Scotts Miracle-Gro buys Sunlight to double cannabis-grower sales [MSN Money]
Scotts Miracle-Gro Company (The) (SMG)
Last scotts miracle-gro company (the) earnings: 1/29 07:00 am
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Source: MSN Money
© Bloomberg/Bloomberg Inside A Bonify Grow Facility Amidst Marijuana Frenzy In Canada (Bloomberg) -- Scotts Miracle-Gro Co. agreed to acquire the top U.S. distributor of hydroponics products for $450 million in cash and stock, a transaction that will more than double its sales to cannabis growers. Chief Executive Officer Jim Hagedorn is making the company’s largest-ever transaction as he continues his three-year transformation of Scotts, the largest maker of lawn and garden products, into a force in the cannabis industry. Nine states and the District of Columbia now allow recreational pot use, and the industry is expected to reach $75 billion in sales by 2030 as more legalize marijuana, according to Cowen & Co. Popular Searches Scotts agreed to pay $425 million cash and $25 million in shares for closely held Sunlight Supply Inc., the Marysville, Ohio-based company said in a statement Tuesday. Sunlight will merge into Scotts’ Hawthorne Gard
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News
- Global Organic Fertilizers Market Size To Exceed USD 19.5 Billion By 2033 | CAGR Of 7.01% [Yahoo! Finance]Yahoo! Finance
- The Scotts Miracle-Gro Company Announces Quarterly Dividend PaymentGlobeNewswire
- ScottsMiracle-Gro Partners with Central Ohio Beekeepers Association to Establish Apiary at Corporate Headquarters [Yahoo! Finance]Yahoo! Finance
- ScottsMiracle-Gro Partners with Central Ohio Beekeepers Association to Establish Apiary at Corporate HeadquartersGlobeNewswire
- ScottsMiracle-Gro Announces Timing of Second Quarter 2024 Financial Results and WebcastGlobeNewswire
SMG
Earnings
- 2/7/24 - Beat
SMG
Sec Filings
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- SMG's page on the SEC website