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Thursday, October 11, 2018

Scotts Miracle-Gro spent about $130 million for General ...
src: media.bizj.us

Hawthorne Gardening Company, formed in October 2014, is The Scotts Miracle-Gro Company's subsidiary for cannabis growers and one of the first major investments by a major United States corporation in the cannabis industry. Hawthorne Gardening was created "to meet the demands of hydroponic growers (a.k.a. cannabis growers) ... [it] markets itself [to them] using language that's in line with the free-spirited, artisanal cannabis farmer." The business made its first cannabis-related investment in April, 2015, when it bought General Hydroponics, a 35-year old liquid nutrient maker, called by High Times "the standard for hydroponic growers". After the 2015 purchase, a Hawthorne executive told the press, "the lion's share of General Hydroponics business in North America is cannabis growers". Scotts's CEO decided to spin off a cannabis business after a 2013 visit to a garden store in Yakima, Washington with a large section of hydroponic equipment. According to Forbes, Scotts had invested more than $250 million in the subsidiary by mid 2016. In March 2018, the Hawthorne Gardening Company and The Flowr Corporation (a Canadian Licensed Producer of medical cannabis) announced an R&D partnership, building North America's first dedicated facility for cannabis research and development.


Video Hawthorne Gardening Company



References


Maps Hawthorne Gardening Company



Further reading

  • Jeff Tyler (September 20, 2016), "As the marijuana business grows, is there room for the little guy?", Marketplace, American Public Media/University of Southern California

The Flowr Group ACMPR Cannabis Production in BC
src: cdn.investingnews.com


External links

  • Official website

Source of article : Wikipedia