Stephenj37826
Well-Known Member
As titled stated Gavita sold to Scotts Miracle Grow
guys, please... first of all Scotts is not Monsanto. Neither does Monsanto own Scotts. HGC is a subsidiary of Scotts. HGC took a 75% interest in Gavita. Scotts merely has the marketing rights for roundup in the gardening market. There is no involvement of Monsanto whatsoever. To say Monsanto owns Gavita is like saying Apple owns Microsoft. That is simply not true.
Furthermore: We did not need HGC just for the money. We are a very healthy organisation with a TO in excess of 100 million USD with double digit grow figures, so big money is not the issue either . However, we have grown really fast over the last few years and being part of a group of A-brands opens some doors a lot quicker, helps us to enter markets faster and enables us to expedite our development programs a lot faster. Also, it helps structuring our company a lot faster as we are still growing very fast and need to localize our business. This will result in more local service and support for our horticultural customers, but also for our retailers and end users world wide.
25% of the shares are still in the hands of the Dutch management and they will remain at the helm, which is logical as HGC nor Scotts have a background in horticultural lighting. So we see only very positive developments as we will be able to have a faster time to market and even better products with better support.
As for Jair: Why would we want to get rid of Jair? Jair is responsible for our US sales and he is a shareholder. It would be really stupid to get rid of JairIf we ever wanted to get rid of Jair there would be much easier methods than to partner up with HGC don't you think? Come on guys, less testosterone, more common sense
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Monsanto is fucking evil,I quit buying anything GH after they bought them.
Roundup ready cannabis?
guys, please... first of all Scotts is not Monsanto. Neither does Monsanto own Scotts. HGC is a subsidiary of Scotts. HGC took a 75% interest in Gavita. Scotts merely has the marketing rights for roundup in the gardening market. There is no involvement of Monsanto whatsoever. To say Monsanto owns Gavita is like saying Apple owns Microsoft. That is simply not true.
Furthermore: We did not need HGC just for the money. We are a very healthy organisation with a TO in excess of 100 million USD with double digit grow figures, so big money is not the issue either . However, we have grown really fast over the last few years and being part of a group of A-brands opens some doors a lot quicker, helps us to enter markets faster and enables us to expedite our development programs a lot faster. Also, it helps structuring our company a lot faster as we are still growing very fast and need to localize our business. This will result in more local service and support for our horticultural customers, but also for our retailers and end users world wide.
25% of the shares are still in the hands of the Dutch management and they will remain at the helm, which is logical as HGC nor Scotts have a background in horticultural lighting. So we see only very positive developments as we will be able to have a faster time to market and even better products with better support.
As for Jair: Why would we want to get rid of Jair? Jair is responsible for our US sales and he is a shareholder. It would be really stupid to get rid of JairIf we ever wanted to get rid of Jair there would be much easier methods than to partner up with HGC don't you think? Come on guys, less testosterone, more common sense
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