Scotts Miracle-Gro to spin off cannabis arm Hawthorne into separate business

Scotts To Spin Off Hawthorne

MJ Biz The Scotts Miracle-Gro Co. plans to spin off its marijuana unit, Hawthorne Gardening Co., into a stand-alone operation – a move company executives believe will make the entity “more valuable.” That’s an about-face for Scotts CEO Jim Hagedorn, who has said he’d like to retain the division as part of the parent company despite […]

Scotts Miracle-Gro to Separate Cannabis Arm Into Independent Company

The Marijuana Herald - Marijuana news and information Scotts Miracle-Gro Co. is preparing to separate its cannabis-focused subsidiary, Hawthorne Gardening Co., into a fully independent company—a decision executives believe will enhance its financial value. This marks a departure from the previous stance of Scotts CEO Jim Hagedorn, who had favored keeping Hawthorne within the parent company despite the marijuana industry’s instability, according …

Scotts Miracle-Gro aims to break up with Hawthorne as growth prospects dim

Scotts Miracle-Gro Co.'s (NYSE: SMG) leadership team is finally unified behind plans to separate its Hawthorne cannabis unit, with first steps possible within the next couple months, executives announced during a Wednesday earnings call. The decision is a reversal for CEO Jim Hagedorn, who previously defended keeping the now-profitable division within... Please login to read all 498 words.