• 🌎 Worldwide
    • 🇺🇸 U.S.
    • 🇨🇦 Canada
    • 🇬🇧 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 Business

Hydrofarm Completes $55 Million Equity Financing

D.M.O. Newswire by D.M.O. Newswire
November 1, 2018
in Business, Investments, Press Releases
Hydrofarm Products
137
SHARES
ShareShare

Petaluma, CA — November 1, 2018 — /D.M.O. Newswire/ — Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”), a leading independent wholesaler and manufacturer of hydroponics equipment and horticultural products, today announced the completion of a $55 million equity financing. This financing included new strategic and institutional investors, as well as follow on participation from Serruya Private Equity (SPE), one of the largest investors in the cannabis industry, Hawthorn Equity Partners, and affiliates of Broadband Capital.

“We are very pleased to complete this equity financing, which provides Hydrofarm with the financial flexibility to continue to grow the business both organically and through acquisitions,” said Peter Wardenburg, Chief Executive Officer of Hydrofarm. “The hydroponics market is rapidly evolving and this capital raise allows us to fund and pursue strategic growth opportunities, including expanding our distribution capabilities, and enhancing our product offerings and service capabilities to satisfy the needs of our growing customer base.”

Hydrofarm has a 40-year operating history as a leading supplier to the hydroponics and specialty indoor gardening market. The Company has one of the largest product offerings in the industry with over 5,000 SKUs from lighting solutions to nutrients to grow mediums, providing growers with a wide range of product choice to ensure their operations are maximizing efficiency, output and quality. Hydrofarm is both a manufacturer and distributor of hydroponic equipment and supplies and sells primarily through 1,500+ hydroponic and lawn and garden retailers across North America.

“We are very excited about the significant growth opportunity in the broader global cannabis end market. Hydrofarm represents a unique opportunity to help the industry grow by creating a one-stop shop for all market participants to purchase hydroponics equipment and horticultural products, through its network of authorized resellers, for high quality, efficient cultivation,” said Michael Serruya, Managing Director, SPE.

“We believe the supply chain in this rapidly growing industry represents a large opportunity for an at-scale wholesaler and manufacturer. We are looking forward to working with the company to grow the business and its distribution and service capabilities,” said Michael Rapp, Broadband Capital.

“The strong investor response to this financing is a testament to Hydrofarm’s business strategy and position as one of the dominant players in the industry, as well as demand to participate in the growth of the global cannabis industry though an established, U.S. domiciled and federally-legal company,” said Adam Stern, CEO of SternAegis Ventures and Head of Private Equity Banking of Aegis Capital.

A.G.P./Alliance Global Partners and SternAegis Ventures acted as placement agents and financial advisors on the transaction.

About Serruya Private Equity

Serruya Private Equity Inc. is a global private equity firm focused on transforming companies by collaborating with management to develop and implement strategies which leverage SPE’s existing operational and financial resources. For additional information, please visit: www.serruyaequity.com

About Hawthorn Equity Partners

Hawthorn Equity Partners is a middle-market private equity fund with offices in Toronto and Chicago. The firm specializes in unique, proprietary, growth-oriented situations where it can partner with management to capitalize on defining moments in their companies’ growth trajectories. For additional information, please visit: www.hawthornep.com

About SternAegis Ventures

SternAegis Ventures is the management team within Aegis Capital Corp. that is responsible for venture capital and private equity financing. We are committed to identifying and financing ventures that can potentially realize above-average returns for investors willing and able to accept above average risk. For additional information, please visit: www.sternaegis.com

About Hydrofarm Holdings Group, Inc.

Hydrofarm is independently owned and is one of the nation’s leading wholesalers and manufacturers of hydroponics equipment and commercial horticultural products, including high-intensity grow lights, climate control solutions, and growing media. With an emphasis on excellent customer service, Hydrofarm has nine distribution centers across North America to best serve the growing needs of their customers. For additional information, please visit: www.hydrofarm.com

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: NYSE:SMGOTC:TRTCScotts Miracle-Gro CompanyTerra Tech Corp.

