- GrowGeneration Corp GRWG has acquired Aqua Serene, a southern Oregon-based hydroponic garden center with stores in Eugene and Ashland, for an undisclosed sum.
- Aqua Serene generates revenue of over $14 million annually.
- The Aqua Serene’s team of 10 employees will join Grow’s team of over 600 professionals as part of the transaction.
- "As the country's fourth-largest legal cannabis market, Oregon continues to be a critical market for GrowGeneration," said CEO Darren Lampert.
- Cash and equivalents of the company totaled $133.1 million as of March 31, 2021.
- Price action: GRWG shares are trading higher by 2.91% at $39.59 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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