Scotts Miracle-Gro’s audacious $1.7 billion foray into the marijuana business over the past decade is a sensitive topic for the father-son team whose family helped build the lawn and garden giant.
Scotts CEO Jim Hagedorn told MJBizDaily the hundreds of layoffs and debt saddling the Ohio company’s cannabis subsidiary, Hawthorne Gardening Co., “almost took Scotts down.”
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Now, Jim Hagedorn and son Chris, who is Hawthorne’s general manager, are mapping out a change in strategy for the cannabis cultivation supplies company.
The two hope to transform Hawthorne into a stand-alone marijuana juggernaut, and they’re ready to do some deal-making with potential partners, including other cannabis companies.
That’s a big change.
Chris could have sold Hawthorne to an interested buyer who approached the company’s chief operating officer at MJBizCon 2022 in Las Vegas.
“And my response was, ‘Just tell them to go f**k themselves. We’re not for sale,”
Read full article on Marijuana Business Daily
