Reddit Posts
Big 3 label market share by aggregate monthly listeners over time
All your PP are belong to the CCP. Calls on $SMG
To moon and beyond 💰🚀📈 - r/wallstreetbets posted a net gain of $5M in May 2023
MOS under appreciated and undervalued compared to competitors
Underwater on SMG Covered Calls, Looking for Advice
SAFE Banking Act not about pot, it's about dysfunctional banking: SMG CEO James Hagedorn
Scotts miracle grow? lets make a Christmas tree
Universal Music Group. SMG Global Network. Digital Universal Music Group.
Scott's Miracle Gro is in big trouble: CEO - "I love working, but this isn’t exactly the s—hole I was planning to live in"
Scotts Miracle-Gro (SMG) - Can this dividend stock be a Gro'er?
I wanted to bring attention to SMG, a great stock. Used their product and the grass looks amazing. Will be going all in once cash settles.
Russia world's biggest fertilizer exporter and 3rd largest fertilizer producers recommends to halt fertilizer exports - Scotts Miracle Gro ($SMG) run
Is it worth revisiting Scott’s Miracle-Gro Co.(SMG) as a non-tech folio addition?
Curious about this: Do stocks that are loser in a generally up year get more sell pressure at the end of the year to write-down losses?
Do losing stocks get hit harder at the end of the year? For instance cannabis stocks got crushed this year. Will people further (oversell) things to mark losses to offset gains? Are these opportunities to buy stocks that have had a poor year??
Gather Round Lil' Weedlings, It's Time for Some Much Needed DD
ScottsMiracle-Gro announces cannabis investment entity, and a $150m investment in RIV Capital
Thoughts on Scott’s Miracle-Gro Co.(SMG) and it’s high-growth, Cannabis-related Hawthorne segment?
Thoughts on (SMG) - Scott’s Miracle-Gro Co.? Specifically, their Hawthorne segment.
Scotts Miracle-Gro beats expectations and announces $65 million acquisition
Michael Burry tweeted a hidden ticker in 4 recent tweets (opinion + analysis inside)
Playing the commodities "super-cycle" - Agriculture plays
$SMG potential buy ahead of William Blair conference 6/2
$SMG- potential buy ahead of William Blair conference 6/2
I have been acquiring Joann Fabrics stock because it is a “pick and shovel” stock, what other “pick and shovel” stocks do you recommend?
Volatile times in the cannabis sector, turn to pick and shovel plays!
Hydrofarm ($HYFM) —> Cannabis & Controlled Environment Agriculture
Mentions
58 here, Still dealing mainly the 50% Large Cap/Tech(XLK/SMG/MAGS/SPMO), 30% Managed Futures/Gold, 20% Mathematical Decaying LETFs/long(Tech2x/3x), \+40-50% LETF's Shorts(Tech/Uncorrelated Hedges/Gold etc..), When/IF I ever cover these Shorts(8-9yrs ago), got 7 digit Profits to Pay Uncle Sam. Hope my Uncle Sammy is President then!!!
Was checking out the Texas licenses and it looks like PharmaCann got one. Might be helpful for Cronos down the line, given their PharmaCann connections. No idea how PharmaCann is doing with making rent payments lately though. So I think the full list of public companies with potential Texas medical exposure includes: * Trulieve * Verano * Cronos (via PharmaCann) * SNDL (via Surterra Wellness) * SMG (via Fluent) Does this look like all the current connections? Or did I miss anything?
KMI's doing great, check out MUFG, SMG, and MFG.
SMFG / MUFG / SMG. Fake Meater ignored the fact they will jointly published a stablecoin; they are the biggest lenders, so they might be able to do what XRP never did.
