Comparable store sales fell 35.5% year-on-year at the 48 retail locations and e-commerce establishments in the quarter. Outlet sells hydroponics %26 indoor gardening supplies, plus supplements %26 lighting. Currently GrowGen has 58 stores, including 21 locations in California, 8 locations in Colorado, 7 locations in Michigan, 5 locations in Maine, 5 locations in Oklahoma, 2 locations in Nevada, 2 locations in Washington, 4 locations in Oregon, 1 location in Arizona, 1 location in Rhode Island, 1 location in Rhode Island, 1 location in Florida, and 1 Massachusetts site.
How many stores does GrowGeneration have
Currently GrowGen has 50 stores, including 8 locations in Colorado, 17 locations in California, 2 locations in Nevada, 1 location in Arizona, 2 locations in Washington, 6 locations in Michigan, 1 location in Rhode Island, 5 locations in Oklahoma, 2 locations in Oregon, 5 locations in Maine and 1 location in Florida. GrowGen has 62 stores, including 24 locations in California, 8 locations in Colorado, 7 locations in Michigan and the rest across the country. Following the acquisition of competitor HGS Hydro this year, Denver-based GrowGen is expanding on the west coast and opening two new hydroponic garden centers in Los Angeles County, California.
Why is GRWG stock falling
This sharp decline from current growth led to stalled market sentiment and a sell-off, which led to a price slump. In the absence of a major catalyst in this regard, investors seem to be losing interest in cannabis stocks right now. After a swoon in September on the wider market, many cannabis operators noticed that their stock prices were falling. Compare your portfolio performance with leading indices and get personalized stock ideas based on your portfolio.