Denver’s GrowGeneration Corp., a specialty retail hydroponic and organic garden centers chain, has acquired the assets of Grand Rapids Hydroponics. Following the acquisition, GrowGen will have four retail and warehouse locations in Michigan. Financial terms of the deal were not disclosed.
Two Michigan locations are in Lansing, and one is in Livonia.
“Grand Rapids Hydro marks our seventh acquisition in 2019, adding an accretive $8 million in revenue to our company,” says Darren Lampert, co-founder and CEO. “GRH, strategically located in Grand Rapids adds one of the largest and highest volume hydroponic garden centers in the country.
“Further, this acquisition positions the company to service the ever-growing Michigan market. GRH has a seasoned team, and we are excited that the founder, Christopher Nicholson, will be continuing in an executive sales and business development role for GrowGen.”
GrowGen has 24 stores across Colorado, California, Nevada, Washington, Michigan, Rhode Island, Oklahoma, Main, and New Hampshire, as well as an online store. Its products include organic nutrients and soils, lighting technology, and hydroponic equipment for use indoors and outdoors by commercial and home growers.
The company’s goal is to own and operate GrowGen branded stores in all the legalized cannabis states in the U.S. and Canada.