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Opinions Jim Cramer - Mad Money
GrowGeneration Corp.GRWGBUYOct 20, 2020
If Biden wins the U.S. election, the cannabis industry will benefit One way to play weed, because GRWG they sell hydroponics and other equipment to grow weed. GRWG basically owns this space and have a good growth plan. They just entered their 11th state, Arizona. They has room to run.
Jim Cramer - Mad MoneyUnknown
$18.00
Stock price when the opinion was issued
$1.53
As of Jun 12, 2026. Market Open.
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Stockchase Research Editor: Michael O'Reilly GRWG is a unique way to gain exposure to the "budding" cannabis market. What makes them different is that the company sells supplies (nutrients and hydroponic gear, for example) to growers. Plus they consult on major new projects and operate in 12 states. The company has been profitable since going public in 2019. It is estimated to have grown its cash position to over $160 million. Earnings are expected to double again this year to $0.38 per share. We would buy this with a stop loss at $27.50, looking to achieve $56.50 -- upside potential over 29%. Yield 0% (Analysts’ price target is $56.57)
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Until then, one of the few purely-American cannabis plays in GrowGeneration Corp. (GRWG-Q). They run the largst chain of hydroponic stores across the States. Think of them as the Home Depot of weed. In the past month, GRWG has been on a buying spree, picking up smaller chains in Arizona and Michigan. The day before the vote, GRWG announced yet another acquisition to expand their footprint across California and Oregon. Few Canadian investors have heard of this chain, but American analysts like Jim Cramer swear by it. The problem is, Wall Street agrees with Jimbo and the stock has soared Thursday by over 21%. Is there more upside? The momentum, especially under Biden, to legalize weed is too strong to stop, but this week's rally is probably overdone. Look for a pullback.
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