ScottsMiracle-Gro announces cannabis investment entity, and a $150M investment in RIV Capital

Tc
10w
1m read
Summary

The Hawthorne Collective’s first investment comes in a $150 million convertible loan to Toronto-based RIV Capital, a cannabis investment and acquisition firm. Scotts Miracle-Gro knows how to make plants grow, and now the company is looking to cannabis companies to grow its balance sheet. The company today announced an investment entity specifically for cannabis. The addition of this investment vehicle gives Scotts Miracle-Gro a new entry into the expanding world of cannabis. Called The Hawthorne Collective, the entity is said to be pursuing minority investments in companies not currently being pursued by Scotts Miracle-Gro’s cannabis subsidiary, The Hawthorne Gardening Company, which owns and operates dozens of cannabis-focused gardening brands.

Article Preview

Scotts Miracle-Gro knows how to make plants grow, and now the company is looking to cannabis companies to grow its balance sheet. The company today announced an investment entity specifically for cannabis.

Called The Hawthorne Collective, the entity is said to be pursuing minority investments in companies not currently being pursued by Scotts Miracle-Gro’s cannabis subsidiary, The Hawthorne Gardening Company, which owns and operates dozens of cannabis-focused gardening brands.

The Hawthorne Collective’s first investment comes in a $150 million convertible loan to Toronto-based RIV Capital, a cannabis investment and acquisition firm. According...

Read the full article @ Techcrunch