Major seed & fertilizer company Scotts Miracle-Gro (SMG) holds ties to cannabis market
If you have ever shopped in the seasonal section of a hardware store then you’ve likely see or heard of Scotts Miracle-Gro. This renowned lawn care company is famous for its marketing capabilities and store front positioning.
The Scotts Miracle-Gro (SMG) company has notably been at the front of most fertilized alias and hardware stores. As you may know, establishing a storefront position in hopes of having your product standout is no small-time injection of capital.
The Scotts Miracle-Gro (SMG) company was founded in 1868. The notorious company has been regarded as the premium seed company throughout the U.S. agricultural industry. The company which has been in operations for 150 years has accumulated an estimated 2.8 billion dollars in sales. Naturally its market size has given the company the ability to enter into various markets. The fact that it has now entered into the cannabis industry is no shock to investors and business people alike.
The Scotts Miracle-Gro (SMG) ticker in the NYSE: New York Stock Exchange has held a healthy and bouldering stock price. Since 2014 (SMG:NYSE) has continuously shown growth within the market. Its current stock price has mostly doubled since 2014. The U.S. based company’s current loss in share price may be potentially caused due to the current restrictions into the hydroponic market particularly sanctioned in you the United States.
A notable mention should be given to GrowLife Inc OTCMKTS:PHOT. Growlife is a Washington based hydroponics company from the United States that has made waves by grabbing the attention of both commercial and personal hydroponics consumers. They position their brand as a sustainable eco-friendly indoor growing product supplier. Growlife has a focused commitment to hydroponics and cannabis cultivation.
The Growlife websites boasts award winning soil based products while hosting a well-structured website that is easy to navigate. while navigating through. The distinguishable difference between Scotts Miracle-Gro and Growlife is the noticeable dedication that Growlife demonstrates towards cannabis cultivation.
Is Growlife a good company to invest in?
Perhaps, the companies who are products suppliers to any industry at times have the best opportunities to establish strong business roots. For example, some of the richest people in the clothing industry are sometimes simply those who produce and supply zippers for clothing. Certainly, something to think about when investing into a business sector. What does a cannabis industry need? Cultivation products is unquestionably a good start.