GRWG - 3 Reasons to Buy GrowGeneration and 1 Reason to Sell
GrowGeneration 's (NASDAQ: GRWG) latest quarter under the grow lights appeared to have produced a bumper crop of revenue and earnings increases. Nonetheless, investors sold off stock in the Denver-based hydroponics retailer, and it lost more than one-fourth of its value over the next two trading days. While an ongoing challenge could discourage some stockholders, investors still have three compelling reasons to consider this stock.
GrowGeneration provides hydroponics supplies and equipment for the cannabis industry. Although stores such as Home Depot (NYSE: HD) also offer some of these goods, GrowGeneration's specialization allows it to provide a wider array of products compared with a more general retailer.
Grand View Research forecasts the global marijuana market will grow at a compound annual growth rate of 27% through 2028. Such increases have helped fuel the expansion of GrowGeneration, which currently operates only 58 stores.
For further details see:
3 Reasons to Buy GrowGeneration and 1 Reason to Sell