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Cellipont Bioservices, a cell therapy contract development and manufacturing organization, began construction Nov. 10 for its new 76,000-square-foot manufacturing facility in The Woodlands.
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.
GrowGeneration Buys Maine’s Grow Depot
Chris Furnari - Feb 01, 2021 at 03:43 PM
GrowGeneration has struck yet another deal.
The Denver-based company announced Monday plans to expand in Maine via the acquisition of two “Grow Depot” stores located in Auburn and Augusta.
The purchase, GrowGeneration’s second of 2021, brings its total footprint to five locations in Maine and 42 throughout the U.S.
Specific financial details were not disclosed.
In a news release, GrowGeneration CEO Darren Lampert said the company expects to generate more than $20 million in revenue from its Maine operations this year. The company already operates retail stores in Biddeford, Brewer, and York, Maine.