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Vireo Growth ( (TSE:VREO) ) has issued an update.
On April 8, 2026, Vireo Growth Inc. completed the acquisition of The Hawthorne Gardening Company from The Scotts Miracle-Gro Company, adding a leading North American supplier of nutrients, lighting, and other indoor and hydroponic gardening materials to its platform. The deal delivers roughly US$35 million in cash, about US$58 million in net working capital, and US$20 million in inventory over two years, further bolstering Vireo’s balance sheet and procurement capabilities.
In exchange, Vireo issued 213 million subordinate voting shares at a deemed price of US$0.60 and granted 80 million warrants exercisable at US$0.85 for five years to Scotts’ designee, Good Dog Holdings LLC, which now owns about 14% of the company and could rise to about 19% on full warrant exercise. Vireo has also nominated Scotts executive vice president and Hawthorne lead Chris Hagedorn for election to its board, a move that deepens strategic ties with Scotts and may enhance integration and operational execution across Vireo’s expanding portfolio.
More about Vireo Growth
Vireo Growth Inc., founded in 2014, is a medical cannabis company building a disciplined, execution-focused platform with a strong local market focus supported by a national portfolio. The company emphasizes strategic capital deployment, supply-chain optimization, and long-term value creation for customers, employees, shareholders, partners, and the communities it serves.
Average Trading Volume: 40,182
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$572.6M
See more data about VREO stock on TipRanks’ Stock Analysis page.