GrowGeneration Corp., a Denver-based cannabis grow-supply firm, has acquired Char Coir, a company that makes coconut-fiber growing substrate.

Terms of the acquisition were not disclosed but GrowGeneration said it anticipated $15 million a year in revenue from sales of the new product.

The grow-supply company is looking to add products to its private-label offerings, according to GrowGeneration CEO Darren Lampert.

GrowGeneration operates 50 grow-supply stores in 12 states and trades on the Nasdaq as GRWG.



Source link

Medical Disclaimer:

The information provided in these blog posts is intended for general informational and educational purposes only. It is not a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of your physician or other qualified healthcare provider with any questions you may have regarding a medical condition. The use of any information provided in these blog posts is solely at your own risk. The authors and the website do not recommend or endorse any specific products, treatments, or procedures mentioned. Reliance on any information in these blog posts is solely at your own discretion.

0 Shares:
Leave a Reply
You May Also Like