Grow Generation Corp

Company Overview

GrowGeneration (GrowGen), founded in 2014, owns and operates specialty retail hydroponic and organic gardening stores. Currently, GrowGen has 15 locations, including 9 in Colorado, 2 in California, 2 in Nevada, 1 in Seattle and 1 in Washington.

GrowGen carries and sells thousands of products, including organic nutrients and soils, advanced lighting technology and state of the art hydroponic equipment to be used both indoors and outdoors by commercial and home growers alike. GrowGen’s mission is to own and operate GrowGen branded stores in all of the major legalised cannabis states. Management estimates that roughly 1,000 hydroponic stores are in operation in the U.S.

The focus is primarily in the B2B cultivation space; however, it also has significant reach in the home growers market. A real benefit is the fact that current federal regulations and laws in the US does not impact the business. GrowGen can sell to both the legal and black market, as its products (although cannabis centric) is not a product that falls fowl of current legislation.

Management Overview

Darren Lampert – CEO & Co-Founder

Darren Lampert has been the Chief Executive Officer and a Director since the company’s inception in 2014. Mr. Lampert began his career in 1986 as a founding member of the law firm of Lampert and Lampert (1986-1999), where he concentrated on securities litigation, NASD (now FINRA) compliance and arbitration and corporate finance matters.

Mr. Lampert graduated in 1982 with a Bachelor of Science degree in business administration from Ithaca College. Mr. Lampert received a JD from Bridgeport University School of Law in 1985.

Joseph Prinzivalli – COO

Afer serving as Inventory Manager for Way To Grow, from July 2014-December 2016, Joe joined GrowGen in a similar role in January 2017 and was promoted to COO in April.

At Way To Grow, he was responsible for overseeing the movement and integrity of all Way To Grow physical inventories and managed analytical/reporting functions. Joe coordinated the shipment of goods to stores and customers with 3rd party shippers and suppliers and managed distribution operations.
From July 2011-June 2014, Joe served as Way To Grow’s Distribution Centre Manager, where he identified the need for and implemented all distribution operations for Way to Grow.

Monty R. Lamirato – CFO

Mr. Lamirato joined GrowGen in May 2017, afer he worked as an independent consultant providing chief financial officer and financial reporting consulting services to companies of various sizes in a variety of industries.

From March 2013 until November 2016, Mr. Lamirato served as Chief Financial Officer of Strategic Environmental & Energy Resources, Inc., a publicly traded holding company.

Mr. Lamirato received a Bachelor of Science, cum laude, from Regis College in Denver and is a Certified Public Accountant.

Company Analysis

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