Hydrofarm reports $13.1M net loss amid third-quarter grow glut
Hydrofarm maintained its full-year outlook, expecting sales to decline in the “low to high teens” percentage range. Pennsylvania-based Hydrofarm Holdings Group Inc. (Nasdaq: HYFM) financials took a hit in the third quarter as the hydroponics equipment maker continues to face pressure from oversupply issues plaguing cannabis more broadly. Revenue dropped 18.8% to $44 million, falling […]
