and President effective Jan 1, 2023
CEO Darren Lampert and President Michael Salaman each sign new 2-year employment agreements starting Jan 1, 2023.
GrowGeneration appoints Gregory Sanders as CFO; ex-CFO Lasher receives $253K severance
CFO Jeff Lasher resigned effective Aug 12, 2022; receives $253,513 cash severance over 6 months plus 30,000 shares.
GrowGeneration Q2 net loss $136.4M; cuts 2022 revenue guidance to $250-275M
Net sales fell 44% to $71.1M; comparable-store sales down 56.9%.
GrowGeneration shareholders elect all five director nominees, ratify Grant Thornton as auditor
Directors elected: Darren Lampert, Michael Salaman, Eula Adams, Stephen Aiello, Paul Ciasullo (vote tallies provided).
GrowGeneration opens 64th store in MS, signs VA and MO leases to reach 16 states
New Jackson, MS store opens June 27, 2022; first in Mississippi, 64th store nationwide.
GrowGeneration loses Chief Supply Chain Officer and Chief Merchandise Officer in three days
Dennis Sheldon resigned as Chief Supply Chain & Technology Officer, effective June 7, 2022.
GrowGeneration launches Drip Hydro liquid fertilizer line in select stores
Debuts five-part liquid nutrient line Drip Hydro in select GrowGeneration stores.
GrowGeneration Q1 net loss $5.2M, comp sales -35.5%; slashes FY2022 guidance
Net sales $81.8M (-9.2% YoY); comparable store sales -35.5%; net loss $5.2M vs net income $6.1M.
Director Sean Stiefel to not stand for re-election at GrowGeneration 2022 annual meeting
Sean Stiefel will not stand for re-election as director; his term expires at the 2022 annual meeting.
GrowGeneration dismisses Plante & Moran, appoints Grant Thornton as auditor
Plante & Moran dismissed as independent auditor effective March 28, 2022.
Paul Ciasullo, a member of the Board of Directors of GrowGeneration Corp. (the “Company”), notified the Company of his retirement and resignation from the Company’s Board of Directors (the “Board”), effective April 23, 2024.
To fill the vacancy created by Mr. Ciasullo’s retirement, Starlett (Star) Carter has been appointed to the Board, effective April 25, 2024.
Effective August 12, 2022, Jeffrey Lasher, Chief Financial Officer of GrowGeneration Corp. (the “Company”), resigned as Chief Financial Officer, and, effective August 12, 2022, Gregory Sanders has been appointed Chief Financial Officer of the Company.
Gregory Sanders has been appointed Chief Financial Officer of the Company.
On June 9, 2022, Paul Rutenis resigned from his role as Chief Merchandise Officer of the Company, effective immediately.
On June 7, 2022, Dennis Sheldon resigned from his role as Chief Supply Chain & Technology Officer of GrowGeneration Corp. (the “Company”), effective immediately.
On April 4, 2022, Sean Stiefel, a member of the Board of Directors of GrowGeneration Corp. (the “Company”), notified the Company that he will not stand for re-election as a director of the Company at the end of his current term, which expires at the Company’s 2022 annual meeting of shareholders.
On December 13, 2021, Tony Sullivan tendered to GrowGeneration Corp. (the “Company”) the resignation from his role as Executive Vice President and Chief Operating Officer of the Company, effective immediately.
Max materiality 0.85 · Median 0.55 · Most common event earnings