GRWG - GrowGeneration Reports Revenue Increase Of 111% YoY For Q3 2021

• GrowGeneration reported $116M in revenue, a 111% increase from last year’s quarter, but down from Q2-2021 ($125M).
• The company operates 62 hydroponics retail outlets with coverage in 13 states and a robust e-commerce site.
• The company reported gross profit of $34M and net income of $4M, both slightly down from the previous quarter.
• The company’s stock price has been on a downtrend since July, although it still experiences weekly rallies.
• I rate the company as neutral for now and recommend that investors continue to watch the company.

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