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Hagedorn Family Holding Company Sells Off Nearly $3.5 Million Worth of SMG
Insider selling is often considered to be a bearish signal for companies...
Read the Full Article and Check Out the CEO's Private Jet
Stock has surprisingly gone nowhere
Should see a nice bump here this week!
https://www.fool.com/amp/investing/2018/04/15/jeff-sessions-trumped-are-marijuana-stocks-about-t.aspx
Can we expect environmental laws to affect sales?
Surprised more people do not see the value and potential in this company.
Can only hope the trend continues.
Looks like any day now!
I believe it will
Jmho
Would love to see this breakthrough $110!
I still like this company regardless of the pot stock hit Sessions through at the industry today. This is a solid company based on fundamentals.
From 70.00's to 110.00 because MJ and MMJ. Not bad.
Any guesses to what this pps could be in say 5 years and does this company have divedends I'm thinking about getting in but I'm wondering how many shares will actually make me any profit long term
Wall Street's Weed Stock Darling Missed Earnings - What You Need to Know
Wall Street loves Scotts Miracle-Gro (NYSE:SMG) because it's a Jeff Sessions-proof stock to still get a little play on the booming cannabis industry. The company doesn't touch the plant, but has invested heavily in the space. The company's Hawthorne Gardening Co. subsidiary purchased General Hydroponics Inc. for $130 million in 2015, and went deeper into the hydroponics market with a major stake in the at-home hydroponic systems company AeroGrow International (OTC:AERO).
The company's cannabis-focused Hawthorne subsidiary now has a handful of brands in its portfolio, all targeted at cultivation, and Wall Street has loved it. As of recent 13F filings, institutional ownership of Scotts is up over 71%. This may be subject to change soon, since Scotts reported Q2 financials on Tuesday, and the company missed on earnings and revenue.
Read the whole article (https://www.dailymarijuanaobserver.com/single-post/2017/05/04/SMG-Wall-Streets-Weed-Stock-Darling-Missed-Earnings---What-You-Need-to-Know)
The Scotts Miracle-Gro Foundation Announced as Presenting Sponsor of The Everglades Foundation’s George Barley Water Prize
Source: GlobeNewswire Inc.
The Everglades Foundation today announced The Scotts Miracle-Gro Foundation as the presenting sponsor of The George Barley Water Prize, the world’s largest water prize offering $10 million to the person or team that develops the most cost-effective technology to remove phosphorus from freshwater bodies.
foundation logo.jpg
everglades logo.jpg
Together through the Barley Prize, the organizations will combat the issue of harmful algal blooms caused by excess phosphorus, which threatens the health of the Everglades and countless other freshwater bodies.
“Nutrient pollution, especially from phosphorus, is a significant and growing crisis that must be solved,” said Jim King, president of The Scotts Miracle-Gro Foundation. “Our company is proud that we became the largest fertilizer manufacturer in the world to remove phosphorus from our fertilizer products, a step we took in 2011. But we knew then, as we still do today, that our decision would have little impact on eliminating harmful algal blooms that continue to plague freshwater bodies around the world. The decision by our Foundation to announce the sponsorship of the George Barley Water Prize on World Water Day is the first step of a multi-year commitment to elevate public awareness of this issue and celebrate the innovation that will help solve it.”
To date, the Barley Prize has attracted more than 100 teams – a community of innovators, scientists and entrepreneurs – from 13 countries. Currently in Stage 1 of four stages, the grand prize will support innovative and cost-effective technologies that will benefit more than 100,000 miles of rivers and streams and close to 2.5 million acres of lakes, reservoirs and ponds.
Nutrient pollution impacts all 50 U.S. states and often threatens drinking water. It is estimated that this pollution is costing the U.S. economy $2.2 billion annually.
The Phase 1 winner was announced today at national summit titled “Global Freshwater Crisis: Impact and Innovation,” co-sponsored by The Scotts Miracle-Gro Foundation and the Everglades Foundation. Approximately 100 attendees from leading water protection entities attended the event, including Restore America’s Estuaries and the Ontario Ministry for the Environment. The Wetsus NAFRAD project - led by a group of researchers at Delft University of Technology and Wageningen University Research in the Netherlands - was named the Barley Water Prize Stage 1 Winner. The Wetsus team’s innovation technology aims to provide a total solution to nutrient pollution through a method used to recover phosphate from waterways.
