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Cannabis-focused hydroponics equipment manufacturer Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) has entered into an agreement to acquire Illinois-based Innovative Growers Equipment Inc., a manufacturer of horticulture benches, racking and LED lighting systems. The Deal Details Under the terms of the agreement, the Fairless Hills, Pennsylvania-based company, agreed to purchase IGE for roughly $58 million using a combination of cash, its credit facilities and approximately $11.6 million in its common stock.
...read full article on Benzinga
