Scotts Miracle-Gro is in talks to sell its Hawthorne subsidiary to Vireo Growth, Inc. The deal is expected to close in Q2. The company will classify Hawthorne as a discontinued operation in fiscal 2026. First quarter net loss from continuing operations was $47.8 million. Adjusted net loss per common share was $0.77. Net sales were $354.4 million, down 3%. The Board approved a $500 million share repurchase program. Scotts Miracle-Gro shares are down 0.4% in pre-market trading. Visit rttnews.com for more earnings news and calendar.

Read more at Nasdaq: Scotts Miracle-Gro Announces Divestiture Plan For Hawthorne; Posts Narrower Q1 Loss