Joseph Parisi – Warwick
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Grow Depot of Maine, which operates two indoor gardening stores in Auburn and Augusta, has been acquired by the country’s largest chain of hydroponic garden centers.
GrowGeneration Corp. (Nasdaq: GRWG), based in Denver, purchased the business for an undisclosed price. As part of the deal, Grow Depot founder Jim Parisi, co-owner Anthony Parisi and their 10 employees will join GrowGeneration’s team of 450, according to a news release Monday.
With the two new stores, at 245 Center St., Auburn, and 171 Capitol St., Augusta, GrowGeneration now operates five hydroponic garden centers in Maine and a total of 42 branches in 11 states. Hydroponic gardening is a type of plant cultivation without the use of soil and with little need for water.