GrowGeneration Unveils New Product Lines Across Its Proprietary Brands Portfolio
19 November 2024 - 11:30PM
Business Wire
Company to Launch New Product SKU’s by End of
Year in Grow Lighting, Essential Accessories and Medium Categories
for Indoor Growing and Greenhouse Hydroponics
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 the launch of three new premium product
lines across its portfolio of proprietary brands, in product
categories including grow lighting, essential accessories and
medium for indoor growing and greenhouse hydroponics.
In line with GrowGen’s stated objective for proprietary brand
sales to account for 35% of total gardening sales by the end of
2025, over the next two months GrowGen has and will be releasing a
number of exciting new products across its exclusive portfolio.
Starting in November, the Company recently launched its new ION 135
Watt Under Canopy LED Light, designed to help cultivators improve
their harvest quality, increase yields and to grow more
profitably.
Coming in December, GrowGen expects to launch new essential
accessories lines of pest management traps under The Harvest
Company brand, as well as a new line of Char Coir Crush Pots in its
grow medium products category. Combined, these product launches
bring GrowGen’s total proprietary product SKU count to over
220.
Darren Lampert, GrowGen’s Co-Founder and Chief Executive
Officer, said, “As part of our recently introduced profitability
strategy, we are driving higher margin sales growth by launching a
series of new, innovative products in high-demand areas. That way,
we can better meet our customers’ needs and contribute to stronger
margins for GrowGeneration. With our high-performing brands and a
consistent pipeline of exciting new products, we’re on track to
reach our target of proprietary brands comprising 35% of total
sales by the end of 2025.”
The Company’s proprietary-branded products cover all stages of
growing, and include such notable industry brands as Char Coir,
Drip Hydro, Power Si, Ion lights and The Harvest Company.
About GrowGeneration Corp:
GrowGen is a leading developer, marketer, retailer, and
distributor of products for both indoor and outdoor hydroponic and
organic gardening, as well as customized storage solutions. GrowGen
carries and sells thousands of products, such as nutrients,
additives, growing media, lighting, environmental control systems,
and benching and racking, including proprietary brands such as Char
Coir, Drip Hydro, Power Si, Ion lights, The Harvest Company, and
more. Incorporated in Colorado in 2014, GrowGen is the largest
chain of specialty retail hydroponic and organic garden centers in
the United States. The Company also operates an online superstore
for cultivators at growgeneration.com, as well as a wholesale
business for resellers, HRG Distribution, and a benching, racking,
and storage solutions business, Mobile Media or MMI.
To be added to the GrowGeneration email distribution list,
please email GrowGen@kcsa.com with GRWG in the subject line.
Forward Looking Statements:
This press release may include predictions, estimates or other
information that might be considered forward-looking within the
meaning of applicable securities laws. While these forward-looking
statements represent current judgments, they are subject to risks
and uncertainties that could cause actual results to differ
materially. You are cautioned not to place undue reliance on these
forward-looking statements, which reflect opinions only as of the
date of this release. Please keep in mind that the Company does not
have an obligation to revise or publicly release the results of any
revision to these forward-looking statements in light of new
information or future events. When used herein, words such as “look
forward,” “expect,” “believe,” “continue,” “building,” or
variations of such words and similar expressions are intended to
identify forward-looking statements. Factors that could cause
actual results to differ materially from those contemplated in any
forward-looking statements made by us herein are often discussed in
filings made with the United States Securities and Exchange
Commission, available at: www.sec.gov, and on the Company’s
website, at: www.growgeneration.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241119758470/en/
KCSA Strategic Communications Philip Carlson Managing Director
T: 212-896-1233 E: GrowGen@kcsa.com
Growgeneration (NASDAQ:GRWG)
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