Vireo Growth to Acquire ScottsMiracle-Gro’s Hawthorne Unit in Share-Based Deal
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Vireo Growth ( (TSE:VREO) ) has issued an update.
Vireo Growth Inc. has entered into a non-binding memorandum of understanding with The Scotts Miracle-Gro Company to acquire its Hawthorne Gardening Company subsidiary, a leading North American supplier of nutrients, lighting and other inputs for indoor and hydroponic gardening, in an all-share transaction targeted for completion in the first fiscal quarter of 2026. As part of the planned deal, Vireo intends to appoint Hawthorne executive lead Chris Hagedorn to its board, deepening its strategic relationship with ScottsMiracle-Gro, which is shifting to an equity participation model in cannabis; the move is expected to strengthen Vireo’s positioning as a well-capitalized contender in the cannabis supply chain while allowing ScottsMiracle-Gro to refocus on its core business.
More about Vireo Growth
Founded in 2014 as a pioneering medical cannabis company, Vireo Growth Inc. operates a disciplined, execution-focused platform in the cannabis industry, combining intense local market focus with the advantages of a national portfolio. The company emphasizes hiring industry leaders and deploying capital and talent where it can drive the most value, serving customers, employees, shareholders, industry partners, and local communities across its operating footprint.
Average Trading Volume: 88,452
Technical Sentiment Signal: Sell
Current Market Cap: C$724M
See more data about VREO stock on TipRanks’ Stock Analysis page.
