Hydrofarm Holdings Group Inc.

Hydrofarm Holdings Group, Inc. is a leading distributor and manufacturer of controlled environment agriculture equipment and supplies. Founded in 1977 with its headquarters in Fairless Hills, Pennsylvania, it operates in the US, Canada, and Spain. Its hydroponics products are used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs, allowing users to control various farming variables, including temperature, carbon dioxide, light intensity, and nutrient concentration. Hydrofarm supplies its products wholesale and does not operate retail stores. Its available products are related to lighting, atmospheric control, nutrients & additives, growing media, plant care/pest & disease control, seed cloning, and garden accessories. In 2021, Hydrofram completed its acquisition of Innovative Growers Equipment, Inc. (IGE) to complement the products offered by Hydrofarm. IGE products are used for benches, racking, and LED lighting systems. The company offers its products under the PHOTOBIO, Phantom, Quantum, Digilux, Jump Start, Active Aqua, Active Air, Autopilot, Xtrasun, Active Eye, Agrobrite, GROW!, Phat, and oxyClone brands. Hydrofarm operates six distribution centres in the US, two distribution centres in Canada, and one in Europe. The company started to trade on the NASDAQ in 2020 under the ticker HYFM. Learn more about the share price performance and latest news updates of HYFM stock on eToro.