Benzinga | Aug 2, 2021 01:33PM EDT

iPower Ramps Up Warehouse Capacity With California Facility

* Online hydroponic equipment supplier and retailer iPower Inc (NASDAQ:IPW) agreed to lease a new warehouse and logistics facility in Rancho Cucamonga, CA.

* This newly built facility, located near an international airport in Ontario, CA, will have 100,000 sq ft of useable space.

* It will more than double the current warehouse capacity and support the ongoing strong demand for hydroponics products and accessories.

* Price action: IPW shares traded higher by 2.86% at $5.04 on the last check Monday.