Scotts Miracle-Gro cuts cannabis ties, transfers Hawthorne Collective to unnamed partner

LYagovy/iStock via Getty Images Scotts Miracle-Gro ( NYSE: SMG ) +2.7% post-market Thursday after saying it is transferring its wholly-owned Hawthorne Collective subsidiary to an undisclosed independent strategic partner, marking the first step in separating its cannabis-related businesses from its core lawn and garden operations. In exchange.