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Stock Alert: GrowGeneration At New High

Shares of hydroponic and organic gardening stores chain GrowGeneration Corp. (GRWG) are climbing more than 13% Wednesday morning and touched a new high of $46.27.

The gardening supply company that sells equipment to grow pot has seen more than 10-fold growth this year.

In the third quarter, revenue for the company had grown 153% year-over-year to $55.0 million. In December 2020, the US house of Representatives has passed a bill to decriminalize use of cannabis.

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