- GrowGeneration, a chain of hydroponic garden centers, more than doubled its revenue growth YoY for the last 3 years consecutively.
- The company maintains an effective acquisitions strategy to grow its amount of garden centers quickly.
- Furthermore, investments in its e-commerce platform and the acquisition of Agron.io increase its e-commerce footprint, services revenue, and commercial customers.
- GrowGeneration's revenue growth is multiple times higher than its competitors but comes at the cost of a pricier valuation.
- I am bullish on GrowGeneration as I am confident in the company continuing its high growth, compensating well for the higher valuation.
For further details see:
GrowGeneration: Doesn't Only Help Grow Plants, But Your Potential Returns Too