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GrowGeneration Announces Pricing Of $42M Upsized Public Offering Of Common Stock

DENVER, June 30, 2020 /PRNewswire/ -GrowGenerationCorp. (NASDAQ:GRWG), ("GrowGen" or the "Company"), the largest chain of stand-alone specialty hydroponic and organic garden centers,

Benzinga · -

DENVER, June 30, 2020 /PRNewswire/ -GrowGenerationCorp. (NASDAQ:GRWG), ("GrowGen" or the "Company"), the largest chain of stand-alone specialty hydroponic and organic garden centers, currently with 27 locations, today announced the pricing of anunderwritten public offering of 7,500,000 shares of its common stock at an offering price of $5.60 per share (the "Offering"). GrowGen expects the gross proceeds from the Offering to be approximately $42.0 million, before deducting the underwriting discount and other estimated offering expenses. The Offering was upsized from the previously announced offering size of $35.0 million of common stock. GrowGen has also granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock offered in the public market. The Company expects to close the Offering on or about July 2, 2020, subject to the satisfaction of customary closing conditions.