SMG has been extremely connected to the sector since 2014. Dave Joyce and other Ohio politicians slipped up a few years ago and made it clear they were pushing for SAFE and stuff in order to benefit Miracle Gro, which is headquartered in Ohio. https://www.google.com/amp/s/www.cleveland.com/open/2021/04/dont-hold-your-breath-on-passing-marijuana-banking-legislation-says-senate-banking-chair-sherrod-brown.html%3foutputType=amp In a House floor speech, Bainbridge Township GOP Rep. Dave Joyce said cannabis companies aren’t the only ones “that are paying the price for this antiquated policy. “Small businesses that provide services to state-legal cannabis companies can also be targeted by the federal government, such as plumbers, electricians or even soil and fertilizer businesses,” In his own floor speech, GOP Rep. Steve Stivers of Columbus said he opposes recreational marijuana use but supports the bill because it would help an Ohio company outside his district that sells plant nutrients. Jim King, executive vice president and chief communications officer for Marysville-based Scotts Miracle Gro, acknowledged that Stivers and Joyce were referring to his company
I was just giving my top 2. I have lots of investments. Very few MSOs though. I've long said I'm staying away from them for the most part. I have medium sized positions in Green Thumb and Glass House though. I have various sized investments in most prominent LPs. Tilray is now my 2nd largest LP because they went up so much. I'm probably the only one who ever talks about InterCure, but I've liked them for a while. They're an Israeli company. I have random other investments like Jones Soda, Lexaria, Decibel, VEXT. I have a good bit in SMG if you count them as a weedstock, as they have options to buy back Fluent. I'm very active in pretty much all areas of the sector except for big MSOs.
I've been doing it for many months since Shane pennington was so hyped up at the beginning of this year and got conviction after the SMG ceo said "several time" he talked to trump about S3. There was the slow rise after the 1M per plate dinner and I've been winning almost every week since. Couple hundered here and there adds up.
Today I cashed and rolled my PLTR calls, sold all shares, and bought a fucking boatload of TGT, CVX, TROW, KO, SMG, and PEP
Hawthorne Collective (Scotts Miracle Gro) converted their loan into shares after Fluent acquired RIV. Not sure why the CEO resigned. SMG did announce a spinoff of their subsidiary Hawthorne Gardening (ancillary business) into a separate, full cannabis company. They indicated the spinoff would be completed by the end of this year. Maybe that has something to do with it. It just a speculation on my part. Hopefully we will find out more when Fluent reports their earnings later this month.
Mango’s million dollar per plate dinner a month ago telling his elitist buddies that he’s going to look at reclassifying so they could all front run it. That’s why we’ve been pumping for a month consistently now. SMG CEO saying mango has told him personally multiple times that he would reschedule, congress about to pass a bill allowing VA veterans to get prescribed admitting medicinal value and by definition substances with medicinal value can’t be schedule 1. I mean fuck, fentanyl is on a lower schedule. Who here thinks that is safer than weed? S3 provides a unique opportunity for his rich friends to front run while also owning the libs for making America great where Biden failed to get it across the finish line and giving Mango a massive ego boost and his R’s a bump for midterms. People like Shapiro changing their stance. Imagine if R’s were pro-pot. They’d never lose another election.
Unless you grow grass, you ain't a weedstock. Some people call SMG, IIPR, and HITI weedstocks, but if we're going to count them as weedstocks, we may as well count the companies that make floor cleaners, rubber gloves and HVAC filters used in cultivation weedstocks, too. Then again, weedstocks have been taking off the past week, these guys.. not so much. All HITI makes is plastic, mylar, and glass trash that they put discount weed into and wholesale. On the other, much smarter almost-half brain I have says that yeah, their data skillz and marketing could get them faithful medical subscribers in Germany, perhaps other places where "discount" 2nd rate med weed is in demand.
I don't think it's necessarily bearish or disbelief to be cautious with investing in this sector. Trump has said he's a couple weeks away from so many things. That's his go-to statement for when he needs an arbitrary timeline. I don't think it's unreasonable to be skeptical about him following through on that specific timeline. And many of the people talking about this are influencers. They are literally paid to convince people like you and i to do things or buy things. The others (like SMG CEO) have direct financial interest in pumping cannabis stocks. Again I'm not saying it's not going to happen. I'm just saying that is not definitely happening imminently.
