Reported 10 days ago
The Scotts Miracle-Gro Company (SMG) finds itself on a list of the worst stocks in vertical farming and hydroponics, facing significant financial struggles, particularly within its cannabis-focused segment. Despite slight revenue growth, challenges such as increasing debt, reliance on promotions, and high operational costs are causing investor skepticism. The company’s ongoing difficulties, highlighted by a 35% drop in Hawthorne segment sales and soaring marketing expenses, suggest that SMG is not positioned for long-term success, prompting doubts about its viability in a competitive market.
Source: YAHOO