NYSE:SMGChemicals
How Investors Are Reacting To Scotts Miracle-Gro (SMG) Considering Exit From Cannabis Subsidiary
Scotts Miracle-Gro recently announced it is exploring an exit from the cannabis market and considering a sale of its Hawthorne Gardening subsidiary, following ongoing industry challenges and declining sales.
This move reflects an adjustment in response to tightened federal regulations, significant overproduction, and nearly US$2 billion invested in the cannabis venture, while leaving the possibility for future re-entry if the regulatory landscape changes.
We'll explore how Scotts...