My understanding is that SMG’s most recent strategy has been divesting or separating from its cannabis-centric operations.
I’m not personally going to invest but interesting Scotts Miracle Grow (SMG) usually moves with cannabis hype. They only went up 2% today. Might be worth watching
Yeah but I'm calling shenanigans on this because the SMG CEO said differently already.
Sooo...Has anyone ever looked at that SMG ticker? It looks to be down today but the latest earnings are looking decent, I'm a little interested on it after today.
No no no....the SMG CEO is lying to pump and dump his 150 year old company's stock. These are just rumors! Stop looking at them!
Its all about risk vs reward for me, not so much if the rumors are real/fake. Scenario 1) Bleed continues > We have plenty of time to exit positions at small losses. Scenario 2) Trump announces schedule 3 > 50-100% return within a few days. Scenario 3) Cole blocks schedule 3 > Stocks dumps back to ATLs \~30% haircut. Probability of 3 is low, he has the power to delay but not entirely refuse the HHS. Probability of 1 is highest and if that's the case I can exit at small losses. Probability of 2 is the highest its been with the recent surge in noise from SMG/VFF CEO, white house meetings, trump advisors, weldon, mike tyson, SAM, trump pro-rescheduling video being released etc. I'm willing to take minimal losses here for the upside that comes with schedule 3.
I closely followed SMG. I believe the management is under pressured from the shareholders to get rid of Hawthorne Gardening which does pick and shovels cannabis businesses. It has been losing money in last few years. Its subsidiary Hawthorne Collective owns significant shares of Fluent Cannabis. I believe the plan is to spend off Hawthorne Gardening into a pure cannabis company.
SMG subsidiary Hawthorne Collective owns significant shares of Fluent Cannabis
Cruel Intentions SMG was 1 of 1
when i have WSB, stocktwits, robinhood, SMG, and three researching google tabs open, it seems like my computer wants to explode
you have one of the most interesting profiles i've ever seen. I can't tell if you're 16 and were raised in the forest by WSB and SMG with a solar-powered cellphone after a stock broker ran over your parents, are a bona fide schizophrenic, or both cool m5 tho. ngl if this is the price of daytrading, maybe I should stop checking fidelity so often...
This feels more like Russian Roulette with a SMG. The question is not whether you'll be shot in the head, but how many times.
Trusting WSB with your dog's life...SMG. Read the damn label!
Just found out they're continuing Buffy with SMG playing her again, huh
Miracle Gro is [spinning out Hawthorne Gardening](https://mjbizdaily.com/scotts-miracle-gro-to-spin-off-cannabis-arm-hawthorne-into-separate-business/) into a separate business. I have been waiting a [long time](https://www.reddit.com/r/weedstocks/comments/17n00s6/comment/k7ocal6/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) for them to [do this](https://www.reddit.com/r/weedstocks/comments/18i66yr/comment/kdclqcu/). From the second link, from about a year ago: >*Management is also exploring strategic options for Hawthorne, including “active discussions” regarding the creation of a vertically integrated cannabis company.* >*“I can’t share more at this time, but we will provide an update as soon as we can,” he said.*" >"*Chris Hagedorn, head of Hawthorne, said that avenues are being explored to possibly transition Hawthorne out of the SMG umbrella,* ***possibly combining with companies in the hydroponic equipment space or entities like RIV Capital*** *(CSE: RIV) (OTC: CNPOF), a New York-based cannabis operator that Scotts has invested in.* >*“I would love to see those bucketed under the same roof,” he said. “So if the opportunity presents itself, it’s something that I think we would pursue or at least be interested in.”* Obviously they've already done a RIV deal with Cansortium. I am curious if Hawthorne will end up a part of that company, or merge with a company like Hydrofarm.
SMG is a long time coming, I struggle to see the ROI with VZ when its free with google i just don't see there KPI... CVNA has been good, easy business to value and forecast, basically buying and sell good second hand cars.
Company is making money. It’s just in a correction it had a quick pump and had to correct, instead of a nice gradual climb like NVDA. Look at SMG they are almost identical and it’s coming back up, huge spike and had to come back down to earth.