Cameron Davis, Vice President at GEI Consultants, Inc, and former senior advisor to the Administrator of the U.S. Environmental Protection Agency (EPA) and former President and CEO of The Alliance for Great Lakes, as well as the Honorable Stephen Johnson, former Administrator of the U.S. EPA under President George W. Bush, provided the group keynote remarks.
“Scotts Miracle-Gro is an innovative leader in their industry, committed to solutions. We are excited to collaborate with The Scotts Miracle-Gro Foundation in this one-of-a-kind partnership,” said Eric Eikenberg, CEO of The Everglades Foundation. “They embody exactly what The George Barley Water Prize is all about – thought leadership, innovation, and a commitment to clean water across the globe.”
For more information on the competition, please visit BarleyPrize.com
About The Scotts Miracle-Gro Foundation
The Scotts Miracle-Gro Foundation is a 501(c)(3) non-profit organization with a mission is to inspire, connect and cultivate communities of purpose in the areas of environmental improvement, youth empowerment, and community gardens and greenspaces. The Foundation carries out its mission by funding qualifying charitable entities that support its core initiatives in the form of grants, endowments, and multi-year capital gifts. The Foundation is deeply rooted in preserving our planet, empowering the next generation, and helping create healthier communities. For more information, visit www.scottsmiraclegrofoundation.org
About The Everglades Foundation
The Everglades Foundation is a 501(c)(3) non-profit dedicated to leading efforts to restore and protect the greater Everglades ecosystem. Since its founding in 1993 by a group of local outdoor enthusiasts, the Foundation has become a respected and important advocate for the sustainability of one of the world’s most unique ecosystems.
America’s Everglades is prominent among our nation’s environmental treasures. In addition to providing nearly eight million Floridians with clean and plentiful drinking water, the Everglades is home to no fewer than 77 threatened or endangered species of plant and animal life. From an economic point of view, nearly 400,000 jobs in tourism, recreation, boating, fishing, real estate and numerous other sectors depend upon – and benefit from – a healthy Everglades.
Funds raised by the Foundation are used for scientific research, advancing understanding of the Greater Everglades ecosystem and to provide grants to our conservation partners. Through environmental leadership, scientific expertise, education, and policy experience, the Everglades Foundation works to protect and restore America’s Everglades. Learn more at www.evergladesfoundation.org.
Media Contacts:
Molly Jennings, molly.jennings@scotts.com, (561) 681-7683
Liz Amore, lamore@evergladesfoundation.org, (786) 249-4461
I don't see that.. it is in SMG's best interest in today's political climate to keep their marijuana based ancillary businesses under one umbrella.
If they split, it will be a spinoff of a solely marijuana based ancillary entity. When this happens, SMG investors should receive a proportional stake in those spinoffs. IMHO..
HTH, Mike!
Recreational is big, yes, however there will always be a market (although smaller) for medical patients with mmj cards that seek specific ratios of THC/THCA/CBD/CBN & other cannabinoids to address their ailment(s)
You think this will eventually split its shares ?
Incorrect, Scotts has a wider reach into other markets. Please see my last post on this board.
Disclaimer: I loaded up more in SMG recently.
GLTU
Hey Mike,
One thing that comes to mind is their acquisition of a company called "Gavita", which supplies lighting, associated power, and intricate lighting control equipment. Gavita is out of Holland.
This is coming from a licensed commercial cultivator that uses said equipment.
Hope this helps and GLTU in your investments.
Wings
$93/share still good to load more
Nothing for scared money :)
What does this worthless pos have to offer? All they have is fertilized dirt and that's it.
Watch how money is made. $96/share right now. Gonna go past $100 soon
Idk why everyone is going crazy over medical marijuana stocks when it's going to be recreational all over soon. ??
After all these years it still gets a laugh
I'm cautiously optimistic
Anyone with thoughts on future outlook?
I like the potential of being an established player entering the cannabis industry instead of building from the ground up within an industry. Buying Botanicare was huge IMO because if anyone ever goes into those hydroponic shops Botanicare already has great shelf space and looks professional. Curious as to what Scott's can add.
Beyond that, is there enough for room for Scott's to compete with the other players? I certainly hopeful, I'vehad my eyes on this for a while and currently have no position in the company.
Yep and there you have it:)
just my personal speculation have you seen the 8k
I dont know how to do links from my phone. It was on biz journals.
Its true..Bayer has a distribution deal with GWPH.. All the BlueChips are getting involved under the radar witch tells me rescheduling weed down to II
Will happened this year. Its only a matter of time before Major buyouts happen!
Where u hearing this
Damn big money gonna drop in here monday from all the MJ players.. I know I would if I had it
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