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GrowGeneration Acquires California Peer The Harvest Company

GrowGeneration Acquires California Peer The Harvest Company Eric Volkman Ever-acquisitive hydroponics retailer GrowGeneration (NASDAQ: GRWG) has announced yet another asset buy. On Tuesday, the company said it is the new owner of The Harvest Company, a small privately held peer based in Northern California. GrowGeneration did not reveal the price nor the key terms of the deal. It did say that all of The Harvest Company s 16 employees will join GrowGeneration. Harvest s founder, Robert Masterson, will remain with the business as an advisor. © Getty Images Marijuana plant in a growing facility. The Harvest Company is situated in the so-called Emerald Triangle, a largely rural region of the state that has long been popular with marijuana growers. With the drug being legal in California, these days the Triangle is the largest cannabis cultivation area in the U.S.

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Why Investors Loved GrowGeneration s Q1 Update

Why Investors Loved GrowGeneration s Q1 Update Keith Speights At one point in early February, shares of GrowGeneration (NASDAQ: GRWG) were up more than 60% year to date. It s been a wild ride for investors since then, with the stock giving up all of those gains. However, GrowGeneration could be poised for a rebound. The hydroponics and organic gardening retailer announced its first-quarter results after the market closed Wednesday. The ancillary marijuana stock jumped close to 7% in after-hours trading. Here are the highlights from GrowGeneration s Q1 update. © Getty Images A marijuana leaf. By the numbers GrowGeneration reported revenue in the first quarter of $90 million, a 173% year-over-year jump. This result blew past the average analysts revenue estimate of $87.14 million.

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April Marijuana Sales in Oregon, Illinois Set New Highs

April Marijuana Sales in Oregon, Illinois Set New Highs Eric Volkman © Provided by The Motley Fool April Marijuana Sales in Oregon, Illinois Set New Highs The pandemic might be fading in the U.S., but Americans are still toking up in record numbers. Two states where recreational marijuana is permitted just published April sales numbers, and the results provided a nice contact high for the cannabis industry. In Oregon, the first state to decriminalize cannabis (before making it fully legal many years later), total weed sales topped $110.5 million in April, setting a new monthly record and exceeding $110 million for the first time. That s saying something in a market that has effectively been open only since 2016.

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4 Marijuana Stocks to Buy on 420 Day That Could Soar 20% or More This Year

4 Marijuana Stocks to Buy on 420 Day That Could Soar 20% or More This Year Keith Speights © Provided by The Motley Fool 4 Marijuana Stocks to Buy on 420 Day That Could Soar 20% or More This Year None of the California students who originally connected 420 with cannabis use had a clue what they were starting. Today, 420 day April 20 is celebrated by many cannabis proponents. And they have more to celebrate this year than ever. New York, New Mexico, and Virginia recently passed legislation to legalize recreational marijuana, bringing the total number of states where pot is or will soon be legal to 17.

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3 Best Cannabis Stocks to Buy Right Now

3 Best Cannabis Stocks to Buy Right Now
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