GrowGeneration Moves Store To Arizona To Become The State’s Largest Hydroponic Garden Center
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GrowGeneration Corp. (NASDAQ: GRWG) confirmed relocating its store from Phoenix, Arizona Tuesday. New 25,000 Square Foot Super Hydroponic Garden Center in Metro Phoenix, a few minutes from downtown and the airport.
As the largest chain of specialized hydroponic and organic garden centers, GrowGeneration pointed out that this new hydroponic garden center will be the largest in Arizona.
Located in downtown Phoenix, the The center offers a comprehensive offering of lights, nutrients, organics and growing supplies where growers can easily purchase and access the largest selection of hydroponic equipment and supplies in Grand Canyon State. This location will also help develop the company’s private label activities as a distribution center in the southwest and western regions of the country. GrowGeneration is located in Denver, Colorado.
“At GrowGeneration, we continue to be committed to providing the Phoenix Market with the best hydroponics products as well as unmatched cultivation expertise for the growing number of growers, from home gardeners to large-scale commercial growers. Darren Lampert, said the CEO of GrowGeneration.
According to Global Markets Insights, the vertical agriculture market size topped $ 4.51 billion in 2020 and is expected to grow at a CAGR of over 23% between 2021 and 2027. Rapid Developments in Precision Agriculture Technologies , the advantages of vertical agriculture over conventional agriculture, The increasing demand for sustainable agricultural ecosystems and the increasing demand for food propelled by the increase in the world population continue to drive the market growth.
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Price action
The actions of Grow Generation were trading 2.41% higher at $ 15.73 per share at time of writing Tuesday morning.
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