Hawthorne Gardening: Scotts Miracle-Gro Beefs Up Cannabis Industry Exposure with $72.2 Million Acquisition of Can-Filters

Scotts Miracle-Gro (NYSE: SMG) continues to aggressively consolidate the fragmented hydroponics industry through its Hawthorne operating unit. Since 2015, it has acquired leading brands Agrolux, Botanicare, Gavita, General Hydroponics and Vermicrop to capitalize on cannabis legalization. On November 7th, the company announced financials for its 4th quarter ending September 30th and hosted a conference call, revealing its latest acquisition, a Canadian company with operations in Canada and the United States, Can-Filters. CEO Jim Hagedorn called the company, which exhibited its filters, fans and accessories at the recent jam-packed MJ BizCon in Las Vegas, “the top hydroponic brand in air movement and filtration systems.”