SMCI is just in a correction like SMG. There was a moonshot and it had to come back down to earth. Everything looks good with SMCI to me the rest is noise
Dude. Yeah this ain’t your calling my man. My advice. Stay away from the hype. The hype’s are almost always a rug pull. Too much hype means inflated. Either get in and out fast or stay out. I go long term. For instance I bought SMG (Scott’s Miracle Grow) back in 2011 for like $49/share. Knowing legal marijuana was going to boost and they were introducing hydroponics lines. Bought 1000 shares. Sold in 2021 at $220. $49,000 turned into $220K. Yeah I sat on it for 10 years. Took that money bought a commercial office building with 6 spaces. Lease them out $5k/month NNN. Thats $30k month. $360k per year. Units have been full the whole time. Made about $1,080,000 the last three years. So really I turned that original $49k investment into over a M in 14 years. Thats just one of my winners. I’m fortunate enough that I had high salary jobs during my main investments so I had play money. I now just have my 401K that’s gaining 27% since inception. I pulled all my money out of the market and parked it all into real estate. I have acquired 3 commercial properties and have 4 residential properties excluding my two personal properties. I buy them cheap. Do all my own work to fix them up and charge premium rent since it all updated and fancy. My advice, for what it’s worth, buy dirt. They ain’t making any more of it. Unlike all the shit coins out there (I did make $40k on Doge though) Real estate is where big money is at. McDonald’s isn’t a burger joint. They are a real estate firm that just uses their properties for burgers. Their real money is in their properties. My grandpa was an entrepreneur and everything he touched turned to gold. He always told me this which shaped the way I view investments and stay out of the hype/dilemma you’re in. “How do you get rich in a gold rush without doing the hard work of mining? Sell the shovels” selling the “shovels” is investing outside of the hype but in it at the same time. Kind of like 3rd party. Your not taking the risk of buying all the gear. Moving your family. Breaking your back mining to maybe find no gold at all. The guy you got your shovel from made money though. :)
Very nice, was looking at SMG at 58, never pulled the trigger, maybe I’ll buy this dip
POOL, SMG, RUN are usually temporarily picked up by hedge funds during the summer for swing momentum.
$SMG is the super-sleeper with room to run
how do you find stocks to short (the oppurtunity)? I'm new to stocks and decided to participate in the SMG for fun.
printed money on my SMG calls
Was going to say pretty much this. As long as you aren't chasing hype stocks and are actually investing in things you believe in and think have growth potential (especially if you can back it up with data) then don't worry about the drops too much, just ride through it and if you still see potential think about buying dips. I've had losses (BB (hype stock), NKLA (still holding this but bought at the time they faked their truck)) and thankfully more wins (MSFT, NVDA, XOM, SMG, KO), but with both I have held them for years to see their true potential. Then I have a range of ETF's and middle of the road stocks which might be up one month and down the next but overall are trending sideways but as they pay dividends, I hold them.
GRWG, SMG, HYFM, SGFY, AYI, Energy firms, & guns & ammo water filtration firms too
$SMG halted-T1: Halt – News Pending: **Trading is halted pending the release of significant (or material) news**.
In a way, we are uplisted. CRON, HITI on Nasdaq. MO, SMG have positions in cannabis. Feel free to add more companies that are uplisted that have interest in cannabiz.
Cansortium announces merger with RIV Capital backed by SMG - taking out all debt. Stock continues to tank. Guessing partially driven by the dilution with the new shareholders… the other half… haha
Ringfence the cannabis assets similar to SMG, SNDL, Canopy USA…
I think much of the excitement is more in the fact that GTI’s legal team believes this to be a viable option, which in and of itself is bullish for the industry. I mean, we already have others doing this: SNDL, Canopy USA, SMG. GTI making a move like this would ignite the sector I think
I was thinking the same exact thing! I picked up a bag when I heard the CEO of SMG couple weeks ago saying he was pushing for a merger.
