GRWG - Why I'd Steer Clear of GrowGeneration for Now
Following a September swoon across the broader market, many cannabis operators found their stock prices tumbling. This included GrowGeneration (NASDAQ: GRWG) , an ancillary cannabis company specializing in accessories such as lighting and hydroponics to support cannabis plant growth.
Unfortunately for GrowGeneration, the real tumble started before September, even though its second-quarter results posted on Aug. 12 highlighted numbers that appeared to show promising growth. Two notations made within the second quarter results and comments from analysts have driven the stock further down, making it a risky play until it can show signs of having hit a bottom.
Image source: Getty Images.
For further details see:
Why I'd Steer Clear of GrowGeneration for Now