The Daily Hit is a recap of the top financial news stories for Tuesday, November 26, 2024. On the Site Canopy Growth names Luc Mongeau as its next CEO Mongeau is a current board member and CPG veteran. Read more here. Scotts Miracle-Gro shakes up C-suite, takes hit on cannabis stake The company reaffirmed its […]
Scotts Miracle-Gro (NYSE: SMG) is making major changes to its executive rank. Chris Hagedorn, who leads the company’s Hawthorne Gardening Co., was promoted to executive vice president and chief of staff to Chairman and CEO Jim Hagedorn, his father. The younger Hagedorn will maintain oversight of the hydroponics subsidiary, which serves the cannabis industry, while […]
Scotts Miracle-Gro Company (NYSE: SMG) announced its results for the full year and fourth quarter ended September 30, 2024. Sales increased and beat analysts’ estimates, but huge losses continue to bedevil the company. Scott’s stock was plunging over 15% to lately sell near $78. Fourth Quarter Scotts reported that its net sales increased by 11% […]
