GrowGeneration Acquires Hydroponics Depot

October 12, 2020

GrowGeneration Corp. acquired Hydroponics Depot, Phoenix’s largest indoor and outdoor garden center, marking GrowGen’s entry into Arizona and expanding its retail footprint to 29 stores across 11 states. The acquisition provides GrowGeneration exposure to Arizona’s growing medical and potential recreational cannabis market; Hydroponics Depot reported year-to-date sales in excess of $5 million and ~50% year-over-year growth.

Buyers
GrowGeneration Corp.
Targets
Hydroponics Depot
Industry
Retail
Location
Arizona, United States
Transaction Type
Buyout

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