• 🌎 Worldwide
    • πŸ‡ΊπŸ‡Έ U.S.
    • πŸ‡¨πŸ‡¦ Canada
    • πŸ‡¬πŸ‡§ United Kingdom
    • 🌏 Asia
    • 🌍 Europe
    • 🌎 Latin America
    • 🌏 Oceania and Australasia
The Daily Marijuana Observer
SUBSCRIBE
  • Home
  • Latest
  • Business
  • Investments
  • Law
  • People
  • Health
  • Databases
No Result
View All Result
The Daily Marijuana Observer
  • Home
  • Latest
  • Business
  • Investments
  • Law
  • People
  • Health
  • Databases
No Result
View All Result
The Daily Marijuana Observer
No Result
View All Result
Home Investments

CalPERS Trims Position in GrowGeneration Corp.

CalPERS is the largest public pension in the United States

Steven Lachard by Steven Lachard
February 4, 2021
in California, Institutional Action, Investments, Marijuana Stocks, Trading, United States
CalPERS Investments in Cannabis Stocks

CalPERS headquarters at Lincoln Plaza in Sacramento. (Transferred from en.wikipedia to Commons by Kelly using CommonsHelper. Author Coolcaesar at English Wikipedia)

202
SHARES
ShareShare

In a recent Form 13F-HR filed with the U.S. Securities and Exchange Commission, the country’s largest public pension fund, California Public Employees Retirement System, a.k.a. CalPERS, disclosed that it trimmed its stake in the national chain of specialty hydroponic and organic garden centers, GrowGeneration Corp. (NASDAQ:GRWG).

After its recent sale, CalPERS still held a whopping 79,937 shares of GRWG according to the filing. That’s worth over $4,589,183 based on the last traded price of $57.41 per share.Β 

With an over $129 billion in assets under management as of a recent Form ADV, CalPERS’ recent sale of 1,194 shares of GrowGeneration Corp. amounts to just a tiny bit of profit taking for the pension fund. It should still be seen as a bullish signal that CalPERS has a $4.5+ million stake in the company.

Just three days ago, GrowGeneration announced its acquisition of Grow Depot, a two-store chain in Auburn and Augusta, Maine, bringing the total number of GrowGen hydroponic garden centers in Maine to 5, and the total number of GrowGen locations nationwide to 42.

We’ll continue to monitor 13F filings to see what institutional investors are up to, so be sure to subscribe to our cannabis stock updates here. In the meantime, check out which marijuana stock the State of Wisconsin Investment Board just doubled down on.

Share this:

  • Click to email this to a friend (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pocket (Opens in new window)
Tags: CalPERSGrowGeneration Corp.NASDAQ:GRWGOTC:GRWG

Get Real-Time Updates from MJobserver.com

Unsubscribe
Steven Lachard

Steven Lachard

Steven Lachard is a staff writer for MJobserver.com with a particular focus on marijuana stocks. Beyond MJobserver.com, Steven's pot stock insights have been featured on TalkMarkets.com and more.

Related Posts

Michigan Marijuana Stocks News
Investments

GrowGeneration Acquires Michigan-Based Big Green Tomato

October 20, 2020
GrowGeneration (NASDAQ:GRWG) Stock News
Events

GrowGeneration Corp. to Participate in the Lake Street 4th Annual Best Ideas Growth Conference on September 20, 2020

September 11, 2020
Cannabis Stocks News
Investments

GrowGeneration Announces $35,000,000 Follow-On Public Offering

June 10, 2020
Planet 13 Offering Delivery 24/7
Trading

5 of Today’s Biggest Marijuana Stock Gainers for Tuesday, June 9th, 2020

June 9, 2020
Marijuana Stocks - Gainers
Marijuana Stocks

5 of Today’s Biggest Marijuana Stock Gainers – Tuesday, March 10, 2020

March 10, 2020
Marijuana Stocks - Losers
Marijuana Stocks

5 of Today’s Biggest Marijuana Stock Losers – Thursday, March 5, 2020

March 5, 2020
Load More
Next Post
Harvest Health Acquires Verano Holdings, Inc. - Marijuana Stock News

Verano Continues Pennsylvania Expansion with Zen Leaf Altoona

Comments 2

  1. Pingback: CalPERS Trims Position in GrowGeneration Corp. - Joseph Bernaudo
  2. Pingback: CalPERS Trims Position in GrowGeneration Corp. – The Green 420

Leave a Comment! Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

🚨 Subscribe to Stock Alerts

Get Live Updates on Breaking News

Subscribe Now

βœ‰οΈ Subscribe to Our Newsletter!

