GrowGeneration has been active on the acquisition front with the Grassroots acquisition being the seventh acquisition this year. On Dec 11, 2020, the company completed a previously announced upsized underwritten public offering of an aggregate of 5,750,000 shares of its common stock at a public offering price of $30.00 per share for gross proceeds of approximately $172.5 million. The company intends to utilize the proceeds primarily to expand its network of hydroponic/garden centers through organic growth and acquisitions, for general corporate purposes and pursuing strategic opportunities.