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Why Investors Loved GrowGeneration s Q1 Update
Keith Speights
At one point in early February, shares of
GrowGeneration (NASDAQ: GRWG) were up more than 60% year to date. It s been a wild ride for investors since then, with the stock giving up all of those gains.
However, GrowGeneration could be poised for a rebound. The hydroponics and organic gardening retailer announced its first-quarter results after the market closed Wednesday. The ancillary marijuana stock jumped close to 7% in after-hours trading. Here are the highlights from GrowGeneration s Q1 update.
© Getty Images
A marijuana leaf.
By the numbers
GrowGeneration reported revenue in the first quarter of $90 million, a 173% year-over-year jump. This result blew past the average analysts revenue estimate of $87.14 million. ....

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