GrowGeneration rises on Oregon expansion

GrowGeneration

20/07/2021 17:23

** Shares in farm supplies seller  GRWG.O  up 2.2% at $39.31
    ** GRWG says it has bought Aqua Serene, a hydroponic garden
center with stores in Eugene and Ashland, Oregon  urn:newsml:reuters.com:*:nPn8VWrh7a
    ** Aqua Serene records revenue of over $14 mln annually
    ** GRWG's revenue rose 143% to $193 mln for 2020
 urn:newsml:reuters.com:*:nPn3S51zya
    ** Deal takes GRWG's store count to 57 stores, with four in
Oregon
    ** As country's fourth largest legal cannabis market, Oregon
continues to be critical - CEO Darren Lampert
    ** GRWG has been on an acquisition spree in recent months,
buying smaller peers across the country  urn:newsml:reuters.com:*:nL4N2K73XA
 urn:newsml:reuters.com:*:nL3N2NC3AT
    ** Shares down about 3% this year

 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))