GrowGeneration Corp. was removed from several prominent Russell Indexes, including the Russell Microcap Growth Index, Russell 3000 Index, Russell 2000 Index, and Russell 2500 Index. This broad removal impacts the company's inclusion in various market benchmarks.
The exclusion from these indexes can lead to a decrease in demand for the company's stock from passive index funds that track these benchmarks. Such funds are typically required to sell shares of companies that are no longer part of their respective indexes.
This event may result in reduced institutional investor visibility and potentially affect the stock's liquidity. The removal from these widely followed indexes reflects a change in the company's market capitalization or growth characteristics as assessed by FTSE Russell.
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