Vireo Growth Inc. has entered into a non-binding Memorandum of Understanding to acquire The Hawthorne Gardening Company from ScottsMiracle-Gro. The planned share-based transaction is expected to be completed during the first fiscal quarter of 2026. Following the acquisition, Chris Hagedorn is expected to join Vireo's Board of Directors. Hawthorne is known for providing nutrients, lighting, and other materials used for indoor and hydroponic gardening in North America. Jim Hagedorn, Chairman and CEO of ScottsMiracle-Gro, stated that the decision to transition Hawthorne to Vireo was based on a strategic evaluation, with the goal of aligning interests and sharpening ScottsMiracle-Gro’s focus on its core business. The agreement is currently non-binding and subject to further negotiation and approvals.

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: GNW9644017-en) on January 28, 2026, and is solely responsible for the information contained therein.