GrowGeneration Announces Belushi Farming Partnership
DENVER – GrowGeneration Corp. (NASDAQ: GRWG), (“GrowGen” or the “Company”), the nation’s largest chain of hydroponic and organic specialty garden centers, today announced a new partnership with Belushi’s Farm to equip its new greenhouse. Based in Oregon, Belushi’s Farm was founded in 2015 by artist Jim Belushi to grow premium medical and recreational cannabis, producing iconic brands such as Belushi’s Secret Stash, The Blues Brothers and Captain Jack’s (also known as the name of “The Smell of SNL”).
“We spent several weeks in the field in Oregon working with Jim and his outstanding team at Belushi’s Farm working on plans and visiting our outlets for top quality supplies,” said Jeremy Corrao, vice – President of Business Operations at GrowGeneration. “Our team of grow professionals is made up of experts in cannabis growing techniques, and we are thrilled to support Jim’s vision with GrowGeneration’s unparalleled supplies and service.”
“GrowGeneration is engaging with us and building this incredible greenhouse system that will nearly double our yield,” said Jim Belushi. “I didn’t know it was possible until they arrived! It’s a sharp team and we’ve worked together to make the plants dance like the Blues Brothers – there’s that perfect amount of warm sun and light when they need it, the cool soil, the cool air and the beautiful Rogue River water – I think these cultures can be happier than ever!
GrowGeneration is the fastest growing cash crop retailer in the United States, with more than 53 stores in the United States, including two stores in Oregon, where Belushi’s Farm is headquartered, and 23 stores in states neighbors such as California, Nevada and Washington. Earlier this week, GrowGeneration announced that it will enter Mississippi, a gateway to the Southern market, as the 13th state this summer. In 2020, GrowGeneration was named “Best Cannabis of 2020” by Bloomberg, following ten consecutive quarters of revenue growth and over 700% year-over-year gains. In 2021, the company released revenue forecasts of $415 million to $430 million, driven by business customers, private label products and technology solutions.
GrowGeneration is a founding member of the Sustainable Cannabis Coalition (SCC), a trade organization focused on promoting sustainable practices in the cannabis industry. The company has also donated hydroponic equipment to the Whole Cities Foundation, an independent nonprofit initiative launched by Whole Foods, with the goal of increasing organic farming practices and vertical food production in urban communities.
For more information on GrowGeneration, or to locate your nearest store, visit www.growgeneration.com.
About GrowGeneration Corp.
GrowGen owns and operates specialty hydroponic and organic gardening stores. Currently, GrowGen has 53 stores, including 8 locations in Colorado, 18 locations in California, 2 locations in Nevada, 1 location in Arizona, 2 locations in Washington, 6 locations in Michigan, 1 location in Rhode Island, 5 locations in Oklahoma, 2 locations in locations in Oregon, 5 locations in Maine, 1 location in Florida, and 1 location in Massachusetts. GrowGen also operates an online supermarket for growers at growgeneration.com and a B2B portal at agron.io. GrowGen carries and sells thousands of products, including organic soil and nutrients, advanced lighting technology, and state-of-the-art hydroponic equipment for use indoors and outdoors by commercial and home growers. Our mission is to own and operate GrowGeneration branded stores in all major states in the United States and North America. Management estimates that approximately 1,000 hydroponic stores are in operation in the United States. By 2025, the global hydroponic systems market is expected to reach approximately $16 billion.
About Belushi Farm
What started as a meager 48 plants during Oregon’s medical marijuana program in 2015, today Belushi’s Farm encompasses 93 sprawling, spiritual acres with 1,800 feet of Rogue River waterfront in southern Oregon. , where sun, water and air form the perfect combination to sustain naturally potent and beautiful cannabis. Belushi’s Farm is home to a range of offerings – Belushi’s Secret Stash, The Blues Brothers, Captain Jack’s Gulzar Afghanica (a rare strain from the Hindu Kush region that became known in the 70s as “The Smell of SNL “), and GROWING BELUSHI on the Discovery Channel. Having suffered the loss of his brother John to an overdose, and his own journey of learning and healing through the cultivation of cannabis, farm owner, performer Jim Belushi, is a proponent of the beneficial properties of the plant through a range of uses. From improving joy and quality of life, alleviating trauma and managing pain, to a harm reduction approach and refuting the epidemic of opioid abuse, Jim advocates for patient rights and the legalization of adult use while enabling newcomers to access the profound spiritual and healing powers of quality. cannabis. For more information, please visit: www.belushisfarm.com.