GrowGeneration Corp.

GrowGeneration Corp. announced its membership in the U.S. Cannabis Roundtable (USCR), a leading policy organization focused on cannabis regulation. CEO Darren Lampert will represent the company, aiming to advocate for responsible regulation, financial access, and industry standardization. GrowGeneration believes this move will benefit its customers through potential 280E tax relief following the reclassification of medical cannabis to Schedule III, leading to increased investment in cultivation infrastructure.

GrowGeneration Corp. held its 2026 Annual Meeting of Shareholders on June 18, 2026. Shareholders elected five directors to the Board, approved the compensation of named executive officers on an advisory basis, and approved an amendment to the 2018 Equity Incentive Plan. Additionally, the appointment of BDO USA, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2026, was approved. A total of 55.03% of the company's outstanding shares were present at the meeting.

GrowGeneration Corp. reported improved financial results for the first quarter of 2026, with net sales increasing to $38.39 million and net loss significantly narrowing to $4.92 million, or $(0.08) per share. Both the Cultivation and Gardening and Storage Solutions segments contributed to the sales growth. The company's Board also authorized a $10.0 million share repurchase program, signaling confidence in future value, despite a decrease in cash and cash equivalents and increased cash used in operating activities.

GrowGeneration Corp. reported its first quarter 2026 financial results, showing a 7.5% year-over-year increase in net sales to $38.4 million. The company significantly improved its net loss by $4.5 million to $4.9 million and its Adjusted EBITDA loss by $2.4 million to $1.6 million, reflecting benefits from cost actions. Proprietary brand penetration grew to 37.0% of Cultivation and Gardening revenue, and the company reaffirmed its full-year 2026 guidance for revenue between $162 million and $168 million, expecting approximately breakeven Adjusted EBITDA.

GrowGeneration Corp. announced its 2026 Annual Meeting of Shareholders for June 18, 2026, where shareholders will vote on electing five directors, an advisory vote on executive compensation, and ratifying the amended 2018 Equity Incentive Plan and the appointment of BDO USA, P.C. as auditor. The company also authorized a $10 million share repurchase plan and successfully remediated all material weaknesses in internal control over financial reporting, receiving a clean Section 404(a) opinion for fiscal year 2025. Additionally, GRWG strengthened its corporate governance with updated share ownership guidelines and an expanded executive clawback policy.