GrowGeneration Commits To 2026 Restructuring Plan For Gardening And Cultivation Segment; 2026 Restructuring Plan Includes 4-5 Store Closures And Workforce Reductions; Restructuring Activities Expected To Complete By End Of Q1 FY27; Not Currently Able To Estimate Amount Or Range Of Amounts It Will Incur In Connection With 2026 Restructuring Plan; Charges From 2026 Restructuring Plan To Be Excluded From Non-GAAP Financial Measures; Withdrawing Its Previously Issued FY26 Adjusted EBITDA Guidance Of $2M-$3M

Item 2.05. Costs Associated with Exit or Disposal Activities

On November 6, 2026, GrowGeneration Corp. (the "Company") committed to a strategic restructuring plan (the "2026 Restructuring Plan") focused on long-term profitability in its Gardening and Cultivation segment as part of its accelerated, strategic transformation into a primarily commercial, proprietary-brand-driven business. The 2026 Restructuring Plan primarily includes reductions in cost structure by closing and consolidating four to five underperforming retail locations, workforce reductions, and other operational improvements. The Company expects that the restructuring activities associated with the 2026 Restructuring Plan will be substantially completed by the end of the first quarter of fiscal 2027.

The Company is not currently able to estimate the amount or range of amounts it will incur in connection with the 2026 Restructuring Plan, required by paragraphs (b), (c) and (d) of Item 2.05 of Form 8-K, including charges related to the consolidation or elimination of real estate leases, employee termination benefits, and other associated costs. The Company will file an amendment to this report after it makes a determination of such estimates or range of estimates, if any. The Company intends to exclude the charges associated with the 2026 Restructuring Plan from its non-GAAP financial measures, including Adjusted EBITDA.

These initiatives include four to five retail store closures during the fourth quarter, two of which have already been completed, as well as other restructuring and operational efficiency measures. Given the potential fourth-quarter financial impact of these activities, including closure-related and restructuring costs and the timing of anticipated savings, the Company is withdrawing its previously issued full-year 2026 Adjusted EBITDA guidance of $2 million to $3 million.