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iPower, Inc. (IPW)

Stock Price: $7.11 USD -0.19 (-2.60%)
Updated Jun 23, 2021 4:00 PM EDT - Market closed
iPower, Inc.
Country United States
Founded 2018
IPO Date May 12, 2021
Industry Retail-building Materials
Sector Agricultural Technology
Employees 26
CEO Chenlong Tan

Contact Details

Address:2399 Bateman Avenue
Duarte, CA 91010
United States
Phone (626) 863-7344
Websitemeetipower.com

Stock Information

Ticker Symbol IPW
Exchange NASDAQ
Fiscal Year July - June
Reporting Currency US Dollars
IPO Price $5.00
CIK Code 1830072
Employer ID 82-5144171

Company Description

iPower, Inc. (formerly, BZRTH, Inc.) was formed in April of 2018. We believe we are one of the largest online hydroponic equipment suppliers in the United States.

We own and operate the retail website www.zenhydro.com where we sell more than 23,000 stock keeping units (“SKUs”) and multiple best-selling products which enable our customers to grow vegetables, fruits and flowers, and other plants, including cannabis.

The Company leases more than 72,000 square feet of floor area space across our two fulfillment centers just outside of Los Angeles, California. In addition to our website, iPower sells its products through third party distribution channels including Amazon, eBay and Walmart.

Our private label products, marketed under the iPower™ and Simple Deluxe™ brands, include HVAC exhaust blowers, CFM duct inline fans with carbon filters and hydroponic water-resistant grow tents, grow light systems, trimming machines, pumps and many more hydroponic-related items; some of which have been designated as Amazon best seller product leaders.

We currently offer approximately 3,000 proprietary, private label products to consumers. In addition to our private label products, we also carry more than 400 brands manufactured by third party vendors.

We do not have any long-term distribution agreements with these vendors.

Key Executives

NamePosition
Chenlong TanChairman, CEO, President, Interim CFO and Director
Kevin VassilyChief Financial Officer
Allan HuangDirector
Bennet TchaikovskyIndependent Director
Danilo CacciamattaIndependent Director
Kevin LilesIndependent Director