Key Takeaways
- Scotts Miracle-Gro has completed the sale of its subsidiary The Hawthorne Gardening Company to Vireo Growth, Inc. in exchange for Vireo shares held by an independent strategic partner.
- The divestiture allows Scotts Miracle-Gro to focus on its core lawn and garden business while maintaining its fiscal 2026 guidance unchanged.
- Vireo Growth operates 166 dispensaries across 10 states, including major cannabis markets in California, Florida and New York.
- Chris Hagedorn, executive vice president of Scotts Miracle-Gro who led Hawthorne, has been nominated for election to Vireo's Board of Directors.
- The company has reclassified Hawthorne as a discontinued operation effective in its first quarter of fiscal 2026.
Scotts Miracle-Gro Refocuses on Core Business
The Scotts Miracle-Gro Company has completed the sale of The Hawthorne Gardening Company to Vireo Growth, Inc., marking a strategic shift toward its core lawn and garden operations. The Marysville, Ohio-based company exchanged its Hawthorne subsidiary for Vireo shares that will be held by an independent strategic partner and reported among the company's other investments.
“The divestiture of Hawthorne demonstrates further progress toward our strategy to drive long-term growth in our core lawn and garden business,” said Jim Hagedorn, chairman and CEO.
The transaction does not impact the company's fiscal 2026 guidance, and the company expects the exclusion of Hawthorne to contribute to margin recovery and other full-year targets.
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