Me running to sell my shares of SMG after reading these comments like: 🏃🏼➡️ And in case anyone is wondering, no I didn’t have any real logic in investing in it, just is a company that I heard about through my own work.
How folks aren’t buying $CNTMF 42 dispensaries. 3 more grows in the works. Majority of exposure in Florida. It’s highly regulated so there won’t be a dispensary on every corner. Well managed. Now have zero debt and $74 million of fresh money to expand operations thanks to the Hawthorne groups Riv capital and $SMG. They’re back by the largest fertilizer company in the world and they’re trading at$.16 cents. It’s about to take off. Forget rec, in Florida. They’re expanding in PA, they own only one of two licenses in Texas, which will take a while to develop, but it’s gonna be ripe for a major takeover one day. I got a lot of shares.
Can someone explain this merger to me, please? I have a fairly large position in Consortium. Where does SMG come into play?
This article seems to claim they (SMG) will own non voting exchangeable shares of Cansortium. Not sure how that is different from normal voting shares. >As part of its deal with Cansortium, Scotts Miracle-Gro said it plans to exchange its existing convertible notes in RIV Capital for a new class of non-voting exchangeable shares of Cansortium. The transaction will wipe out $175 million in debt, Scotts Miracle-Gro said. https://www.morningstar.com/news/marketwatch/20240530360/scotts-miracle-gros-riv-capital-to-merge-with-cansortium-in-cannabis-tie-up
https://x.com/mayortoby/status/1796195853377646854?t=kdCHsB_op6caMUmHhf_8Gg&s=19 If Scotts is listed on NYSE (SMG), how are they able to own Cansortium shares (CNTMF) that are listed on OTC due to being plant touching? Who is taking the risk here?
Yeah, this is Scotts Miracle Grow making moves. I think this is the first of many big companies moving into the space (Yes I know that SMG already was, but now in a much bigger way)
SMG bout to have suburban dads spreading chet… all over their grassy knoll. ATM CALLS 3 mos out. Remindme! Three months
I like SMG for this reason. Some exposure, but ultimately things are looking good for them this year regardless. My plan is 5+ years though.
My first buy was in the $2 range.. I didn’t look at it again until this year. Looked into the company and as bad as things looked, they seem super undervalued. They had 85 million in the bank a bunch of assets and a 11 mil market cap… it was down so bad I was able to average down for a fraction. Then all this legalization talk started and I figured they’re probably one of the best bets, they’re backed by the biggest company so I loaded up my bags at 8 cents and I’m actually in the profit on it now. Last week I read a story with the CEO of SMG was talking about a merger on the table for Riv and he’s pushing them to make it happen.
For those fear mongers. https://x.com/dtrtcannabis/status/1786213744994906510?s=46&t=_ix3z8VWbLz3cM3z110Q7A Trump could come out in favor of a recreational-marijuana referendum in Florida as a way to "take issues away from Democrats," said Jim Hagedorn, CEO of Scotts Miracle-Gro SMG, +0.63%, which sells fertilizer and growing equipment to the cannabis industry. Hagedorn said the GOP had success in Nevada making similar moves on cannabis. "I've been told [Trump] is open to cannabis in Florida," the CEO said.
https://x.com/dtrtcannabis/status/1786213744994906510?s=46&t=_ix3z8VWbLz3cM3z110Q7A Trump could come out in favor of a recreational-marijuana referendum in Florida as a way to "take issues away from Democrats," said Jim Hagedorn, CEO of Scotts Miracle-Gro SMG, +0.63%, which sells fertilizer and growing equipment to the cannabis industry. Hagedorn said the GOP had success in Nevada making similar moves on cannabis. "I've been told [Trump] is open to cannabis in Florida," the CEO said.
SMG is a cannabis stock.... fuck that.
I've always thought SMG would be a good call for weed legalization, but at the same time they don't really want people to grow their own they want to keep it regulated to big agra so they can make money off of permits and vice taxes.
