Denver, Colo. – GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the nation’s largest chain of specialty hydroponic and natural backyard facilities, in the present day introduced it has acquired the property of Mobile Media, Inc and MMI Agriculture (MMI), an Ellenville, NY based mostly cell shelving manufacturing and warehouse facility. Transaction phrases had been $9.four million in money and inventory, inclusive of stock, mounted property, and goodwill.  MMI generated over $14.zero million in income in 2021.

MMI has lengthy been a trusted producer of high-density cell shelving programs, generally known as “benching,” to quite a lot of industries together with agriculture, retail, business, and authorities, providing a whole turnkey resolution, specializing in design, customized manufacturing, shelving programs, and set up throughout the United States.  High-density cell programs have turn into a significant a part of agriculture develop services by rising general cover area each vertically and throughout the ground by sustaining one moveable aisle in every develop system. MMI has gained important traction within the agriculture {industry} by innovating a tiered decking system integrated inside the cell system, permitting growers to achieve quite a few vertical tiers whereas sustaining complete system performance. MMI occupies two warehouses totaling over 70,000 sq. ft. and will proceed to supply merchandise in its manufacturing facility in NY.

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Over the years, a rising consciousness of the advantages of indoor vertical gardening has allowed the vertical farming market to realize important momentum.  Because vertical farming just isn’t climate dependent, it permits farmers to attain a constant annual crop manufacturing, with improved yields utilizing considerably much less water and a a lot smaller footprint, with out having to fret about hostile climate situations, in comparison with outside standard farming.

“Indoor vertical farming solutions has become a strategic priority for GrowGen, and a key component of our long-term revenue generation plan.  Lighting and benching are the first two key components of a grow facility.  Combining the adoption of our Ion LED light and cost savings achieved through indoor vertical cultivation using MMI’s vertical benching systems is an important part of GrowGen’s value proposition. Together, GrowGen and MMI increase opportunities for growers by offering not just GrowGen’s robust selection of hydroponic solutions and products, but also a mobile system to utilize these products,” stated Michael Salaman, GrowGen’s President, and Co-Founder. “This key strategic acquisition is especially important, as we expand in newly legalizing East Coast states like New York, New Jersey, Pennsylvania, and the New England states Maine, Massachusetts, Connecticut, and Vermont, where indoor vertical growing will be the method of growing.  MMI offers a great system and solution that is accompanied by an industry best warranty. We are proud to bring MMI and its team under our umbrella. Every bit of canopy grow space is critical to any grow facility. Being able to design and deliver a space saving mobile system, then execute the design by adding in irrigation, drainage, air flow, lighting, and automation solutions, gives us a stronger presence in today’s market.  GrowGeneration is a true one-stop turnkey outfitting solution for cultivators everywhere.”

MMI’s high-density cell carriages assist growers maximize yields as much as 200% extra per harvest by having extra obtainable cover area. MMI’s skilled drafters are well-versed in creating ground plans and personalized drawings that maximize capability utilizing the newest CAD software program to create programs that meet every shopper’s particular wants and decide remaining capability. In addition, MMI’s skilled nationwide set up crew to ensures that each system is put in and working accurately.

“I started MMI, 35 years ago, with the goal of providing the highest-quality vertical racking systems and I’m fortunate to find a partner like GrowGen, one of the most trusted names in hydroponic and organic gardening,” stated Lance Pennington, founding father of MMI.  “GrowGen’s leadership position in selling products into the indoor vertical farming industry combined with MMI’s indoor vertical racking systems now offers our customers a one stop solution for all their indoor cultivation products makes this the perfect partnership.”

About GrowGeneration Corp.

GrowGeneration owns and operates specialty retail hydroponic and natural gardening shops. Currently, GrowGeneration has 62 shops, which embody 23 areas in California, eight areas in Colorado, 7 areas in Michigan, 5 areas in Maine, 5 areas in Oklahoma, four areas in Oregon, three areas in Washington, 2 areas in Nevada, 1 location in Arizona, 1 location in Rhode Island,1 location in Florida, 1 location in Massachusetts and 1 location in New Mexico.

GrowGeneration additionally operates a web based superstore for cultivators at growgeneration.com and B2B e-commerce platform, agron.io. GrowGeneration carries and sells 1000’s of merchandise, together with natural vitamins and soils, superior lighting expertise and state-of-the-art hydroponic tools for use indoors and outdoor by business and residence growers.

For extra details about GrowGeneration, or to find its shops, go to www.growgeneration.com.

About Mobile Media Inc. and MMI Agriculture:

MMI, based in 1986, serves quite a lot of markets with a cell system customized manufactured for services and stockrooms of any dimension.  Each shopper receives a design that achieves most storage capability, saved area, and compliance with all egress, seismic, and constructing codes being met.  MMI manufactures and warehouses in Ellenville, NY striving to supply all shoppers environment friendly cell shelving programs with distinctive customer support and help MMI Agriculture is an industry-leading supplier of vertical farming and area optimization options. We work with business agriculture professionals to design, set up, and optimize operational areas all through cultivation, post-harvest, manufacturing, and distribution services by the implementation of the vertical and cell rack, cart, and air flow programs. The MMI workforce has over 35 years of economic cell storage expertise operational expertise.



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