GrowGeneration , a chain of specialty hydroponic and constitutional garden centers , today announce its acquirement of Agron.io , a conduce wholesale farming political program that allows commercial growers to deal their purchasing and logistics in one political platform .
Agron.io offers commercial pricing , real - time stocktaking , and a product catalog in the industry , with over 10,000 products in over 60 categories , let in greenhouses , erect benching , master environmental systems , HVAC , and industrial equipment . The political program manages real - time product updates , tier up - pricing alteration , case amount , pallet quantity , net margin projections , hazmat fee , ETL / UL itemization and country chemical substance regulations , as well as undertake the latest shipping inverted comma using API render pallet and box shipping rates . The Company expects Agron will contribute $ 20 million in tax income for GrowGen this year .
" As additional sound cannabis marketplace keep on to open up up across the rural area , we are amplify and enhance our commercial services , from installation design and consulting to bulk product pricing , to deliver best - in - form reinforcement for large growers , " say Darren Lampert , GrowGen ’s chief executive officer . " The Agron.io political program is a strategic and exciting addition to our portfolio and comes with a highly skilled team of customer help experts trained to help growers navigate the complexities of preparation , growing and corroborate a commercial agribusiness adeptness . "
Jeff Gordon , Co - Founder and CTO stated , " Agron.io was created to give commercial customer real - time data to manage their buying and logistics . Connecting our engineering with the Grow Generation statistical distribution internet , and a world class team of commercial experts , we now have a weapons platform that is a complete game changer for our evolving industry . "
With the accession of Agron.io power by GrowGen for commercial report , GrowGen will go forward to operate its e - commerce program GrowGeneration.com for retail and craft hemp and organic produce growers . The GrowGeneration.com site feature on-line order of over 10,000 products , graze from organic nutrients and soils to advanced lighting engineering ; enhanced order trailing ; buy online tone arm in store ( BOPIS ) capability ; a virtual garden centre with 16 product departments ; and a GrowPro groove featuring educational and how - to content from grow specialists .
The Agron.io accomplishment is GrowGen ’s eighth this year and follows yet another quarter of record earnings . In January , the Company pre - herald fourth - quarter tax income of $ 61.5 million , bringing full - yr 2020 revenue to $ 192 million , up 140 % from 2019 . Same - memory board sales increased 63 % for full - class 2020 , compare to the previous year . The Company also raised its 2021 revenue direction to $ 335 million-$350 million and put forward its 2021 adjusted Earnings Before Interest Taxes Depreciation and Amortization direction to $ 38 million-$40 million . GrowGen plans to have 55 garden centre locations by the remainder of 2021 .
