GrowGeneration acquires Viagrow, expands into home gardening market

GrowGeneration (NASDAQ:GRWG) on Monday announced its acquisition of Viagrow, a domestic supplier of gardening and hydroponic equipment, in a move that expands the company’s presence in the home gardening and big box retail segments.

Under the terms of the agreement, GrowGeneration (NASDAQ:GRWG) is purchasing Viagrow, currently a $3 million annual revenue company, for cash and stock considerations.

GrowGeneration (GRWG) shares are up over 6% in premarket trade.