GrowGeneration Stock Plunges As HGS Acquisition Falls Through; Cuts FY21 Outlook

  • GrowGeneration Corp (NASDAQ: GRWGhas terminated the previously announced asset purchase agreement with HGS Hydro mutually.
  • "This was a difficult decision regarding the HGS Hydro acquisition, but following appropriate due diligence and capital allocation analysis, we decided to mutually terminate the acquisition," said Darren Lampert, GrowGeneration's CEO.
  • Outlook: GrowGeneration expects …

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