SMG, HRL, CVX SMG looks poised to hit 120 HRL I’d say 50 CVX I could see going to 180 or higher
Rotation out of good stocks into companies with ugly balance sheets like IWM names. SMG, etc. My debt-riddled WBD should be one of them but that cuck David Faber was on CNBC throwing water on the PARA deal
SMG may also be a weed descheduling play. I think they are a struggling company tho.
SMG may also be a weed descheduling play. I think they are a struggling company tho.
Saw the insane run SMG went on last election cycle and was considering buying them over any cannabis names. Decided against it and went with Trulieve but I had kind of stopped looking at SMG, funny how when I ignore it the stock begins to rise.
Man small caps are mooning. Remember SMG and the pot craze? Bish is up 5% today lol
Hope my SMG bags get lighter...
View in your timezone: [today at 4PM PST][0] [0]: https://timee.io/20240118T0000?tl=WA%20state%20holding%20a%20hearing%20today%20at%204PM%20PST%20on%20home%20cultivation%20of%20marijuana%20%F0%9F%A4%94%24GRWG%20%24TLRY%20%24MJ%20%24SMG%20%24CGC%20%24ACB
I identified JPow, Bezos and Huang in the WSB banner. Who is the blonde dude with the sunglasses and an MP5-like SMG?
My 3 DCA investments have been Sol, Coin, and SMG all year. I wish I didnt put any in SMG but def cant complain about the other 2!
> You really wouldn't invest in a company simply because their executives use curse words? It's not the cursing, per se. It's the unprofessional interaction with a potential buyer, the admittedly emotional nature of the response, and the fact that his father is apparently feeling the need to step in to finish his son's thoughts. Cursing is fine, I suppose. But the other activities in the quote paint a picture of unsteady leadership. > It's odd to call the Hagedorns unprofessional when they have run a successful multi-billion-dollar business for decades. This is the root of my point. The next generation of the Hagedorn family is clearly preparing to take over, and he's responsible for bolting on the new cannabis arm of the company. But he doesn't come across professionally. My point is that this particular pivot implemented by this particular generation so far appears to be a giant misstep under questionable leadership. Again, very limited knowledge of SMG. But this article, if true, paints a sketchy picture. > Especially when you look at all the cannabis CEOs constantly spouting off on Twitter in extremely unprofessional ways. I avoid those.companies as well. High risk sector to begin with. Leadership risk on top of that is enough to put me off. > I'm also surprised you haven't followed Miracle Gro at least a tiny bit, considering they are a major player in the sector. Ive probably undersold my familiarity a bit. I've tracked their general strategy and major moves, but didn't really love the positioning. They're grow side, which I've never really loved as an investment thesis. I know they have some sell side investments as well, none of which I found all that compelling. The analyst in the article suggests grow side consolidation is likely their best outcome; that mso rollup would be too burdensome and unwieldy to attract quality m&a. I tend to agree, based on my limited knowlwedge. Anyway, I've followed but never really felt the need to dig in very deep. > I have actually found Jim Hagedorn to be extremely interesting to listen to when he is talking cannabis. I can believe that. His unfiltered nature likely plays well in interviews. Ad I explained above, my concern is less about him. It's his son that makes me skeptical. Jim's comments in the article rally behind his son, as any good father would do. Unfortunately, that can lead to blind spits when in business together. > I will dig up a good interview for you to listen to when I get a chance. Thanks for looking for this!
