{"id":950141,"date":"2026-04-09T07:27:56","date_gmt":"2026-04-09T11:27:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-completes-divestiture-of-hawthorne-subsidiary\/"},"modified":"2026-04-09T07:27:56","modified_gmt":"2026-04-09T11:27:56","slug":"scottsmiracle-gro-completes-divestiture-of-hawthorne-subsidiary","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-completes-divestiture-of-hawthorne-subsidiary\/","title":{"rendered":"ScottsMiracle-Gro Completes Divestiture of Hawthorne Subsidiary"},"content":{"rendered":"<h2>\nSale to Vireo Growth enhances focus on North American consumer lawn and garden business<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">MARYSVILLE, Ohio, April  09, 2026  (GLOBE NEWSWIRE) &#8212; The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, today announced that it has completed the sale of its subsidiary The Hawthorne Gardening Company to Vireo Growth, Inc.<\/p>\n<p align=\"justify\">Hawthorne was acquired by Vireo Growth (CSE: VREO; OTCQX: VREOF) in exchange for Vireo shares that are being held by an independent strategic partner and will be reported in the Company\u2019s financial statements among its other investments. The Company also reaffirmed its fiscal 2026 guidance, as the divestiture does not impact the full-year outlook.<\/p>\n<p align=\"justify\">\u201cThe divestiture of Hawthorne demonstrates further progress toward our strategy to drive long-term growth in our core lawn and garden business,\u201d said Jim Hagedorn, chairman and CEO. \u201cWe are focused on making sustained investments to deliver operational efficiencies and groundbreaking innovation while engaging consumers in powerful ways. Additionally, the exclusion of Hawthorne will contribute to our margin recovery and other full-year targets.<\/p>\n<p align=\"justify\">\u201cAt the same time, we\u2019ve found a good home for Hawthorne that will preserve its upside potential and create opportunities to recapture value from the Hawthorne-related investments we have made over the years.\u201d<\/p>\n<p align=\"justify\">Vireo is a licensed operator with a multi-state operating footprint in 10 states, including the largest cannabis markets of California, Florida and New York, with 166 dispensaries and increased capacity for its cannabis cultivation and production.<\/p>\n<p align=\"justify\">In connection with the transaction, Vireo has nominated Chris Hagedorn, executive vice president of ScottsMiracle-Gro who has also led the Hawthorne business, for election to its Board of Directors. Upon his successful election, Vireo intends to form a new strategic growth committee that would be chaired by Chris Hagedorn. He is expected to assume an active role working closely with John Mazarakis, Vireo&#8217;s co-executive chairman and CEO, on the development of growth initiatives.\u00a0 \u201cVireo has a bold vision for its consumer brands in the cannabis space and for Hawthorne in cultivation supply,\u201d Chris Hagedorn said. \u201cIt has strong leadership and a solid balance sheet to see that vision through, and I look forward to working with the team to help shape future strategies.\u201d<\/p>\n<p align=\"justify\">In anticipation of the divestiture, the Company classified its results of operations to reflect the Hawthorne business as a discontinued operation effective in its first quarter of fiscal 2026. The Company also provided additional historical financial results reflecting the Hawthorne business as a discontinued operation for each of the quarterly and annual periods comprising fiscal 2024 and 2025. The recast results can be found under the Company\u2019s SEC filings at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=TJYnA-NTRLXu1GvmoAesUudU7PJgU2xy8JrYC5bVVpOHXwkRwUJhiwgEu9WfytYo6Fdo-YJX6SerB6qK6pHq8ncXnaFSYtRRT6D5ygbm4vs=\" rel=\"nofollow\" target=\"_blank\"><u>investor.scotts.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Financial and Legal Advisors<\/strong>\n      <\/p>\n<p align=\"justify\">Among other advisors to ScottsMiracle-Gro on the Hawthorne transaction, Moelis &amp; Company LLC acted as financial advisor; Skadden, Arps, Slate, Meagher &amp; Flom LLP acted as lead deal counsel; and Torys LLP acted as Canadian counsel.<\/p>\n<p align=\"justify\">\n        <strong>About ScottsMiracle-Gro<\/strong>\n      <\/p>\n<p align=\"justify\">With approximately $3.4 billion in sales, the Company is the leading marketer of branded consumer lawn and garden products in North America. The Company\u2019s brands are among the most recognized in the industry. The Company\u2019s Scotts\u00ae, Miracle-Gro\u00ae, Ortho\u00ae and Tomcat\u00ae brands are market-leading in their categories. For additional information, visit us at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fePfdWlGGecub1hMAn2xyPDvzRHVtJ5ftBl0jY4iRDFDizzLwtk7h5BBoR3JVh18i0WEQideF0lzQXdTeNfHB8h3SHFImaHIEPXbMbnF7lPKLD5q_3KrAe-Upw6EtHQ3\" rel=\"nofollow\" target=\"_blank\"><u>www.scottsmiraclegro.com<\/u><\/a>.<\/p>\n<p align=\"left\">\n        <strong>For investor inquiries:<\/strong><br \/>\n        <br \/>Brad Chelton<br \/>Vice President Treasury, Tax and Investor Relations<br \/>brad.chelton@scotts.com<br \/>(937) 309-2503<\/p>\n<p align=\"left\">\n        <strong>For media inquiries:<\/strong><br \/>\n        <br \/>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=OTY4NjY0MSM3NTI2MDMyIzIwMDQxMTA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NzZlOTRkNTYtODVjMi00NjVhLTlmYzAtOTE4NjY0YzIwZTdmLTEwMTU2ODMtMjAyNi0wNC0wOS1lbg==\/tiny\/Scotts-Miracle-Gro-Company-The.