Hydrofarm Clears $1; Traders Still Wary Over Debt Signal
Hydrofarm Holdings closed at $1.02 in late trading Monday, with about 15,400 shares changing hands. The company remains under lender forbearance after missing a $2.8 million interest payment and warned of “substantial doubt” about its ability to continue as a going concern. Net sales fell to $28.5 million last quarter, with net loss widening to $14.6 million.
