 Hi guys, how you doing? This is your boy Rich here on behalf of RichTVLive and I'm looking at this company that I've been watching for a while and they look very interesting to me. They're called Grow Generation and the news today is that Grow Generation reports record third quarter revenue. Q3 2018 revenue up 109% to 8.4 million which is very impressive. Revenue up 86% to 20 million for the nine months. Wow. This is a company that's been flying into the radar. I haven't really been watching them very much and I just started looking at them. The revenue is very outstanding. Grow Generation Corp GRWG on the OTC QX exchange so it's one of the best exchanges that's not a senior exchange. One of the largest specialty retail hydroponic and organic gardening stores selling to both the commercial and home cannabis markets with currently 18 locations today reported financial results for its Q3 quarter and it's September 30th 2018. I like their logo. Grow Generation where the pros go to grow. Third quarter 2018 financial highlights revenue of 8.4 million up 109% compared to revenue of 4 million for the third quarter of 2017. Wow. That's just huge. Store operating costs as a percentage of revenue have declined 16% from 19.9% for the third quarter of 2017 to 16.8% for the third quarter of 2018. Year-to-date revenue of 20 million up 86% compared to year-to-date revenue of 10.7 million last year. Year-to-date store operating costs as a percentage of revenue have declined from 19.6% for the nine months and September 30th 2017 to 17.3% for the nine months and September 30th 2018. Adjusted EBITDA 71,000 for the third quarter of 2018 compared to 191,000 for the third quarter of 2017. The company had 14.3 million in cash and cash equivalents at September 30th 2018. As of September 30th 2018 the company had total assets of 36.2 million compared to total assets of 9.2 million at December 31st 2017. Wow. That's just huge growth. That's like over 300% right there like 350%. As of September 30th 2018 the company had working capital of 23.1 million compared to working capital of 5.6 million at the December 31st 2017. That's over 400% growth there. The company raised approximately 12.5 million in equity capital through issuance of common stock and the exercise of warrants and 9 million in convertible debt financing for the nine months period ended September 30th 2018. Three new stores acquired in Q3 2018 one of which was our new e-commerce site heavygardens.com. Formed Grow Generations Canada Corp. Formed Grow Generations Hemp Corp. Revenue run rate guidance in access of 42 million heading into 2019. 10 million for Q4 2018. These numbers look very impressive. Darren Lamper co-founder and CEO said this was another great quarter for growth for generation, grow generation with revenues growing over 100% quarter over quarter. Our management team focuses on profitability was clearly demonstrated with our operating costs being reduced by 16% in the quarter. Our balance sheet with assets totally 36 million 14 million in cash well positioned the company to continue to execute its acquisition plan and begin the process to up list the company to a larger exchange. They're talking about the senior exchange people. Our acquisition of heavygardens.com sets our e-commerce strategy to offer an omnichannel shopping experience for all of our customers. Further the formation of Grow Generation Canada and Grow Generation Hemp Corp. Demonstrate our commitment to unleash growth from all emerging markets in our industry. As reported we are forecasting a revenue run rate of approximately 42 million coming out of 2018 and 10 million for Q4 2018. Wow! That is impressive. What do you think about this news? Please guys if you like this news smash the like button comment down below let me know what you think about Grow Generation. Now I was looking into this company and I was finding it very interesting so they're currently trading around four bucks right? So Grow Generation owns and operates specialty retail hydroponic and organic gardening stores. Currently Grow Generation has 14 locations 9 locations in Colorado that's the place to be two locations in California that's a place to be and one location in Washington and two in Nevada they're located where you want to be in America. Grow Generation carries and sells thousands of products including organic nutrients and soils, advanced lighting technology and state-of-the-art hydroponic equipment to be used indoors and outdoors by commercial and home growers. Our mission is to own and operate Grow Generation brand stores in all of the major legalized cannabis states. Management estimates that roughly 1,000 hydroponic stores are in operation in the United States and look at this. They only have 27 million shares of people. This is a company that is tight. Their issue note standing shares are tight. Now remember Rich TV Live is strictly for education, entertainment purposes. Always do your due diligence. Always do your research before you invest in anything that we talk about here on Rich TV Live. Now if you want to find the winners go to www.richtvlive.com. We got feature videos. We got breaking news daily. All the top stock tools you need every single day right here in one spot. Okay. You want to learn about crypto. We got it all right there. You want to join our secret stock picks group right there. Join our social media platform where you have a voice. You can bring the winners first. You can be the next star and follow us on all social media platforms. We are literally everywhere. It's true. So what do you think of this news? When you look at the chart, you could see a company. This is the one year chart that has been literally much higher. Okay. Let's see this. So we've seen them trade as high as $8. Okay. And they're currently at four. So you could see that the lowest they've been since this year is 319. The lowest. They're currently at $4. And they just reported massive revenue with the amount of shares they have and the fact that they've kind of been close to a floor and the fact that they've been as high as $8. I believe this is a stock that could go up as much as 100% in the future. You heard it here first. Okay. Now if you like this button, button. If you like this video, smash the like button. Comment down below. Share the video everywhere. What do you think about Grow Generation Corp. Do you believe that this is a company that could shock the world? Do you think this is a stock that could be a big winner? I'd love to know what you think about this. Please let me know. Once again, GRWG Grow Generation reports record third quarter revenue. Thank you for watching. If you're not winning, you're not watching. It's true. This is your boy Rich and I'm out. Peace.