Get Real-Time Updates from MJobserver.com

Unsubscribe
D.M.O. Newswire

D.M.O. Newswire

D.M.O. Newswire is the cannabis industry's trusted news and press release dissemination service.

Related Posts

Planet 13 Offering Delivery 24/7
Trading

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

June 9, 2020
Cannabis Stocks Going Down Today
Trading

5 of Today’s Biggest Cannabis Stock Losers on Thursday, June 4, 2020

June 4, 2020
Marijuana Stocks - Losers
Trading

5 of the Biggest Marijuana Stock Losers on Thursday, April 9th, 2020

April 9, 2020
Marijuana Stocks - Losers
Marijuana Stocks

5 of Today’s Biggest Marijuana Stock Losers – Monday, March 16, 2020

March 16, 2020
Marijuana Stocks - Gainers
Marijuana Stocks

5 of Today’s Biggest Marijuana Stock Gainers – Friday, March 13, 2020

March 13, 2020
Marijuana Stocks - Gainers
Marijuana Stocks

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

March 10, 2020
Load More
Next Post
Pre-Market Marijuana Stock Movers

3 Marijuana Stocks Moving in the Pre-Market on Thursday, November 1, 2018

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

✉️ Subscribe to Our Newsletter!

* indicates required

🔎 Search Marijuana Stocks

📰 Recent News

  • J. Arnold Wealth Management Discloses New Stake in Cannabis ETF
  • Bank of America Increases its SNDL Holdings
  • The Lift & Co. Expo is back helping Canada build responsible, prosperous cannabis and psychedelics businesses
  • Bank of America Trims its Stake in Canopy Growth Corp.
  • Ballard Spahr Launches Cannabis Legislation Tracker to ID Industry Trends and Opportunities
Facebook Twitter Instagram LinkedIn Youtube

Cannabis News by Region

  • 🇺🇸 United States
  • 🇨🇦 Canada
  • 🇬🇧 United Kingdom
  • 🌏 Asia
  • 🌍 Europe
  • 🌎 Latin America
  • 🌏 Oceania and Australasia

Cannabis Tools & Resources

  • 📅 Calendar
  • 📊 Databases
  • 📇 Directories
  • 🔔 RSS Feeds
  • 📺 Videos

Find Cannabis Business Services

  • ⚖️ Attorneys & Law Firms
  • 📊 Accountants & Accounting Firms
  • 💡 Consultants & Consulting Firms
  • 📲 Marketing Agencies & Firms

The Daily Marijuana Observer

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

Advertise with Us

  • 👀 Advertise
  • 📣 DMO Newswire
  • 📇 List in Our Databases

© 2018 - 2021 D.M.O. Holdings Corp.
DISCLAIMER: DMO Holdings Corp., which owns The Daily Marijuana Observer™ (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
  • 🔒 PRO
    • 🔒 A.M. Watchlist
    • 🔒 Analyst Action
  • 💼 Business
  • 📈 Investments
    • 📈 Stocks
    • 💰 ETFs and Funds
    • 💭 Market Commentary
    • 📰 Press Releases
    • 📅 Earnings Calendar
  • ⚖️ Law
    • Laws
    • Politics
    • Intellectual Property
    • Attorneys & Law Firms Database
  • 👥 People
    • ⚽ Athletes
    • 💼 Executives
    • 🌟 Celebrities
    • 🛒 Consumers
    • ⚕️ Doctors
    • 💊 Patients
  • 💊 Health
  • 📇 Databases
    • 📈 Stock Databases
    • 💰 Fund Databases
    • 💼 Service Providers Databases
    • 🏦 Marijuana Stock Brokers
    • 💲 Marijuana Cryptocurrencies

© 2018 - 2021 D.M.O. Holdings Corp.
DISCLAIMER: DMO Holdings Corp., which owns The Daily Marijuana Observer™ (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.