Benzinga | Mar 15, 2021 08:11AM EDT

GrowGeneration Acquires Char Coir; Terms Not Disclosed

DENVER, March 15, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ:GRWG), ("GrowGen" or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced its acquisition of Char Coir, an RHP-certified growing medium made from the highest-grade coconut fiber available. Established in 2014, Char Coir is recognized as the best coco coir on the market. Char Coir's portfolio of products are 100 percent biodegradable and compostable and a sustainable alternative to rockwool. Char Coir's line of coco products is projected to add in excess of $15 million in revenue to GrowGen in 2021.