{"id":836350,"date":"2025-04-10T16:17:12","date_gmt":"2025-04-10T20:17:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-continues-to-advance-consumer-and-cannabis-strategies\/"},"modified":"2025-04-10T16:17:12","modified_gmt":"2025-04-10T20:17:12","slug":"scottsmiracle-gro-continues-to-advance-consumer-and-cannabis-strategies","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-continues-to-advance-consumer-and-cannabis-strategies\/","title":{"rendered":"ScottsMiracle-Gro Continues to Advance Consumer and Cannabis Strategies"},"content":{"rendered":"<h2>\nTransfer of Hawthorne Collective reflects focus on separating cannabis holdings and driving greater growth in core lawn and garden business<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">MARYSVILLE, Ohio, April  10, 2025  (GLOBE NEWSWIRE) &#8212; The Scotts Miracle-Gro Company (NYSE: SMG), the world\u2019s leading marketer of branded consumer lawn and garden products as well as a leader in indoor and hydroponic growing products, today announced the transfer of its wholly-owned subsidiary, The Hawthorne Collective, Inc., to an independent strategic partner.<\/p>\n<p>The Company created The Hawthorne Collective in 2021 as a vehicle to invest in areas of the cannabis industry that are not pursued by its Hawthorne Gardening Company subsidiary, a leader in cultivation supplies such as lighting, nutrients and other materials for cannabis growers and hydroponic cultivators. Included within The Hawthorne Collective\u2019s holdings are investments in Fluent, previously Cansortium, a vertically integrated cannabis company with licenses and operations in Florida, Pennsylvania, Texas and New York.<\/p>\n<p>\u201cThe Hawthorne Collective transaction is the initial step in our plan to move our cannabis-adjacent subsidiaries into a separate and independent company as we further our strategic focus on our core lawn and garden business,\u201d said Jim Hagedorn, chairman and CEO of ScottsMiracle-Gro. \u201cFor our shareholders, this will reduce the impact of the cannabis sector\u2019s volatility on our Company\u2019s stock and provide opportunities to drive meaningful and immediate value creation through increased investments in our consumer business. As we further advance this plan, we next will look to separate The Hawthorne Gardening Company from ScottsMiracle-Gro by the close of fiscal 2025.<\/p>\n<p>\u201cThe Hawthorne companies were intended to capitalize on the legal cannabis sector, but the ability to achieve sustained growth within this industry has been challenged by four years of unkept promises resulting in total inaction at the federal level on cannabis-related issues. President Trump has supported a range of much-needed reforms, from rescheduling cannabis to adoption of the SAFER Banking Act. The actions he has endorsed would accelerate industry growth and increase the value of these investments. Until they become a reality, we believe the Hawthorne companies can be a greater asset within an independent cannabis-dedicated entity, specifically one in which our cultivation supply business can partner with a multi-state operator or leading cannabis brands.\u201d<\/p>\n<p>Under terms of the deal, ScottsMiracle-Gro transferred The Hawthorne Collective to the strategic partner in exchange for an interest-bearing promissory note. The Company retains an option to reacquire The Hawthorne Collective or its assets should cannabis legalization and other measures to positively impact the industry be approved at the federal level.<\/p>\n<p>\n        <strong><br \/>\n          <u>About ScottsMiracle-Gro<\/u><br \/>\n        <\/strong><br \/>\n        <br \/>With approximately $3.6 billion in sales, the Company is the world\u2019s largest marketer of branded consumer products for lawn and garden care. The Company\u2019s brands are among the most recognized in the industry. The Company\u2019s Scotts\u00ae, Miracle-Gro\u00ae, and Ortho\u00ae brands are market-leading in their categories. The Company\u2019s wholly-owned subsidiary, The Hawthorne Gardening Company, is a leading provider of nutrients, lighting and other materials used in the indoor and hydroponic growing segment. For additional information, visit us at www.scottsmiraclegro.com.