Scotts Miracle-Gro Company (NYSE:SMG), the world's largest marketer of branded consumer lawn and garden as well as a leader in indoor and hydroponic growing products, announced on Wednesday its results for the third quarter ended June 29, 2024. Cannabis-focused subsidiary Hawthorne Gardening Company's net sales for the quarter decreased 28%, to $67.7 million, compared to $93.4 million last year. The company said the drop was largely due to the previously announced discontinuation of its third-party distributed brands business. "Hawthorne has generated its first profitable quarter since the third quarter of fiscal 2022, a reflection that the changes we have made are strengthening the business despite continued industry hardships," Chris Hagedorn, division president, said. "We are on track to break-even or better adjusted EBITDA in fiscal 2024 and are positioning Hawthorne for future growth." Read Also: Scotts Miracle-Gro’s Cannabis-Focused Subsidiary Reports 39% YoY ...