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Monday, May 21, 2018 4:21:06 PM
Meanwhile.... while Jimmy and staff sitting on butts.
1 Scotts Miracle-Gro -SMG
Scotts Miracle-Gro offers everything that up-and-coming growers are going to need in large quantity: seeds, pest deterrents, in-demand hydroponic equipment, and other grow-op essentials.
A huge segment of cannabis growers utilize hydroponics, the artful science of growing plants without soil. Scotts Miracle-Gro's subsidiary Hawthorne Gardening Company has an entire division devoted to hydroponics which currently accounts for 10 percent of their overall sales, a number that they are expecting to explode come July.
The company has been quite busy making $1 billion worth of acquisitions for their hydroponics sector through Hawthorne Gardening Company, and their largest acquisition yet, $450 million for Vancouver's Sunlight Supply Inc. is slated to close on June 1st. Now, the company is focusing on slashing overhead and duplicate jobs for a savings of $35 million per year after 2019.
Thanks to ever-improving technologies and steadily growing demand, hydroponics has been reliably growing by 20 percent each year, and that rate is poised to rise significantly. Scotts Miracle-Gro, thanks to their proactive approach and aggressive acquisition strategy, is in the perfect position to supply the needed equipment for the cannabis growers that are going to find themselves rushing to keep up with demand in the coming years.
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