GrowGeneration Corp. filed a Form 8-K on November 10, 2026, disclosing a strategic restructuring plan committed to on November 6, 2026, that includes closing four to five retail locations and reducing its workforce as part of a shift toward a commercial, proprietary-brand-driven business.

Key Highlights

  • Restructuring plan committed: GrowGeneration committed to its 2026 Restructuring Plan on November 6, 2026, targeting its Gardening and Cultivation segment.
  • Store closures planned: The plan includes closing and consolidating four to five underperforming retail locations.
  • Workforce reductions: The restructuring also includes workforce reductions and other operational improvements, according to the filing.
  • Completion timeline: The company expects restructuring activities to be substantially completed by the end of the first quarter of fiscal 2027.
  • Costs not yet estimated: The company stated it is "not currently able to estimate the amount or range of amounts it will incur" in connection with the plan and will file an amendment once estimates are determined.
  • Non-GAAP treatment: The company disclosed it intends to exclude restructuring charges from non-GAAP financial measures, including Adjusted EBITDA.
  • Q3 2026 results disclosed separately: A press release covering third-quarter 2026 financial results and updated full-year 2026 guidance was published on November 10, 2026, and attached as Exhibit 99.1.

GrowGeneration's 2026 Restructuring Plan: Retail Closures and Strategic Shift

According to the filing, GrowGeneration Corp. (NASDAQ:GRWG) committed to the 2026 Restructuring Plan on November 6, 2026, describing it as "focused on long-term profitability in its Gardening and Cultivation segment" as part of an "accelerated, strategic transformation into a primarily commercial, proprietary-brand-driven business." The plan centers on reducing the company's cost structure through store closures, headcount reductions, and broader operational improvements.

The company disclosed that four to five underperforming retail locations will be closed or consolidated. However, the filing noted that GrowGeneration is not yet able to provide estimates for charges related to real estate lease consolidations or eliminations, employee termination benefits, or other associated costs. The company stated it will file an amendment to this report once such estimates or ranges are determined, as required under paragraphs (b), (c), and (d) of Item 2.05 of Form 8-K.

Separately, the filing noted that on November 10, 2026, the company published a press release covering its financial results for the third quarter of 2026 and updated guidance for the full year 2026. That press release is attached as Exhibit 99.1. The filing specifies that the information furnished under Item 7.01 and Exhibit 99.1 "shall not be deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934." The filing was signed by Chief Executive Officer Darren Lampert.

What Was Disclosed

GrowGeneration Corp. disclosed a restructuring plan committed on November 6, 2026, involving the closure or consolidation of four to five retail locations, workforce reductions, and operational improvements, with restructuring charges to be excluded from Adjusted EBITDA. Cost estimates are not yet available.