GROWGENERATION CORP (OTCMKTS:GRWG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

On April 10, 2017, GrowGeneration, Corp. (the Company) entered
into a 3-year executive employment agreement (the Employment
Agreement) with Joe Prinzivalli, to which Mr. Prinzivalli agreed
to provide his services to the Company as Chief Operating
Officer. In consideration of the services to be provided by Mr.
Prinzivalli under the Employment Agreement, the Company agreed to
pay Mr. Prinzivalli a salary of $100,000 per annum with a 10%
annual raise. The Company also agreed to issue to Mr. Prinzivalli
50,000 shares of common stock as of the date of the agreement,
50,000 shares as of December 31, 2017 and 50,000 shares as of
December 31, 2018.

On April 10, 2017, the Company entered into a separation and
release agreement (the Separation Agreement) with Jason Dawson,
to which the parties agreed to terminate that certain employment
agreement under which Mr. Dawson provided his services to the
Company as Chief Operating Officer. As of the effective date of
the Separation Agreement, Mr. Dawson resigned from the position
of Chief Operating Officer of the Company, as well as from any
and all positions as an officer of any subsidiary of the Company.
Mr. Dawsons resignation was not a result of any disagreements
with the Company regarding its operations, policies or practices.

to the Separation Agreement, Mr. Dawson agreed that sales of any
shares of common stock of the Company owned by Mr. Dawson shall
be subject to the Companys insider trading policy, and that any
sales within a calendar quarter shall not exceed 50,000 shares.
In addition, the Company agreed to extend the termination period
of certain options granted to Mr. Dawson to purchase shares of
common stock, which shall be exercisable prior to May 1, 2018.

As of the same date of the Separation Agreement, the Company and
Mr. Dawson also entered into a consulting agreement (the
Consulting Agreement), to which Mr. Dawson agreed to provide
consulting services to the Company as an independent contractor,
up to 20 hours per week, for a period of six months. In
consideration of the services to be provided by Mr. Dawson under
the Consulting Agreement, the Company agreed to pay Mr. Dawson an
hourly fee of $60 and issue 50,000 shares of common stock to Mr.
Dawson as of the date of the agreement.

The foregoing descriptions of the terms of the Employment
Agreement, Separation Agreement and Consulting Agreement do not
purport to be complete and are qualified in their entirety by
reference to the full text of the forms of the agreements filed
herewith as Exhibits 99.1, 99.2 and 99.3, respectively.

Section 9 Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits

About GROWGENERATION CORP (OTCMKTS:GRWG)

GrowGeneration, Corp. operates retail hydroponic and organic specialty gardening retail outlets. The Company owned and operated a chain of approximately eight retail hydroponic/gardening stores located in the states of Colorado and California at November 9, 2015. The Company is also engaged in the development of a branded e-commerce portal at www.GrowGeneration.com. The Company’s stores offer supplies to the hydroponic and gardening industry, including medium (farming soil), hydroponic equipment, lighting, plant nutrients and various additional products used by professional growers and specialty cultivation operations. The Company’s target market segments include home growers of organic vegetable and fruit growers (small farms, home garden growers, restaurants growers and farmer markets), the do-it yourselfers (home flower and plant growers, or mass market and growers in the cannabis related market (dispensaries, cultivators and caregivers).

GROWGENERATION CORP (OTCMKTS:GRWG) Recent Trading Information

GROWGENERATION CORP (OTCMKTS:GRWG) closed its last trading session up +0.07 at 2.12 with shares trading hands.