12 Best Marijuana Stocks to Buy According to Analysts

4. GrowGeneration Corp. (NASDAQ:GRWG)

Analysts’ Upside Potential as of September 5: 65.56%

GrowGeneration Corp. (NASDAQ:GRWG), the nation’s biggest specialty hydroponic and organic gardening company, has established a strategic distribution collaboration with Arett Sales to grow its wholesale presence in the United States. The company’s exclusive brands, such as Char Coir, Drip Hydro, Power Si, The Harvest Company, and Viagrow, will be distributed through Arett’s 32-state network, which serves independent garden centers, hardware stores, nurseries, and national accounts, according to the agreement. Its retail footprint and market access will be significantly boosted by Arett’s 650,000 square feet of warehouse space in Connecticut, Ohio, and California. It will facilitate daily delivery and store-level service.

Michael Salaman, GrowGeneration Corp. (NASDAQ:GRWG)’s president and co-founder, referred to the partnership as a “major milestone” for the firm’s wholesale growth, placing its sustainable, high-performing products in thousands of new stores across the country. Noah Chesbrough, president of sales at Arett, commented on the market for the company’s environmentally friendly goods as well as the company’s potential to grow throughout North America. The agreement promotes its plan to expand its wholesale and national account capabilities, increase retail channel access, and promote margin-accretive growth.