Separately, the Company announced that its subsidiary, The Hawthorne Collective, has purchased a warrant to buy equity in Dewey Scientific for
Hawthorne becomes primary provider of Rhizoflora’s Terpinator and Purpinator brands
Rhizoflora has been the producer of the industry-leading Terpinator and Purpinator brands. Prior to this acquisition, Hawthorne has been a distributor of the Rhizoflora brands. Now, Hawthorne is the primary provider of the Terpinator and Purpinator product lines in
“This acquisition reflects our broader strategy to build the most comprehensive portfolio of products and solutions to serve growers at an unparalleled scale,” said
The Rhizoflora acquisition follows the recent announcement of plans to acquire
Under the terms of the Rhizoflora deal, the Company will acquire substantially all the assets of Rhizoflora for
Hawthorne Collective investment expands R&D relationship with Dewey
Dewey Scientific leverages genomics, data science and classical breeding methods to improve the quality and genetic diversity of cannabis crops in the
“Dewey Scientific is continuously evolving our mission to apply pristine breeding principles and the latest genomics technology to develop genetically stable hybrid seed for healthier and more consistent cannabis crops,” said CEO and Co-Founder
Through the Hawthorne Collective funding, Dewey will expand that reach, further refine its cultivation practices and work with a wider net of cultivators and partners to deliver higher-yielding crops.
“We have had the opportunity to collaborate with the talented and dedicated team at Dewey Scientific over the past two years, refining the breeding of hemp crops to advance crop yields and quality. We’ve experienced firsthand the impact of their genomic breeding technologies,” said
About ScottsMiracle-Gro
With approximately $4.1 billion in sales, the Company is one of the world’s largest marketers of branded consumer products for lawn and garden care. The Company’s brands are among the most recognized in the industry. The Company’s Scotts®, Miracle-Gro® and Ortho® brands are market-leading in their categories. The Company’s wholly owned subsidiary, The Hawthorne Gardening Company, is a leading provider of nutrients, lighting and other materials used in the indoor and hydroponic growing segment. For additional information, visit us at www.scottsmiraclegro.com.
About Dewey Scientific
Dewey Scientific, founded in 2018 by PhD molecular plant scientists, employs nearly a dozen scientists and staff at its
Contact:
Executive Vice President
Investor Relations & Corporate Affairs
(937) 578-5622
Source:
2021 GlobeNewswire, Inc., source