Yea as the other response said that's probably due to the convertible notes from Miracle Gro's loan. [https://www.prnewswire.com/news-releases/riv-capital-announces-us150-million-strategic-investment-by-the-hawthorne-collective-a-subsidiary-of-the-scotts-miracle-gro-company-301351777.html](https://www.prnewswire.com/news-releases/riv-capital-announces-us150-million-strategic-investment-by-the-hawthorne-collective-a-subsidiary-of-the-scotts-miracle-gro-company-301351777.html) Miracle Gro did mention RIV a bit recently, as they were publicly talking about shifting further into cannabis. [https://www.greenmarketreport.com/scotts-miracle-gro-actively-explores-shift-in-cannabis-approach/](https://www.greenmarketreport.com/scotts-miracle-gro-actively-explores-shift-in-cannabis-approach/) *"Hagedorn noted that there is a perceived undervaluation of Hawthorne by Scotts’ shareholders and hinted at a strategic pivot, emphasizing that the business could not “stay here.”* *Chris Hagedorn, head of Hawthorne, said that avenues are being explored to possibly transition Hawthorne out of the SMG umbrella, possibly combining with companies in the hydroponic equipment space or entities like RIV Capital (CSE: RIV) (OTC: CNPOF), a New York-based cannabis operator that Scotts has invested in.* *“I would love to see those bucketed under the same roof,” he said. “So if the opportunity presents itself, it’s something that I think we would pursue or at least be interested in.”* *James Hagedorn added color to the approach, alluding to the idea of Scotts not necessarily needing to maintain control, but wanting to remain a “respected partner” in any potential business combination. He pointed out the unique position of Hawthorne and RIV, the latter being cash-rich in an industry where that is a rarity."*
*"Turning to Hawthorne, the company’s hydroponics and indoor gardening division, Hagedorn announced it had reached a break-even run rate by the end of the fourth quarter, positioning it for anticipated profitability in fiscal 2024.* *Management is also exploring strategic options for Hawthorne, including “active discussions” regarding the creation of a vertically integrated cannabis company.* *“I can’t share more at this time, but we will provide an update as soon as we can,” he said.*" ​ "*Chris Hagedorn, head of Hawthorne, said that avenues are being explored to possibly transition Hawthorne out of the SMG umbrella, possibly combining with companies in the hydroponic equipment space or entities like RIV Capital (CSE: RIV) (OTC: CNPOF), a New York-based cannabis operator that Scotts has invested in.* *“I would love to see those bucketed under the same roof,” he said. “So if the opportunity presents itself, it’s something that I think we would pursue or at least be interested in.”* *James Hagedorn added color to the approach, alluding to the idea of Scotts not necessarily needing to maintain control, but wanting to remain a “respected partner” in any potential business combination. He pointed out the unique position of Hawthorne and RIV, the latter being cash-rich in an industry where that is a rarity*."
Interesting - SMG up big today. Their stock had been dragged down by their hydro business Hawthorne. They showed good / improving results there. That's good news for the other hydroponics players HYFM and GRWG. GRWG has a pristine balance sheet, and is still at / near all time low's.
Every cannab is stock is a penny stock besides IIPR i would contend. Then maybe SMG as well, but anscillary. IIPR is the only big timer thats business is based on cannabis.
Thanks I will add it to my list of potential next books. I just recently got a physical copy of my next book choice: [Coffee and Power: Revolution and Rise of Democracy in Central America](https://www.hup.harvard.edu/catalog.php?isbn=9780674136496) I like this kind of topic in general, but there is also a small chance I might find it relevant to today's cannabis world too, as I believe the future of cannabis is actually a lot more focused on hemp/CBD than it is about THC. Obviously THC will be a major major industry. I just think hemp/CBD is so much more diverse. And I think Latin America has played, and will play, a large role in the industry, as the epicenter for coffee and hemp production in the world. I think the top coffee and fast dining owners in particular (Starbucks, 3G Capital, JAB Holdings, Roark Capital, etc.) all have major interest in CBD as a coffee/beverage additive. Starbucks is already putting olive oil in their coffee. I think hemp oil and CBD are next. It's super cheap but demands a premium price, and is easily hyped up as the next big thing. CBD coffee