GrowGeneration Acquires Horticultural Rep Group For Undisclosed Sum

GrowGeneration Corp GRWG has acquired Horticultural Rep Group (HRG) for an undisclosed sum.
HRG is a specialty marketing and sales organization of horticultural products based in Ogden, Utah.
"With this acquisition, GrowGen is strengthening its global product supply chain and adding significant distribution of its growing list of private label products," said Michael Salaman, President, and co-founder of GrowGen.
HRG generated estimated revenue of $10 million in 2021 from sales agent commissions and distribution activity.
GrowGen has appointed Keith Harrington, Founder, and President of HRG, as its Senior Vice President of Business Development.
Price Action: GRWG shares traded lower by 0.54% at $7.30 in premarket on the last check Monday.

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