FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Stiefel Sean
2. Date of Event Requiring Statement (Month/Day/Year)
11/25/2019
3. Issuer Name and Ticker or Trading Symbol
GrowGeneration Corp. [GRWG]
(Last)
(First)
(Middle)
747 THIRD AVENUE, 35TH FLOOR
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10017
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 752,546
I
See Footnote 1
Common Stock 193,548
I
See Footnote 1

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants 06/04/2019 06/04/2022 Common Stock 112,903 $ 3.5 I See Footnote (1)
Warrants 06/04/2019 06/04/2022 Common Stock 96,774 $ 3.5 I See Footnote (2)
Warrants 05/09/2018 05/09/2021 Common Stock 166,667 $ 0.35 I See Footnote (1)
Common Stock Option 01/04/2018 01/03/2023 Common Stock 16,666 $ 3.35 D (3)  
Common Stock Option 01/04/2019 01/03/2023 Common Stock 16,667 $ 3.35 D (3)  
Common Stock Option 01/04/2020 01/03/2023 Common Stock 16,667 $ 3.35 D (3)  
Common Stock Option 10/23/2018 10/22/2023 Common Stock 8,333 $ 3.59 D (3)  
Common Stock Option 10/23/2019 10/22/2023 Common Stock 8,333 $ 3.59 D (3)  
Common Stock Option 10/23/2020 10/22/2023 Common Stock 8,334 $ 3.59 D (3)  
Common Stock Option 03/26/2019 03/25/2024 Common Stock 16,667 $ 2.96 D (3)  
Common Stock Option 03/26/2020 03/25/2024 Common Stock 16,667 $ 2.96 D (3)  
Common Stock Option 03/26/2021 03/25/2024 Common Stock 16,666 $ 2.96 D (3)  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Stiefel Sean
747 THIRD AVENUE, 35TH FLOOR
NEW YORK, NY 10017
  X      

Signatures

/s/ Sean Stiefel 11/25/2019
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Sean Stiefel is a manager and Chief Executive Officer of Navy Capital Green Management, LLC ("NCG") and a manager of Navy Capital Green Management Partners, LLC ("NCGMP") and Navy Capital Green Co-Invest Partner, LLC ("NCGCP") NCGMP is the general partner of Navy Capital Green Fund, LP ("the Fund") NCGMP is the managing member of Navy Capital Green Co-Investment Fund, LLC (the Co-Invest Fund"). NCG is the investment manager of the Fund and the Co-Invest Fund. This amount reflects the amount of securities held by the Fund.
(2) This amount reflects the amount of securities held by the Co-Invest Fund
(3) This amount reflects the amount of securities held by Sean Stiefel directly.

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