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GrowGeneration Expands Michigan Footprint with Downriver Hydro Acquisition

GrowGeneration Expands Michigan Footprint with Downriver Hydro Acquisition
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DENVER, April 20, 2021 /PRNewswire/ -
GRWG), ( GrowGen or the Company ) the nation s largest chain of specialty hydroponic and organic garden centers, today announced its acquisition of Downriver Hydroponics, a Michigan-based indoor garden supply center in Wayne County. Founded in 2011, Downriver Hydro is the area s largest hydroponics store, with annual revenues approaching $10 million. With the acquisition of Downriver Hydro, GrowGen s portfolio of hydroponic garden centers now includes 53 stores across 12 states, with seven of those locations in Michigan.
Michigan s cannabis market is expected to generate $3 billion in revenue over the next three years, making it an ideal place for further investment and expansion, said Darren Lampert, GrowGen s CEO. We continue to look for best-in-class hydroponics stores in mature and emerging markets, and ....

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GrowGeneration Expands in Michigan, Acquires Downriver

GrowGeneration Expands in Michigan, Acquires Downriver
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GrowGeneration Expands In Michigan, Acquires Downriver Hydro

The deal details weren t disclosed.
The indoor garden supply center in Wayne County was founded in 2011. Its annual revenues amount to roughly $10 million.
The move follows GrowGen s purchase of 55 Hydroponics, a Santa Ana, California-based hydroponic and organic fertilizer store, and Aquarius Hydroponics, which is located in New England.
The acquisition of Downriver Hydro brings the operational footprint of the Denver-based company to 53 stores across 12 states.
We continue to look for best-in-class hydroponics stores in mature and emerging markets, and Downriver Hydro has a strong customer base, as well as an experienced and knowledgeable staff, led by owner Scott Brownlie. Darren Lampert, the company s CEO, said Tuesday. ....

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