US: PureAgro consolidates retail and wholesale divisions

PureAgro has created the largest U.S. supplier of urban agriculture and hydroponics technologies and equipment through the consolidation of its retail and wholesale divisions. Headquartered in Los Angeles and with operations in Colorado and California, PureAgro is now comprised of the following retail and wholesale divisions:

Way to Grow – Founded in 2002, Way to Grow is PureAgro’s Colorado-based retail presence, operating seven stores throughout the state, catering to commercial and individual growers. Way to Grow stores generate sales productivity in excess of $1,000 per square foot, with stores averaging 20,000 square feet and offering more than 2,500 unique stock keeping units (SKUs).
Crop Supply – Spun out of Way to Grow’s operations, Crop Supply is PureAgro’s wholesale operating division, selling directly and exclusively to large commercial growers seeking a supplier that can deliver significant order volumes and strategic consultation. Crop Supply operates a 38,000 square foot warehouse in Denver and 32,000 square foot warehouse in Los Angeles, providing reliable delivery coverage to commercial growers in Colorado and California.

“PureAgro is committed to a simple business ideology: advancing agriculture through technology,” said Rick Byrd, Chairman and CEO of PureAgro. “We have been pioneers of the hydroponics and indoor agriculture industry for the past 20 years. Our vision has evolved into the largest supply platform in the urban agriculture industry today and we are at the forefront of the farming revolution. Our current focus and primary growth initiatives are aligned with serving the fast growing legal cannabis industry. We have a long-term vision and growth strategy to create new markets and opportunities for applying sustainable hydroponics and AgTech to the food system.”

James Blaha, President & Chief Operating Officer of PureAgro said, “The urban agriculture supply market is large and fragmented, comprised primarily of hundreds of single retail locations in the adolescent stage of maturity. We will drive organic growth through our existing wholesale and retail operations, and through the acquisition, consolidation and integration of best-of-breed hydroponics retail stores throughout the country. We are modernizing a cottage industry and have created a highly profitable, capital-efficient and scalable business model that will enable PureAgro to rapidly capture market share.”

For more information:
www.pureagro.net