Profile
Sector:
Consumer CyclicalIndustry:
Specialty RetailCountry:
United StatesIPO:
07 February 2018Website:
http://www.growgeneration.comNext earnings report:
08 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:19:01 GMTDividend
Analysts recommendations
Institutional Ownership
GRWG Latest News
DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, today announced it will release its financial results for the third quarter ended September 30, 2024 on Tuesday, November 12, 2024 after market close. The announcement will be followed by a live earnings conference call at 4:30 p.m. ET. To participate in the call, please dial 1-(888)-.
More cannabis companies are preparing to report earnings, and this could be big for the sector. There has been an increase in people investing in marijuana stocks. The reason is that it is the easiest way to be part of the industry without all the heavy lifting. You do not need to start a company and go into production. The ability for cannabis companies to be publicly traded gives people the opportunity to find top marijuana stocks to buy. The amount of growth and progress that occurred over the last several years is only proving why legal cannabis should have been established long ago.
The cannabis industry has experienced an amazing change in recent years. This includes evolving from an underground market to a legitimate and rapidly growing sector. As legalization spreads across various regions, investors are increasingly attracted to marijuana stocks. However, investing in this budding market comes with its own set of risks. Yet the explosive growth, particularly in the United States and Canada has allowed more people to enter the sector as well learn about it.
Marijuana stocks are caught once again in a downward trend due to more industry hold-ups. In recent news, the DEA who not long ago was on board and on track to reschedule cannabis has now put that action on pause. What a surprise! This is not an unfamiliar occurrence for the cannabis industry, especially during an election year. During this time candidates are focused on winning votes and meeting the needs of those voters.
GrowGeneration (GRWG) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.09 per share a year ago.
Marijuana stocks continue to see a drop in trading. Yet what does this mean for investors? For the last week, the market overall has seen a downward slope due to fears of recession and war. Nevertheless, this could be a time to prepare for the future. Whenever a sector has a pullback in trading this can be a time to pick up shares for low entry points.
The Agriculture - Products industry is set to gain from solid demand. Stocks like Bunge (BG), WestFraser (WFG), GrowGeneration (GRWG) and Hydrofarm (HYFM) are poised to ride on this positive trend.
Finding the best marijuana stocks to buy in today's market takes a proper strategy. With all that is going on in the cannabis sector knowing when to buy or sell becomes the concern. Even if you see your shares rise a bit with how volatile most cannabis stocks can be what if the price goes higher? But what if your shares drop from the price you bought your shares or what if they do not move up or down at all?
GrowGeneration is a NASDAQ-listed stock with good trading volumes, and it is a member of the New Cannabis Ventures Global Cannabis Stock Index. Analysts project declining revenue and negative net income for GrowGeneration in 2024, with an improvement in 2025, but with a low adjusted EBITDA margin. Despite declining revenue, GrowGeneration trades below tangible book value, has a strong balance sheet, and the chart supports potential upside.
DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, today announced that members of management, including Darren Lampert, CEO and Co-Founder, and Michael Salaman, President and Co-Founder, will attend the Benzinga Cannabis Market Spotlight Conference on June 17, 2024, in New Brunswick, New Jersey. Darren Lampert, Chief Executive Office.
What type of business is GrowGeneration?
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. The company engages in the marketing and distribution of nutrients, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor growing products. It operates a chain of stores in California, Colorado, Michigan, Maine, Oklahoma, Oregon, Washington, Montana, New York, Ohio, Mississippi, Missouri, Arizona, Rhode Island, Florida, Massachusetts, Virginia, New Jersey, and New Mexico, as well as growgeneration.com, an online superstore for cultivators, a wholesale business for resellers, HRG Distribution, and benching, racking, and storage solutions and MMI. The company was formerly known as Easylife Corp. GrowGeneration Corp. was founded in 2008 and is based in Greenwood Village, Colorado.
What sector is GrowGeneration in?
GrowGeneration is in the Consumer Cyclical sector
What industry is GrowGeneration in?
GrowGeneration is in the Specialty Retail industry
What country is GrowGeneration from?
GrowGeneration is headquartered in United States
When did GrowGeneration go public?
GrowGeneration initial public offering (IPO) was on 07 February 2018
What is GrowGeneration website?
https://www.growgeneration.com
Is GrowGeneration in the S&P 500?
No, GrowGeneration is not included in the S&P 500 index
Is GrowGeneration in the NASDAQ 100?
No, GrowGeneration is not included in the NASDAQ 100 index
Is GrowGeneration in the Dow Jones?
No, GrowGeneration is not included in the Dow Jones index
When was GrowGeneration the previous earnings report?
No data
When does GrowGeneration earnings report?
The next expected earnings date for GrowGeneration is 08 November 2024