Greenlight Distribution Announces Record Revenue and Profit Growth in 2021

Dennis O’Carroll, CEO of Greenlight Distribution

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Distribution of the green light

The Denver-based CEA product supplier and lender to the commercial cannabis industry continues its rapid growth.

Our strategy of building lasting personal relationships with commercial cannabis growers has proven successful for us and for growers as the industry grows.

—Dennis O’Carroll, CEO

DENVER, COLORADO, USA, February 14, 2022 /EINPresswire.com/ — Distribution of the green lighta leading seller of controlled-environment agricultural products and a direct lender to commercial cannabis growers in the United States, today announced record growth in revenue and earnings for its fiscal year ended December 31, 2021.

Greenlight Distribution said its revenue increased by more than 800%, while its profits increased by more than 1,000% year-on-year.

Dennis O’Carroll, Founder and CEO of Greenlight Distribution, said, “We are very pleased with our growth in 2021 and expect this trend to continue through 2022, even though the hydroponics market has slowed significantly. Our strategy of building lasting personal relationships with commercial cannabis growers has proven successful for us and for growers as the industry grows. For 2022, we expect continued revenue growth of over 500% with corresponding earnings growth. »

Greenlight Distribution’s business model is the catalyst for growth. The company offers everything a commercial cannabis grower needs to be successful, including some of the best brands, proven products, the best warranties and service in the industry, and equipment financing. The company’s exclusive focus on the cannabis industry allows it to understand the specific needs of grow businesses.

The company’s suppliers deliver grow equipment directly to Greenlight Distribution’s customers. This allows Greenlight Distribution to keep overhead costs low and pass the savings on to its growers.

Greenlight Distribution introduced popular new services in 2021 including Greenlight DIRECT, a consumable subscription service that automatically delivers nutrients and growing media to growers each month.

In addition, the company’s partnerships with Suite 420 Solutions and Suite 420 Access allow commercial growers to obtain financing at favorable rates. Suite 420 Solutions, one of the cannabis industry’s premier direct lenders, provides debt financing to drive growth and valuation while enabling owner-entrepreneurs to retain maximum ownership and profit. Suite 420 Access provides capital to minority-owned cannabis businesses, enabling entrepreneurs to retain ownership, maximize profits, and positively impact their communities, while removing systemic barriers to the cannabis industry .
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Scott A. Biggs
Distribution of the green light
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