AcquisitionsApr 14, 2026, 04:12 PM
Vireo Growth acquires Hawthorne Companies for 213M shares & 80M warrants
AI Summary
Vireo Growth Inc., through its subsidiary Prolific Supply LLC, acquired The Hawthorne Gardening Company LLC from SMG Growing Media LLC, a subsidiary of The Scotts Miracle-Gro Company. The transaction, which closed on April 8, 2026, involved Vireo issuing 213 million subordinate voting shares at a deemed value of $0.60 per share to the seller's designee. Additionally, Vireo issued warrants to purchase 80 million subordinate voting shares at an exercise price of $0.85, which are immediately exercisable and expire in five years. This acquisition integrates the Hawthorne Companies into Vireo's operations.
Key Highlights
- Vireo Growth acquired The Hawthorne Gardening Company LLC.
- Issued 213,000,000 subordinate voting shares at $0.60 per share.
- Granted warrants for 80,000,000 shares at an $0.85 exercise price.
- Transaction closed concurrently with the SPA on April 8, 2026.