GrowGeneration: Rises on deal to acquire Agron.io
22/03/2021 16:36
** Shares of farm supplies seller GRWG.O up 4.4% at $57.1
** Co announces its acquisition of Agron.io, a wholesale
agriculture platform that allows commercial growers to manage
their purchasing and logistics in one platform urn:newsml:reuters.com:*:nPn1r4xdFa
** GRWG expects Agron will contribute $20 mln in revenue for
it this year
** "As additional legal cannabis markets continue to open up
across the country, we are expanding and enhancing our
commercial services," GRWG's CEO Darren Lampert says
** With the addition of Agron.io for commercial accounts,
GRWG will continue to operate its e-commerce platform
GrowGeneration.com for retail and craft cannabis and organic
produce growers
** Including session's gain, stock up ~39% YTD
(Reporting by Sahil Shaw in Bengaluru)
((sahil.shaw@thomsonreuters.com))