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Scotts Miracle-Gro Announces Divestiture Plan For Hawthorne; Posts Narrower Q1 Loss
RTTNews· 2026-01-28 20:37
The Scotts Miracle-Gro Company (SMG) announced that it is in advanced discussions for the sale of its Hawthorne subsidiary to Vireo Growth, Inc., with an anticipated closing in the second quarter. Under the proposed terms, Vireo Growth will acquire Hawthorne in exchange for an investment in Vireo and will integrate the cultivation supply into its broader consumer cannabis operations. In conjunction with the pending divestiture, effective in its first quarter of fiscal 2026, the company classified its resul ...