Hydrofarm Holdings Group, Inc.

General Information
Business:
We are a leading independent distributor and manufacturer of controlled environment agriculture (“CEA”, principally hydroWordPress 5.6ponics) equipment and supplies, including a broad portfolio of our own innovative portfolio of proprietary branded products. We primarily serve the United States and Canadian markets, and believe we are one of the leading competitors by market share in these markets in an otherwise highly fragmented industry. For over 40 years, we have helped growers make growing easier and more productive. Our mission is to empower growers, farmers and cultivators with products that enable greater quality, efficiency, consistency and speed in their grow projects. For the trailing 12 months ended Sept. 30, 2020, we had net sales of $308.5 million; from 2005 to 2019, we generated a net sales compound annual growth rate (“CAGR”) of approximately 16%.
Hydroponics is the farming of plants using soil-less growing media and often artificial lighting in a controlled indoor or greenhouse environment. Hydroponics is the primary category of CEA and we use the terms CEA and hydroponics interchangeably. Our products are used to grow, farm and cultivate cannabis, flowers, fruits, plants, vegetables, grains and herbs in controlled environment settings that allow end users to control key farming variables including temperature, humidity, CO2, light intensity spectrum, nutrient concentration and pH. Through CEA, growers are able to be more efficient with physical space, water and resources, while enjoying year-round and more rapid grow cycles as well as more predictable and abundant grow yields, when compared to other traditional growing methods.
Industry: Hydroponics equipment & supplies
Employees: 212
Founded: 2017
Contact Information
Address 2249 South McDowell Boulevard Ext. Petaluma, California 94954
Phone Number (707) 765-9990
Web Address http://www.hydrofarm.com/
View Prospectus: Hydrofarm Holdings Group, Inc.
Financial Information
Market Cap $555.1mil
Revenues $308.54 mil (last 12 months)
Net Income $-15.59 mil (last 12 months)
IPO Profile
Symbol HYFM
Exchange NASDAQ
Shares (millions): 8.7
Price range $20.00 - $20.00
Est. $ Volume $173.3 mil
Manager / Joint Managers J.P.Morgan/ Stifel/ Deutsche Bank Securities/ Truist Securities/ William Blair
CO-Managers -
Expected To Trade: 12/10/2020
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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