Tx-Peanutt
Well-Known Member
I use Greenleaf Nutrients MEGACROP so I’m not in that circleThey are already in the weed market. People just don't realize it. Scotts Miracle-Gro already owns Botanicare, General Hydroponics and many other lines through it's subsidiary Hawthorne Gardening Co. People are buying Miracle-Gro products and don't even realize it. Pretty soon they'll likely control at least a third of everything marijuana growing related.
Hagedorn is backing up his big talk with serious cash. He shelled out $135 million last year on two California-based businesses that sell fertilizers, soils and accessories to pot growers, recently spent another $120 million on a still-undisclosed lighting and hydroponics equipment company in Amsterdam and promises to invest about another $150 million by the end of 2016. Altogether, the deals are bigger than the largest single acquisition in the history of Scotts Miracle-Gro, which takes in $160 million of profit on $3 billion in sales annually.
Hagedorn has not given up on growing his own marijuana, either. He is already looking into foreign markets like Israel, Canada and Jamaica, where Scotts might be able to legally set up labs to test its products and conduct cannabis research. Hagedorn's most eye-opening idea: someday expanding the company's research on genetics into cannabis to create GMO marijuana. Showing an ounce of restraint, he says he is not ready to run that idea by the company's directors--yet.
https://www.forbes.com/sites/danalexander/2016/07/06/cannabis-capitalist-scotts-miracle-gro-ceo-bets-big-on-pot-growers
https://www.hawthorne-gardening.com/
Hawthorne Hydroponics a subsidiary of Scotts Miracle-Gro has acquired Chandler-based Botanicare LLC founded by Treg Bradley
https://www.botanicare.com/hydro_101/hawthorne-hydroponics/