Business
Vireo Growth Inc. Enters into Non-Binding Memorandum of Understanding to Acquire The Hawthorne Gardening Company from ScottsMiracle-Gro
Planned share-based transaction is expected to be completed during the first fiscal quarter of 2026 Vireo plans to appoint Chris Hagedorn to its Board of Directors MINNEAPOLIS, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Vireo Growth Inc. (“Vireo”) (CSE: VREO; OTCQX: VREOF) (“Vireo” or the “Company”) today announced that it has entered into a nonbinding Memorandum of Understanding (“MOU”) with The Scotts Miracle-Gro Company to acquire The Hawthorne Gardening Company LLC (“Hawthorne”), an independent opera
About this update from Vireo Growth Inc
[{"type":"image","alt":"Vireo Growth Inc.","displaySize":"","headline":null,"caption":"Vireo Growth Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":130,"url":"https://media.zenfs.com/en/globenewswire.com/e9ac63f691ebe4f43846df7f4e7f62a4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/u5L1XWvWlDJUxUGOnpDHuA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE4MjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/e9ac63f691ebe4f43846df7f4e7f62a4","width":300,"height":130}},"lazy":false},{"type":"text","content":"Planned share-based transaction is expected to be completed during the first fiscal quarter of 2026","length":99,"tagName":"p"},{"type":"text","content":"Vireo plans to appoint Chris Hagedorn to its Board of Directors","length":63,"tagName":"p"},{"type":"text","content":"MINNEAPOLIS, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Vireo Growth Inc. (“Vireo”) (CSE: VREO; OTCQX: VREOF) (“Vireo” or the “Company”) today announced that it has entered into a nonbinding Memorandum of Understanding (“MOU”) with The Scotts Miracle-Gro Company to acquire The Hawthorne Gardening Company LLC (“Hawthorne”), an independent operating subsidiary of ScottsMiracle-Gro and leading provider of nutrients, lighting and other materials used for indoor and hydroponic gardening in North America.","length":495,"tagName":"p"},{"type":"text","content":"John Mazarakis, Chief Executive Officer of Vireo, commented, “We’ve valued our working relationship with ScottsMiracle-Gro and the Hawthorne team, and they have been excellent to work with throughout our discussions. This proposed transaction builds on a foundation of mutual respect and trust developed over time.”","length":315,"tagName":"p"},{"type":"text","content":"Vireo intends to name Chris Hagedorn, Executive Vice President of ScottsMiracle-Gro and Executive Lead of the Hawthorne business, to its Board of Directors upon completion of the transition.","length":190,"tagName":"p"},{"type":"text","content":"Mazarakis added, “We’re pleased to deepen our relationship through closer collaboration with ScottsMiracle-Gro and by welcoming Chris to our Board. Our focus now is on executing thoughtfully and responsibly in a way that reflects the expectations of a partner of this caliber as we move toward closing.”","length":303,"tagName":"p"},{"type":"text","content":"Jim Hagedorn, Chairman and Chief Executive Of...