1847 Holdings Engages Ladenburg Thalmann to Assist in Acquisition of Hydroponics Supply Retailer

NEW YORK, Feb. 25, 2020 (GLOBE NEWSWIRE) — 1847 Holdings LLC (OTC: EFSH), a publicly traded holding company platform that combines the attractive attributes of private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, engaged Ladenburg Thalmann & Co. Inc. to assist in identifying a portion of the financing needed to complete its previously announced proposed acquisition of a multi-state retail hydroponic supply operation by its newly formed subsidiary, 1847 Hydroponic, Inc.
“Acquiring a hydroponic supply retail operation provides 1847 an opportunity to participate in the high-growth hemp and cannabis market without touching the plant or incurring the burdensome regulatory requirements and challenges of traditional cannabis operations focused on cultivation and end-product sales,” stated Ellery W. Roberts, founder and chief executive officer of 1847. “Given that the only public comp that we are aware of, GrowGeneration, which trades on NASDAQ, trades for more than 20 times its trailing 12-month EBITDA, we are excited to have the opportunity to acquire a retail operation with meaningful sales and what we believe to be markedly more attractive unit economics for six times trailing 12-month EBITDA.  Given my experience with high-growth retail opportunities when I was a partner at Saunders Karp & Megrue, such as Teavana, which grew from 17 stores in 2003 to 180 stores when the company completed its IPO in 2011, I believe the unit economics of our target, combined with the growing demand for the products sold by the company, present a unique situation and opportunity for similar growth.”The hydroponics systems market is projected to grow at CAGR of 12.1% over the next six years, from $8.1 billion in 2019 to $16 billion in 2025, according to analysts at MarketsandMarkets Research.About 1847 Holdings LLC1847 Holdings LLC (OTC: EFSH) is a publicly traded partnership that combines the most attractive attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company.  1847 Holdings seeks to generate returns for shareholders in the future through consistent, annual distributions of operating subsidiary income and capital appreciation resulting from the timely sale of operating subsidiaries.Forward-Looking StatementsThis press release may contain information about 1847 Holding’s view of its future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on our management’s beliefs, assumptions and expectations of our future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact.  Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause our actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include but are not limited to the risks set forth in “Risk Factors” included in our SEC filings.Contact:Ellery W. Roberts, Founder & CEO
1847 Holdings LLC
Office: 212.417.9800
[email protected]Dave Gentry, CEO
RedChip Companies
Office: 1.800.RED.CHIP (733.2447)
Cell: 407.491.4498
[email protected]
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