ScottsMiracle-Gro Creates New Entity With $150M Strategic Investment To Enable Cannabis Industry Financing

ScottsMiracle-Gro Company's (NYSE: SMG) newly created -focused subsidiary, The Hawthorne Collective, is lending $150 million to RIV Capital (TSX: RIV) (OTC: CNPOF).

The move follows the company's recent announcement that it has seen record third-quarter sales, which amounted to $1.61 billion, up by 8% year-over-year.

Based in Marysville, Ohio, ScottsMiracle-Gro formed a new investment entity to track opportunities in the space that are not currently pursued by its other subsidiary, The Hawthorne Gardening Company.

The strategic investment in the Toronto-based investment …

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