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Why GrowGeneration Stock Went Hypergrowth Today

TheMotleyFool

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Shares of hydroponics specialist GrowGeneration (NASDAQ: GRWG) are certainly living up to their name Wednesday morning, rising 27.8% through 11:30 a.m. ET after the company reported better revenue and a narrower loss than Wall Street had expected last night.

Heading into the first quarter of 2023, analysts had expected this marijuana stock to report an $0.11-per-share loss on sales of $55.9 million. In fact, GrowGeneration scored sales of $56.8 million, and managed to hold its loss to just $0.10 per share.

Not all the news was good.

Source Fool.com

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