DENVER, Feb. 18, 2020 /PRNewswire/ - GrowGeneration
Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the largest
chain of specialty retail hydroponic and organic garden centers,
with currently 26 locations, is pleased to announce today that
it has been added to The Cannabis ETF (NYSE: THCX) ("THCX"), which
trades on the New York Stock Exchange.
CEO Comments:
"GrowGeneration's inclusion in The Cannabis ETF is another major
corporate milestone and reflects the significant progress we have
made growing our business. This milestone will provide the company
with a new opportunity to broaden our reach and increase our
profile among investors in the U.S. who are looking for the value
our company provides, particularly as we continue to execute our
plan." – Darren Lampert, CEO.
The Cannabis ETF – THCX:
The Cannabis ETF (THCX) is an ETF that provides investors with a
liquid and diversified vehicle to gain access to the explosive
growth of the legal cannabis market. THCX tracks the Innovation
Labs Cannabis Index, which is a modified market
capitalization-weighted index, with a portfolio of 33 stocks that
are expected to benefit from growth of the legal marijuana, CBD and
hemp industries. The index rebalances on a monthly basis.
About
GrowGeneration Corp.:
GrowGen owns and operates specialty retail hydroponic and
organic gardening stores. Currently, GrowGen has 26 stores, which
include 5 locations in Colorado, 5
locations in California, 2
locations in Nevada, 1 location in
Washington, 4 locations in
Michigan, 1 location in
Rhode Island, 4 locations in
Oklahoma,1 location in Oregon and
3 locations in Maine. GrowGen also
operates an online superstore for cultivators, located at
HeavyGardens.com. GrowGen carries and sells thousands of products,
including organic nutrients and soils, advanced lighting technology
and state of the art hydroponic equipment to be used indoors and
outdoors by commercial and home growers. Our mission is to own and
operate GrowGeneration branded stores in all the major states in
the U.S. and Canada. Management
estimates that roughly 1,000 hydroponic stores are in operation in
the U.S. By 2020 the market is estimated to reach over $23 billion with a compound annual growth.
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 our 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 our opinions only as of
the date of this release. Please keep in mind that we are not
obligating ourselves 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," "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 we make
with the United States Securities and Exchange Commission,
available at: www.sec.gov, and on our website, at:
www.growgeneration.com.
Connect:
- Website: www.GrowGeneration.com
- Facebook: GrowGenerationCorp
- Twitter: @GrowGenOK
- Instagram: growgen
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SOURCE GrowGeneration