* indicates required

πŸ”Ž Search Marijuana Stocks

πŸ“° Recent News

  • Verano Holdings Enters into Agreement to Expand Arizona Footprint
  • Green Thumb Industries Announces Initial Public Offering in the U.S. to Raise US$100,000,000
  • Greenlane Announces Dismissal of Remaining Securities Class Action
  • Indiva Reports Record Market Share for January 2021
  • Acreage Announces Fourth Quarter And Full Year 2020 Earnings Date
Facebook Twitter Instagram LinkedIn Youtube

Cannabis News by Region

  • πŸ‡ΊπŸ‡Έ United States
  • πŸ‡¨πŸ‡¦ Canada
  • πŸ‡¬πŸ‡§ United Kingdom
  • 🌏 Asia
  • 🌍 Europe
  • 🌎 Latin America
  • 🌏 Oceania and Australasia

Cannabis Tools & Resources

  • πŸ“… Calendar
  • πŸ“Š Databases
  • πŸ“‡ Directories
  • πŸ”” RSS Feeds
  • πŸ“Ί Videos

Find Cannabis Business Services

  • βš–οΈ Attorneys & Law Firms
  • πŸ“Š Accountants & Accounting Firms
  • πŸ’‘ Consultants & Consulting Firms
  • πŸ“² Marketing Agencies & Firms

The Daily Marijuana Observer

  • Subscribe
  • About MJobserver.com
  • Affiliate Marketing Disclosure
  • Legal Disclaimer
  • Privacy Policy
  • Contact Us

Advertise with Us

  • πŸ‘€ Advertise
  • πŸ“£ DMO Newswire
  • πŸ“‡ List in Our Databases

Β© 2018 - 2021 D.M.O. Holdings Corp.
DISCLAIMER: DMO Holdings Corp., which owns The Daily Marijuana Observerβ„’ (MJobserver.com), is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. DMO Holdings Corp., which owns MJobserver.com, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. DMO Holdings Corp. or its affiliates, which owns MJobserver.com, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two.

No Result
View All Result
  • Home
  • Latest
  • πŸ”’ PRO
    • πŸ”’ A.M. Watchlist
    • πŸ”’ Analyst Action
  • πŸ’Ό Business
  • πŸ“ˆ Investments
    • πŸ“ˆ Stocks
    • πŸ’° ETFs and Funds
    • πŸ’­ Market Commentary
    • πŸ“° Press Releases
    • πŸ“… Earnings Calendar
  • βš–οΈ Law
    • Laws
    • Politics
    • Intellectual Property
    • Attorneys & Law Firms Database
  • πŸ‘₯ People
    • ⚽ Athletes
    • πŸ’Ό Executives
    • 🌟 Celebrities
    • πŸ›’ Consumers
    • βš•οΈ Doctors
    • πŸ’Š Patients
  • πŸ’Š Health
  • πŸ“‡ Databases
    • πŸ“ˆ Stock Databases
    • πŸ’° Fund Databases
    • πŸ’Ό Service Providers Databases
    • 🏦 Marijuana Stock Brokers
    • πŸ’² Marijuana Cryptocurrencies

Β© 2018 - 2021 D.M.O. Holdings Corp.
DISCLAIMER: DMO Holdings Corp., which owns The Daily Marijuana Observerβ„’ (MJobserver.com), is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. DMO Holdings Corp., which owns MJobserver.com, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. DMO Holdings Corp. or its affiliates, which owns MJobserver.com, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.