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GrowGeneration acquires Humboldt Depot

Cannabis company GrowGeneration Corp. said Jan. 31 that it closed an asset purchase agreement to acquire all the assets of California-based retail hydroponic store Humboldt Depot on Jan. 30 for $1 million and 100,000 shares of common stock.

The agreement was entered into by both companies on Oct. 25, 2017.

GrowGeneration will acquire all inventory, fixed assets, tangible and intangible personal property and contracts, the statement added.