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Scotts Miracle-Gro Marijuana-Focused Subsidiary Sales Decline 28%, CEO Confirms Deal In Works With RIV Capital

Benzinga ·  May 2 09:19

The Scotts Miracle-Gro Company(NYSE:SMG) announced its financial results Wednesday for thesecond quarterended March 30, 2024, withsales reaching $1.53 billion, in line with sales in the same period of 2023.

The report contains the results of itssubsidiary Hawthorne Gardening Company, a provider of nutrients, lighting, and other materials used in the indoor and hydroponic segment that includes cannabis cultivation.

"Through the first six months of our fiscal year, we exceeded operating plan targets and made progress on the most important financial metrics driving our business," statedJimHagedorn, chairman, CEO and president. "We're in a favorable position...

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