It’s an interesting time for the cannabis industry. While sector-related companies like GrowGeneration (GRWG) incur major viability questions, such concerns have been set aside due to the political narrative. For speculators who can handle day-to-day volatility risk, GRWG stock presents a possibly attractive framework.
First, let’s be real about GrowGeneration’s objective print. In the company’s fiscal fourth quarter – released March 13 – the hydroponic solutions provider reported a loss of $27.3 million. On a per-share basis, that came out to a loss of 44 cents. Adjusted for impairment costs, the red ink landed at 18 cents per share.
