Uptick Newswire recently welcomed Michael Salaman, President of GrowGeneration Corp. (OTCQX:GRWG) (“the Company, GrowGen), as a guest on the “Stock Day” podcast.
GrowGeneration Corp. can best be described as a service and solutions company within the cannabis industry. They provide equipment such as lighting fixtures, nutrients, and pest control to cannabis growers, and offer consultations and other types of intangible services to their clients. Salaman says that their business differs from others because they deviate from the more traditional retail model. GrowGen is a “knowledge-based service provider and solution provider for these large commercial customers.” Rather than just selling their services, GrowGen prioritizes relationship building, and doing what they can to create partnerships with their clientele.
“We really pride ourselves on being the outsourced supply side, purchasing arm for all of these large commercial companies. We make their lives hopefully a little easier, more efficient, and they can focus on what they really want to focus on, which is growing the best product and the highest yield at the lowest cost. We become their partner.”
The company has experienced a very successful first quarter, reporting 4.4 million dollars in revenue. This is an increase of about 1.8 million dollars when compared to their 2017 Q1 report; Salaman is confident that their numbers will continue to rise as the company expands further. The company currently has 20 locations across 6 states in the US, and is looking into other locations as more places across the country legalize recreational cannabis use. “We’re looking all over the US really, where there are great operations with a loyal customer base,” Salaman said about their search for potential acquisitions. GrowGeneration Corp has the ability to pass on their purchasing power to these smaller establishments, facilitating their competitive place in the cannabis market.
Salaman also spoke with host Marcus Heatherly about some changes in management and their plans to move up from the OTC Market to the NASDAQ or New York exchanges. To hear the full interview, click the following link to Uptick Newswire’s website.
About GrowGeneration, Corp.
GrowGeneration (GrowGen) owns and operates specialty retail hydroponic and organic gardening stores. Currently, GrowGen has 14 locations, 9 locations in Colorado , 2 location in California, 1 location in Washington and 2 in Nevada. The company plans to have 20 stores by the end of summer. 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 of the major legalized cannabis states. Management estimates that roughly 1000 hydroponic stores are in operation in the U.S.
Safe Harbor Act
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward looking statements. These forward-looking statements, involve significant risks and uncertainties that could cause actual results to differ materially from the expected results.
GrowGeneration Corp, President
1000 W. Mississippi Ave.
Denver, CO 80223
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