GrowGeneration Corp., a Denver-based specialty hydroponic and organic garden center giant, is terminating a previously announced deal to purchase HGS Hydro, which owns a chain of hydroponic garden centers across Michigan.
“Following appropriate due diligence and capital allocation analysis, we decided to mutually terminate the acquisition,” Darren Lampert, GrowGeneration’s CEO, said in a news release.
Lampert also said the company’s near-term objective is to build and acquire garden centers in new markets that are growth opportunities.
In a separate move, GrowGeneration said it’s acquiring All Seasons Gardening, an Albuquerque, New Mexico-based, indoor-outdoor garden supply center specializing in hydroponics systems, lighting and nutrients.
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