GRWG Inks Distribution Agreement With V1 Solutions to Expand Globally

GrowGeneration Corp. GRWG announced that it inked a distribution agreement with V1 Solutions to handle sales and marketing of its proprietary products across the European Union. This move is in sync with GrowGeneration’s international expansion strategy. The company also announced that it would now distribute its proprietary products in Costa Rica, marking its entry into the Central American market.

Costa Rica's solid growing conditions and favorable export infrastructure make it an attractive market for expansion in Central America.

Details of GRWG’s Deal With V1 Solutions

V1 Solutions is a Macedonia-based company that has formed strategic relationships with commercial cultivators across the European region. The partnership will allow GrowGeneration to tap into the European Union's growing demand for advanced cultivation products that meet regulatory standards.

GrowGeneration is targeting a range of markets with significant potential for growth, including Germany, Portugal, the Netherlands, the Czech Republic and Greece. 

With the help of V1 Solutions, GRWG will supply commercial cultivators, garden centers and licensed operators in these countries with its proprietary products designed by growers for growers. These proprietary products include Drip Hydro, Char Coir, Ion Lighting, Power Si and The Harvest Company.

GrowGeneration’s Focus on Growth

GRWG is focused on expanding its footprint in Eastern Europe and Latin America as part of its international expansion activity. It aims to partner with local players and educate customers about the product in fast-growing regions.

With a solid international sales framework, regulatory knowledge and robust distribution channels, the company is well-equipped to seize the growing cannabis cultivation market in regions with evolving legalization.

GRWG’s Stock Price Performance

In the past year, the company’s shares have lost 48% compared with the industry’s 11.9% fall.

GrowGeneration’s Zacks Rank & Stocks to Consider

GRWG currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks from the basic materials space are SSR Mining Inc. SSRM, Alamos Gold Inc. AGI and Hawkins, Inc. HWKN. SSR Mining currently sports a Zacks Rank #1 (Strong Buy), and Alamos Gold and Hawkins carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

SSR Mining has an average trailing four-quarter earnings surprise of 58.8%. The Zacks Consensus Estimate for SSRM’s 2025 earnings is pegged at $1.14 per share, implying a year-over-year upsurge of 307%. SSR Mining has skyrocketed 147.9% last year.

Alamos Gold has an average trailing four-quarter earnings surprise of 1.4%. The Zacks Consensus Estimate for AGI’s 2025 earnings is pegged at $1.24 per share, indicating year-over-year growth of 55%. Alamos Gold shares have surged 66% last year.

Hawkins has an average trailing four-quarter earnings surprise of 8.2%. The Zacks Consensus Estimate for HWKN’s 2025 earnings is pegged at $4.37 per share, indicating year-over-year growth of 8.4%. Hawkins shares have jumped 55.5% last year.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research