Hydrofarm Raises $ 269.Three million within the sale of shares for $ 59 – New Hashish Ventures

Hydrofarm Holdings Group announces pricing for an increased public offering of common stock

FAIRLESS HILLS, PA, April 28, 2021 (GLOBE NEWSWIRE) – Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent distributor and manufacturer of hydrofarm control equipment and supplies Environment Agriculture, today announced pricing for a subscribed, increased public offering of 4,805,967 shares of common stock at a public offering price of $ 59.00 per share. The net proceeds of this offering to the Company, after deducting subscription discounts and commissions payable by the Company and the estimated cost of the offering, are expected to be approximately $ 269.3 million. All common shares are offered by Hydrofarm. In addition, the Company has granted subscribers a 30-day option to purchase up to 720,894 additional common shares at the public offering price less subscription discounts and commissions. The offering is expected to close on May 3, 2021 provided customary closing conditions are met.

JP Morgan and Stifel are acting as lead book running managers for the offering. Deutsche Bank Securities, Truist Securities and William Blair are acting as book-running managers for the offering.

A registration statement relating to these securities has been filed with and has been declared effective by the United States Securities and Exchange Commission. The offer is only made by means of a prospectus. A copy of the final prospectus relating to the offering, if available, can be obtained from JP Morgan Securities LLC, c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at spectus-eq_fi @ jpmorgan. com or by phone at (866) 803-9204; or Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus Department, One Montgomery Street, Suite 3700, San Francisco, CA 94104 or call (415) 364-2720 or email [email protected]

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor may any sale of these securities be made in any state or jurisdiction in which such offer, solicitation or sale is prior to Registration or illegal would qualify under the securities laws of such state or jurisdiction.

About Hydrofarm

Hydrofarm is a leading independent distributor and manufacturer of hydroponic equipment and accessories for farming in controlled environments, including grow lights, air conditioning solutions, growing media and nutrients, and a broad portfolio of innovative and proprietary branded products. For over 40 years, Hydrofarm has been helping growers make growth easier and more productive. The company’s mission is to provide growers, farmers and farmers with products that enable higher quality, efficiency, consistency and speed in their growing projects.

Original press release

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