Grow Generation Corp. GRWGThe biggest The chain of hydroponic and organic garden centers in the USA has acquired Southside Garden Supply in Alaska.

“As part of the transaction, GrowGen acquired both existing store locations at 2809 Artic Boulevard, Anchorage, Alaska and 449 West Parks Highway, Wasilla, Alaska.” Per a publication.

This move marks GrowGen’s expansion into its 18th state and second new state this year Darren Lampert, co-founder and CEO of GrowGen. “This transaction is part of our key initiative to continue making whitespace acquisitions and to strategically invest our capital for future growth.”

The acquisition strengthens GrowGen’s retail presence and commitment to providing quality products and exceptional service.

Southside Garden SupplyThe company’s reputation for quality offerings and customer experiences aligns with GrowGen’s strategy. “GrowGen remains committed to providing high quality products and having the widest product selection, best service and most knowledgeable grow experts in the industry. “This transaction supports those commitments and expands our overall portfolio of stores to best serve both our commercial and home-grown customers,” added Lampert.

The move underscores GrowGen’s focus on strategic acquisitions and capital investments for future growth. With 63 stores across the country, GrowGen is solidifying its position as an industry leader.

Recently, GrowGeneration announced its financial results for the first quarter ended March 31, with revenues of $56.8 million.

Price promotion: As of Tuesday afternoon, GRWG shares were trading at $3.93 per share, up 2.61%.

picture of Alexis Mette At Unsplash