Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is a rapidly expanding specialty retailer of natural and organic groceries and dietary supplements whose products meet strict quality guidelines. As of March 31, 2025, Natural Grocers operates approximately 169 stores in 21 U.S. states, with plans to open between 4 and 6 new stores in 2025 and relocate or remodel between two and four stores. Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business. Over the next five years, the metro is projected to add roughly 37,000 new residents.