Scotts Miracle-Gro (SMG) Expands Cannabis Holdings

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On Tuesday, Scotts Miracle-Gro (SMG) announced that they expect a 40% decline in Q1 sales for its New York-based hydroponics company, Hawthorne Gardening Company. Management points to supply-chain disruptions and a slowdown in the cannabis market as the root cause for this sales dip. But that news didn’t stop Scotts from announcing the acquisitions of two California-based companies to strengthen its hydroponic cannabis-related business.

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