Vireo Growth enters non-binding MOU to acquire Scotts Miracle-Gro’s Hawthorne

Vireo Growth (VREOF) entered into a nonbinding Memorandum of Understanding with The Scotts Miracle-Gro Company (SMG) to acquire The Hawthorne Gardening Company, an independent operating subsidiary of ScottsMiracle-Gro and leading provider of nutrients, lighting and other materials used for indoor and hydroponic gardening in North America. Vireo intends to name Chris Hagedorn, Executive Vice President of ScottsMiracle-Gro and Executive Lead of the Hawthorne business, to its Board of Directors upon completion of the transition.