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| Home : GrowGeneration Secures $1,650,000 in Capital From Merida Capital Partners to Continue to Fuel Growth |
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Mar 15
2017 |
GrowGeneration Secures $1,650,000 in Capital From Merida Capital Partners to Continue to Fuel Growth |
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DENVER, CO--(Marketwired - March 14, 2017) - GrowGeneration Corp. (OTCQB: GRWG), GrowGeneration ("GrowGen" or the "Company"), one of the largest specialty retail hydroponic and organic gardening store chains, selling to both the commercial and home cannabis markets, with currently 10 locations in Colorado, 1 location in California and 1 location in Las Vegas, NV., today announced that it has secured $1,650,000 in equity financing from Merida Capital Partners, a cannabis infrastructure fund, to continue fueling its expansion plans primarily in California and the West Coast. The transaction was priced at $2.00 with a warrant to purchase common shares at $2.75. The transaction, when factoring in warrant exercises, will total $3.92M in capital into the Company. The warrant is callable when GrowGen trades at $4.12 or higher. |
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| Source:http://www.marketwired.com/mw/release.do?id=2202791&sourceType=3 |
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