Company has Raised in Excess of $130 Million in Capital Since November 2020Continues to Seek Out High Quality Assets Within the Omni-Channel Space Across Hydroponics, Specialty Gardening and Controlled Environment Agriculture (CEA)

PALM BEACH, Fla.–Hydrobuilder Holdings LLC (“Hydrobuilder Holdings” or “the Company”), a leading omni-channel platform of specialty agriculture and hydroponics equipment and supplies, operating in the broader CEA industry, today announced that it has completed a $60 million private placement financing, including over-allotments, bringing total capital raised since November 2020 to over $130 million, excluding seller roll-over equity. The Company intends to use substantially all of the proceeds from this offering, together with existing cash and cash equivalents, primarily for financing potential future acquisitions, general working capital and other corporate purposes. The funding accelerates the Company’s vision to be the leading omni-channel platform in hydroponics, specialty gardening and CEA.

SternAegis Ventures acted as the exclusive placement agent for this offering.

“We have been moving quickly to realize our vision of a truly omni-channel platform providing exceptional service and selection for our customers whenever and wherever they shop,” said Markus Hockenson, CEO of Hydrobuilder Holdings. “This latest funding round validates our strategy of integrating best-in-class businesses and operators into our platform and strengthens our ability to execute on multiple areas for growth in this very dynamic and exciting industry. Our focus remains on evaluating high-quality acquisition opportunities within hydroponics, specialty gardening and CEA, developing distribution centers and stores outside of our current service area, expanding our strong commercial business, and investing in our technology and eCommerce backbone to unlock tremendous value within this rapidly growing industry.”

The offer and sale of the foregoing securities were made in a transaction not involving a public offering and have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws. Accordingly, the securities may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state.

About Hydrobuilder Holdings LLC

Hydrobuilder Holdings is the second largest omni-channel platform of specialty agriculture and hydroponics equipment and supplies in the United States, serving commercial and hobbyist growers of agricultural products through its online, retail and warehouse direct channels. The Company was formed in October 2020 and since then has acquired and is integrating three companies that are each market leaders across different sales channels: GreenCoast, the nation’s second largest hydroponics retailer (acquired in December 2020); Hydrobuilder.com, a leading online retailer of hydroponics and horticultural supplies (acquired in December 2020); and Elevated, a full-service equipment and supplies provider (acquired in February 2021).

About SternAegis Ventures

SternAegis Ventures is the management team within Aegis Capital Corp. that is responsible for venture capital and private equity financing. Aegis Capital Corp. is a registered Broker/Dealer and a member of FINRA/SIPC.

Contacts

Media
Cory Ziskind
ICR
646-277-1232
Cory.Ziskind@icrinc.com

Investors
Raphael Gross
ICR
203-682-8253
Raphael.Gross@icrinc.com

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