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sale to Vireo Growth enhances focus on North American consumer lawn and garden business MARYSVILLE, Ohio, April 09, 2026 (GLOBE NEWSWIRE) &#8212; The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, today announced that it has completed the sale of its subsidiary The Hawthorne Gardening Company to Vireo Growth, Inc. Hawthorne was acquired by Vireo Growth (CSE: VREO; OTCQX: VREOF) in exchange for Vireo shares that are being held by an independent strategic partner and will be reported in the Company\u2019s financial statements among its other investments. The Company also reaffirmed its fiscal 2026 guidance, as the divestiture does not impact the full-year outlook. \u201cThe divestiture of Hawthorne demonstrates further &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-completes-divestiture-of-hawthorne-subsidiary\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ScottsMiracle-Gro Completes Divestiture of Hawthorne Subsidiary&#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-950141","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ScottsMiracle-Gro Completes Divestiture of Hawthorne Subsidiary - 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-completes-divestiture-of-hawthorne-subsidiary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ScottsMiracle-Gro Completes Divestiture of Hawthorne Subsidiary - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Sale to Vireo Growth enhances focus on North American consumer lawn and garden business MARYSVILLE, Ohio, April 09, 2026 (GLOBE NEWSWIRE) &#8212; The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, today announced that it has completed the sale of its subsidiary The Hawthorne Gardening Company to Vireo Growth, Inc. Hawthorne was acquired by Vireo Growth (CSE: VREO; OTCQX: VREOF) in exchange for Vireo shares that are being held by an independent strategic partner and will be reported in the Company\u2019s financial statements among its other investments. The Company also reaffirmed its fiscal 2026 guidance, as the divestiture does not impact the full-year outlook. \u201cThe divestiture of Hawthorne demonstrates further &hellip; Continue reading &quot;ScottsMiracle-Gro Completes Divestiture of Hawthorne Subsidiary&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-completes-divestiture-of-hawthorne-subsidiary\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-09T11:27:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY4NjY0MSM3NTI2MDMyIzIwMDQxMTA=\" \/>\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-completes-divestiture-of-hawthorne-subsidiary\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottsmiracle-gro-completes-divestiture-of-hawthorne-subsidiary\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ScottsMiracle-Gro Completes Divestiture of Hawthorne Subsidiary\",\"datePublished\":\"2026-04-09T11:27:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottsmiracle-gro-completes-divestiture-of-hawthorne-subsidiary\\\/\"},\"wordCount\":566,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottsmiracle-gro-completes-divestiture-of-hawthorne-subsidiary\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTY4NjY0MSM3NTI2MDMyIzIwMDQxMTA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottsmiracle-gro-completes-divestiture-of-hawthorne-subsidiary\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottsmiracle-gro-completes-divestiture-of-hawthorne-subsidiary\\\/\",\"name\":\"ScottsMiracle-Gro Completes Divestiture of Hawthorne Subsidiary - 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Hawthorne was acquired by Vireo Growth (CSE: VREO; OTCQX: VREOF) in exchange for Vireo shares that are being held by an independent strategic partner and will be reported in the Company\u2019s financial statements among its other investments. The Company also reaffirmed its fiscal 2026 guidance, as the divestiture does not impact the full-year outlook. \u201cThe divestiture of Hawthorne demonstrates further &hellip; Continue reading \"ScottsMiracle-Gro Completes Divestiture of Hawthorne Subsidiary\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-completes-divestiture-of-hawthorne-subsidiary\/","og_site_name":"Market Newsdesk","article_published_time":"2026-04-09T11:27:56+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY4NjY0MSM3NTI2MDMyIzIwMDQxMTA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-completes-divestiture-of-hawthorne-subsidiary\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-completes-divestiture-of-hawthorne-subsidiary\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"ScottsMiracle-Gro Completes Divestiture of Hawthorne Subsidiary","datePublished":"2026-04-09T11:27:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-completes-divestiture-of-hawthorne-subsidiary\/"},"wordCount":566,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-completes-divestiture-of-hawthorne-subsidiary\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY4NjY0MSM3NTI2MDMyIzIwMDQxMTA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-completes-divestiture-of-hawthorne-subsidiary\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-completes-divestiture-of-hawthorne-subsidiary\/","name":"ScottsMiracle-Gro Completes Divestiture of Hawthorne Subsidiary - 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