Scotts Miracle-Gro establishes 80% ownership of home-grow firm

In its latest marijuana-related deal, Scotts Miracle-Gro Co. said it has secured an 80% stake in AeroGrow International, which sells home-growing kits for indoor gardeners.

Scotts Miracle-Gro acquired some 21.6 million shares of Colorado-based AeroGrow for $47.8 million, and the deal has further extended the Ohio company’s reach into the marijuana trade.

Scotts has purchased a range of marijuana-related companies, from hydroponic and nutrient firms to lighting, hardware and fertilizer companies.


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Scotts first developed the partnership with…

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