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GRWG - Why GrowGeneration Tumbled More Than 20% in August
GrowGeneration Corp.
GrowGeneration (NASDAQ: GRWG) , which sells hydroponic supplies and equipment for the cannabis industry , saw its stock skyrocket at the beginning of the year. But it's since been slowly dropping, and it lost another 21% last month, according to data from S&P Global Market Intelligence .
GrowGeneration is a cannabis industry supplier, not a grower itself. That makes it more immune to industry ups and downs and gives it more leverage to grow as the industry grows, making it a popular stock to hold.