GRWG stock has been showing very unusual movement this week following GrowGeneration Corp (OTCQX:GRWG) reporting solid revenue growth and profit in its fiscal first quarter.
Revenue Jumps 199%On May 7, GrowGeneration reported year-over-year revenue growth of 199%. The company posted adjusted EBITDA of more than $600,000. During the latest quarter, the company recorded a 43% increase in store sales and managed to reduce operating costs by over 26% and corporate overheard by almost 100%.
For the quarter ended March 31, 2019, the company posted net revenue of $13.1 million, up $8.70 million from ...
Read The Full Article On PotStockNews.com
Get the latest marijuana stock news, cannabis on stock news on PotStockNews
All content provided by Pot Stock News is subject to our Terms Of Use and Disclaimer.