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GrowGeneration Acquires Orange County s 55 Hydroponics, Establishes Foothold in Southern California
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GrowGeneration Acquires Orange County s 55 Hydroponics, Establishes Foothold in Southern California
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DENVER, March 16, 2021 /PRNewswire/ -
GRWG), ( GrowGen or the Company ) the nation s largest chain of specialty hydroponic and organic garden centers, today announced its acquisition of 55 Hydroponics, a hydroponic and organic fertilizer superstore located in Santa Ana, California. Founded in 2010 by Michael Dominguez, 55 Hydroponics is the dominant hydroponics supplier in Orange County, with annual revenues approaching $10 million. The acquisition brings the number of GrowGen locations in California, the country s largest legal cannabis market, to 18, with 9 locations in Southern California. When added to the recently announced leased locations in the Southern California market, GrowGen will operate close to 800,000 square feet of retail and warehouse space across 53 locations nationwide, with 11 of those locations in the important South
, 55 Hydroponics.
The news comes on the heels of GrowGen’s acquisition of
Char Coir, a professional grade growing medium made from 100% coconut fiber.
Santa Ana, California-based 55 Hydroponics was founded in 2010. It touts annual revenues of about $10 million.
With the newest purchase, GrowGen owns and operates 18 stores in the Golden State and a total of 53 locations across the U.S. It is approaching its goal of having 55 garden centers by the end of the year. Southern California continues to be a vital market for GrowGeneration, and we re thrilled to add 55 Hydroponics to our growing number of locations in the region, GrowGen CEO Darren Lampert stated. As the dominant hydroponics retailer in Orange County, 55 Hydroponics boasts a devoted customer base, unmatched cultivation expertise, and a vast inventory of top-notch supplies, all of which will help GrowGen better serve Southern California s growers.