is already a popular method to consume, it just isn't hitting mainstream fast dining establishments yet. I also think they have major interest in climate change, and the effects it has on Latin America production of coffee. [(link)](https://www.cnn.com/2023/10/03/business/starbucks-coffee-climate-change/index.html) That's where you have big business and big climate activism intersect. Having a global shift towards hemp could have major climate change implications, as the carbon sequestering properties of hemp are actually amazing. [(link)](https://carboncredits.com/hemp-carbon-credits/) What that would require is a coalition of companies who are all utilizing hemp to its full potential (food, fiber, fuel, cbd, construction, etc.). I ran into the book Coffee and Power when I was researching the person who joined Miracle Gro's board recently, Mark Kingdon. He seemed out of place for SMG because he is a tech venture capitalist guy from Miami, with connections to Peter Thiel (via investments) and the original VR platform [Second Life](https://venturebeat.com/games/linden-lab-ceo-resigns-founder-returns-as-interim-boss/). Remember that Amazon is one of the largest companies making headlines for lobbying for cannabis. [(link)](https://www.forbes.com/sites/dariosabaghi/2021/10/05/inside-amazons-support-to-legalize-marijuana-at-the-federal-level/?sh=c76a5975ea71) A few years before hemp became legal in 2014, Amazon's Jeff Bezos teamed up with the founder of Second Life to launch a virtual world where you could exchange services and ideas with people around the world, paying via virtual currency. It was called: [Coffee and Power](https://techcrunch.com/2011/11/01/second-life-founder-launches-coffee-power-a-jeff-bezos-backed-marketplace-for-skill-based-jobs/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACVENK1HB3Mp1ELXNxXVn1bQxD8oBVxGLgq4_fLnBLcM23TsWEjqU8pL3mtBwYVZvGnpNkAwPGlG3w7E9aeMTU3EKBV68tN9qtPkf1p8av_j6-clKhaymoI_nGJjQdvcSUVvEAOWa8VGEB4sUnvV45U7QlbzCCmPiUFOLk-GF-Bb)
SMG has a really amazing div yield now and its near 5yr lows. I just dunno if the canna business is putting that div in jeopardy.
Hmm, never thought about SMG before. i coordinate our sales with them in my company. we did 6M in sales with them/HGC last year, only 1M in sales this year.. that piece of anecdote alone would have me pretty bearish on them lmao.
GRWG is best positioned ancillary play, they’re picks and shovels. Look at their balance sheet v HYFM or SMG even
Basically yes. There are other US listed ETFs like CNBS, WEED (this one is US focused), YOLO, etc. MSOS is purely US focused and largest AUM of any Cannabis ETF so naturally most liquid. There are a bunch of US listed cannabis ancillary plays (SMG, HYFM, GRWG, etc) including REITs (IIPR, AFCG, NLCP, etc) that lend to cannabis companies. But for reschedule the US operators are the key beneficiaries...
I see no one is mentioning Scott's Miracle Grow (SMG). They recently invested a billion dollars into the marijuana game, making a subsidiary company to do so. So you can almost double dip into marijuana AND the regular business of SMG by buying that.
SMG (Scotts Miracle-Gro). Guaranteed to grow your net worth.
Ive not look who is best positioned for this. Ive heard some things on the CIN podcast but dont remember. Hell it could be someone we don't even expect. Someone who already can travel across state lines and has the channels set-up like a SMG or something.
I mean SMG has the problem that everyone hates them. And consequently does not want to buy from them. Way to kill a successful brand.
“The survey’s results carry implications for the larger cannabis industry and related stocks. Companies such as Scotts Miracle-Gro Co. (NYSE: SMG) will need to focus on mitigating the damage caused by the downturn in the company’s gardening division. … Other firms with direct market exposure, such as Hydrofarm Holdings Group, Inc. (Nasdaq: HYFM) and GrowGeneration Corp. (Nasdaq: GRWG), likely will face a tough road ahead due to these headwinds.”
Scotts Miricle Grow SMG down over 10% premarket on an earnings miss. Will be interesting to see if it brings down cannabis names
SMG... All you guys thinking who's going to have the best seeds. Everyone needs to grow. Scott's bought up hydroponic tech and is ready to sell everything anyone needs to get going.
I like this company a lot right now. I really wanted to get into the vertical farming space but its so small right now and there's so many challenges like labor and hvac solutions and profitable scaling. SMG and GE were my large cap stocks I picked to profit off VF/cannabis if it were to be successful, with other upsides of course.