Nuffoods Spectrum India

GrowGeneration buys assets of Reno Hydroponics

12 February 2019 | News

Reno Hydroponics has been operating for over 10 years

GrowGeneration Corp.,the largest specialty hydroponic and organic gardening chain of stores, selling to both the commercial and home cannabis markets, with currently 22 locations, has announced it has acquired the assets of Reno Hydroponics. As an established leader in their market, Reno Hydroponics has been operating for over 10 years. The Reno store will be GrowGeneration's 23rd location and its 2nd in Nevada.

Darren Lampert, Co-Founder and CEO, said, "Reno becomes GrowGen's 2nd location in Nevada and the company's 23rdstore. As a recreational legal market, Reno is a prime area for GrowGen, with an increasing number of dispensaries and cultivators.  We continue to enter markets, where the cultivation laws are conducive to growing, and where GrowGen can strategically locate its operations, in areas where there are a high concentration of growers. Our growth plan is working"

Reno Market Overview:

  • There are roughly 50 Legal Cannabis Establishments within 100 square miles of Reno. They include dispensaries, cultivation facilities, and product testing labs
  • Cannabis sales in Nevada totaled around $500M+ over the past year and the state has collected more than $70Min tax revenue

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