Hydrofarm Appoints Chris Yetter to Board, Susan Peters to Retire.

Hydrofarm Holdings Group has announced changes to its Board of Directors. Chris Yetter has been appointed to serve on the board and the Compensation Committee, effective October 1, 2025. Susan P. Peters has notified the company of her intention to retire and tendered her resignation from the board, also effective October 1, 2025. Peters' resignation was not due to any disagreement with the company.

Hydrofarm Holdings Group, Inc. (Nasdaq: HYFM), a leading manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture (CEA), has announced significant changes to its Board of Directors. Effective October 1, 2025, Chris Yetter has been appointed to serve on the Board and its Compensation Committee. Concurrently, Susan P. Peters has notified the company of her intention to retire and has tendered her resignation from the Board, also effective October 1, 2025. Peters' resignation was not due to any disagreement with the company.

Chris Yetter, Founder and Chief Investment Officer of Dumont Global, a private investment partnership and affiliate of Dumont Master Fund LP, a long-standing stockholder of the Company, has extensive experience as a professional investor in public companies focused on health and wellness, including a significant portfolio in the U.S. regulated cannabis industry. He also serves as a director for Minneapolis Cider Co. (d.b.a. Trail Magic), a producer of cider and hemp-derived beverages. Bill Toler, Executive Chairman of the Board, expressed gratitude for Peters' contributions over the past five years and welcomed Yetter's investment background and industry expertise.

Hydrofarm Holdings Group has been facing challenges in recent quarters, with net sales declining and net losses widening. However, the company has initiated a restructuring plan expected to deliver over $3 million in annual cost savings. The plan includes optimizing the product portfolio, focusing on underperforming distributed brands, and right-sizing the manufacturing footprint. Despite these challenges, Hydrofarm maintains a focus on driving high-quality revenue streams, improving profitability, and strengthening its financial position.

The changes to the Board come as the company prepares to release its second quarter 2025 earnings results, scheduled for August 12, 2025. Investors can access the conference call by dialing 1-800-445-7795 with conference ID: HYFMQ2, or via webcast on the company's investor relations website at www.hydrofarm.com.