UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 14, 2019
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AeroGrow International, Inc. |
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(Exact name of registrant as specified in charter) |
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Delaware |
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(State or other jurisdiction of incorporation) |
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001-33531 |
46-0510685 |
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(Commission File Number) |
(IRS Employee Identification No.) |
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5405 Spine Rd, Boulder, Colorado |
80301 |
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(Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number, including area code: (303) 444-7755
Not Applicable
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(Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(g) of the Act:
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Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
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Common Stock, par value $0.001 per share |
AERO |
OTCQB |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1934 (§240.12b-2 of this chapter) Emerging growth company ☐. |
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ |
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Item 7.01. Regulation FD Disclosure.
On November 14, 2019, AeroGrow International, Inc. (the “Company”) issued a press release on the Company’s new grow anything appliance. A copy of press release on the Company’s new grow anything appliance, is furnished as Exhibit 99.1 to this report.
The information contained in this Item 7.01 and in Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, and shall not be deemed incorporated by reference in any filing with the Securities and Exchange Commission under the Securities Exchange Act of 1934 or the Securities Act of 1933, whether made before or after the date hereof and irrespective of any general incorporation language in any filings.
Item 9.01 Financial Statements and Exhibits.
Exhibits. The following exhibit is furnished with this Form 8-K:
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Exhibit Number |
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Description |
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99.1 |
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Press Release Issued by AeroGrow International, Inc. on November 14, 2019. |
Portions of this report may constitute “forward-looking statements” as defined by federal law. Although the Company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Litigation Reform Act of 1995. Additional information about issues that could lead to material changes in the Company’s performance is contained in the Company’s filings with the Securities and Exchange Commission.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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AeroGrow International, Inc. |
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(Registrant) |
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Date: November 14, 2019 |
By: |
/s/ Grey H. Gibbs |
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Grey H. Gibbs Principal Accounting Officer |
EXHIBIT INDEX
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Exhibit Number |
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Description |
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99.1 |
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Press Release Issued by AeroGrow International, Inc. on November 14, 2019. |
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Exhibit 99.1
AeroGrow Announces the Launch of its All New “Grow Anything” Appliance
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Refrigerator-sized appliance will maximize yields for a wide variety of plants |
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Artificial Intelligence drives on-board plant computer for precise environmental control – leading to consistent quality and quantity of crop output |
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Sets the standard in the nascent appliance-sized home-growing systems category |
Boulder, CO - (November 14, 2019) - AeroGrow International, Inc. (OTCQB: AERO) ("AeroGrow" or “the Company"), the manufacturer and distributor of AeroGardens - the world’s leading family of In-Home Garden Systems™ – announced today the launch of its largest and most innovative product to date.
Last week, AeorGrow’s Board of Directors formally approved making the final capital expenditures required to tool, complete the software development and begin manufacturing this new addition to AeroGrow’s product portfolio. As a result, in the coming months AeroGrow will be bringing to market its most ambitious home gardening innovation yet – the “Grow Anything” Appliance, a fully automated and self-contained indoor gardening system. The Grow Anything Appliance will revolutionize in-home-growing with the world’s first and most advanced on-board plant computer, accessible both on the device and through a proprietary app.
Using community-based, plant-specific recipes and advanced-system artificial intelligence, the refrigerator-sized appliance monitors and adjusts all key environmental factors – light, temperature, humidity, water quality and nutrient levels – to maximize growth and output for any variety of plant at every stage of growth. The product also features a highly effective LED grow light system designed to optimize plant growth at all stages, a nutrient auto-dosing system, an automated plant drying/curing cycle, and even an on-board camera to remotely monitor growth and plant health.
The Grow Anything Appliance, which is planned to be marketed under the Botanicare brand, has been four years in the making through a rigorous Research & Development process. Prototype units have been growing throughout the Company’s home state of Colorado for the past year with impressive results – both in terms of quality and quantity of crop output. The product will be manufactured by the Company’s proven manufacturing partners, with the first products set to be available in the market during the first half of 2020.
“We believe our Grow Anything appliance will be the most advanced indoor home-growing device ever launched,” said J. Michael Wolfe, AeroGrow’s President & CEO. “At our core, we’ve always been a product-centric company – and this newest launch truly demonstrates our commitment to innovative R&D, design functionality and plant growing efficacy. Moreover, as the name implies, it truly allows users to grow anything they want…and to do it in a way that is sure to produce exceptional crops time and again.
“The large plant Grow Anything appliance is the first step for AeroGrow into the rapidly growing space of fully automated, appliance sized home-growing systems – a market we’ve sized at well over a billion dollars world-wide and one we plan to pursue vigorously.”