Vireo says Hawthorne acquisition from ScottsMiracle-Gro could close within five business days

Reuters03-30

Vireo says Hawthorne acquisition from ScottsMiracle-Gro could close within five business days

Vireo Growth is moving toward acquisition of ScottsMiracle-Gro’s Hawthorne Gardening, with closing expected in Q2 2026.
Transaction could close five business days following this update, subject to definitive agreements and required approvals.
Consideration contemplated at 206 million Vireo shares, warrants for 80 million shares at US$0.85, cash of at least US$35 million, net working capital of about US$50 million, inventory supply of about US$20 million over two years.
Chris Hagedorn, ScottsMiracle-Gro EVP and Hawthorne executive lead, is expected to join Vireo board following closing, subject to shareholder approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vireo Growth Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603300700PRIMZONEFULLFEED9680476) on March 30, 2026, and is solely responsible for the information contained therein.

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