Scotts Miracle-Gro (SMG) reportedly makes a deal to sell its cannabis-supply unit, via WSJ
Newsquawk Staff ·
Scotts Miracle-Gro (SMG) reportedly makes a deal to sell its cannabis-supply unit, via WSJ.
What it means
Scotts Miracle-Gro's reported deal to sell its cannabis-supply unit signals a strategic shift for the company, likely aimed at streamlining operations and focusing on core business areas. The implications of this sale could affect investor sentiment significantly, especially within the cannabis sector, as it might suggest a reevaluation of growth prospects in that market.
Sources
- Mosaic Company (MOS) Q3 (USD) Adj. EPS -0.19 (exp. -0.01), Revenue 3.10bln (exp. 3.05bln)
- The Mosaic Company (MOS) Q3 2026 (USD): Adj. EPS -0.19 (exp. -0.01), Revenue 3.1bln (exp. 3.05bln)
- Advanced Micro Devices Inc. (AMD) Q3 2026 (USD): Adj. EPS 2.09 (exp. 1.95), Revenue 13.4bln (exp. 13.1bln)
- Block Inc. (XYZ) Q3 2026 (USD): Adj. EPS 1.13 (exp. 1.03), Revenue 6.72bln (exp. 6.58bln)
- Astera Labs Inc. (ALAB) Q3 2026 (USD) Adj. EPS 1.32 (exp. 1.19), Revenue 584.9mln (exp. 551mln)
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