GrowGeneration acquires Hydroponics Depot

GrowGeneration acquires Hydroponics Depot

The acquisition of Hydroponics Depot marks GrowGeneration's entry into the Arizona market.

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GrowGeneration Corp., a Colorado-based chain of specialty hydroponic and organic garden centers, announced via press release that it has acquired Hydroponics Depot, Phoenix's largest indoor and outdoor garden center. The acquisition of Hydroponics Depot marks GrowGeneration's entry into Arizona's medical cannabis market.

GrowGeneration noted that with the addition of Hydroponics Depot, its portfolio of hydroponic garden centers now includes 29 stores in 11 states.

GrowGeneration's management estimates that almost 1,000 hydroponic stores are in operation in the U.S. By 2025, the global hydroponics system market is estimated to reach about $16 billion.

For more information, visit  www.growgen.pro and www.growgeneration.com.