California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + San Diego  + Retail  | 

GrowGen Acquires San Diego Hydroponics

GrowGeneration Corp., a chain of specialty hydroponic and organic garden centers, recently acquired San Diego Hydroponics & Organics, a four-store chain of organic, hydroponic and aquaponics garden centers in San Diego. San Diego Hydroponics & Organics has annual revenues approaching $10 million.

This acquisition brings the total number of GrowGen hydroponic garden centers to 50 stores. GrowGen now has 17 California stores, with eight of those stores located in Southern California, a priority market for GrowGeneration.

The San Diego Hydroponics & Organics acquisition is GrowGen’s fourth this year and follows yet another quarter of record earnings. Just last month, the company pre-announced fourth-quarter revenues of $61.5 million, bringing full-year 2020 revenue to $192 million, up 140 percent from 2019. Same-store sales increased 63 percent for full-year 2020, compared to the previous year. GrowGen plans to have 55 garden center locations by the end of 2021.

Connect

Inside The Story

Learn More

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Acquisition
Chase-08-cube
Colliers-58-cube
Chase-08-cube