<\/p>\n<p>\n        <strong>For investor inquiries:<\/strong>\n      <\/p>\n<p>Brad Chelton<br \/>Vice President<br \/>Treasury, Tax and Investor Relations<br \/>brad.chelton@scotts.com<br \/>(937) 309-2503<\/p>\n<p>\n        <strong>For media inquiries:<\/strong>\n      <\/p>\n<p>Tom Matthews<br \/>Chief Communications Officer<br \/>tom.matthews@scotts.com<br \/>(937) 844-3864<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQyMDU4NiM2ODYxNTMyIzIwMDQxMTA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZGU0NzA0MjAtMjQwOS00ZmMxLWI3YzUtZjc5YTIxNGMxYzAwLTEwMTU2ODMtMjAyNS0wNC0xMC1lbg==\/tiny\/Scotts-Miracle-Gro-Company-The.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Transfer of Hawthorne Collective reflects focus on separating cannabis holdings and driving greater growth in core lawn and garden business MARYSVILLE, Ohio, April 10, 2025 (GLOBE NEWSWIRE) &#8212; The Scotts Miracle-Gro Company (NYSE: SMG), the world\u2019s leading marketer of branded consumer lawn and garden products as well as a leader in indoor and hydroponic growing products, today announced the transfer of its wholly-owned subsidiary, The Hawthorne Collective, Inc., to an independent strategic partner. The Company created The Hawthorne Collective in 2021 as a vehicle to invest in areas of the cannabis industry that are not pursued by its Hawthorne Gardening Company subsidiary, a leader in cultivation supplies such as lighting, nutrients and other materials for cannabis growers and hydroponic cultivators. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-continues-to-advance-consumer-and-cannabis-strategies\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ScottsMiracle-Gro Continues to Advance Consumer and Cannabis Strategies&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-836350","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ScottsMiracle-Gro Continues to Advance Consumer and Cannabis Strategies - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-continues-to-advance-consumer-and-cannabis-strategies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ScottsMiracle-Gro Continues to Advance Consumer and Cannabis Strategies - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Transfer of Hawthorne Collective reflects focus on separating cannabis holdings and driving greater growth in core lawn and garden business MARYSVILLE, Ohio, April 10, 2025 (GLOBE NEWSWIRE) &#8212; The Scotts Miracle-Gro Company (NYSE: SMG), the world\u2019s leading marketer of branded consumer lawn and garden products as well as a leader in indoor and hydroponic growing products, today announced the transfer of its wholly-owned subsidiary, The Hawthorne Collective, Inc., to an independent strategic partner. The Company created The Hawthorne Collective in 2021 as a vehicle to invest in areas of the cannabis industry that are not pursued by its Hawthorne Gardening Company subsidiary, a leader in cultivation supplies such as lighting, nutrients and other materials for cannabis growers and hydroponic cultivators. &hellip; Continue reading &quot;ScottsMiracle-Gro Continues to Advance Consumer and Cannabis Strategies&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-continues-to-advance-consumer-and-cannabis-strategies\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-10T20:17:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQyMDU4NiM2ODYxNTMyIzIwMDQxMTA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottsmiracle-gro-continues-to-advance-consumer-and-cannabis-strategies\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottsmiracle-gro-continues-to-advance-consumer-and-cannabis-strategies\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ScottsMiracle-Gro Continues to Advance Consumer and Cannabis Strategies\",\"datePublished\":\"2025-04-10T20:17:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottsmiracle-gro-continues-to-advance-consumer-and-cannabis-strategies\\\/\"},\"wordCount\":533,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottsmiracle-gro-continues-to-advance-consumer-and-cannabis-strategies\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQyMDU4NiM2ODYxNTMyIzIwMDQxMTA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottsmiracle-gro-continues-to-advance-consumer-and-cannabis-strategies\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottsmiracle-gro-continues-to-advance-consumer-and-cannabis-strategies\\\/\",\"name\":\"ScottsMiracle-Gro Continues to Advance Consumer and Cannabis Strategies - 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