The Scotts Miracle-Gro Company Completes Divestiture of Hawthorne Subsidiary

The Scotts Miracle-Gro Company has completed the sale of its subsidiary, The Hawthorne Gardening Company, to Vireo Growth, Inc. The transaction involved Vireo shares and warrants, with Hawthorne providing nutrients, lighting, and materials for indoor and hydroponic gardening. This divestiture aligns with Scotts Miracle-Gro's strategy to focus on its core North American consumer lawn and garden business. The company has classified Hawthorne's results as a discontinued operation since its first quarter of fiscal 2026. The sale is not expected to impact the full-year fiscal 2026 guidance, and it is anticipated to contribute to margin recovery and other financial targets. Chris Hagedorn, executive vice president of Scotts Miracle-Gro, has been nominated for Vireo's Board of Directors and is expected to play a key role in developing growth initiatives.