James Hagedorn, Chief Executive Officer and Chairman of the Board Scotts Miracle-Gro CEO on the tremendous opportunity in the cannabis space, potentially spinning off the fast-growing Hawthorne division and more...

The World According to Boyar

The Interview Discusses:

• How their cannabis division Hawthorne has grown over 100% over the past two years.
• Why he decided to enter the cannabis business.
• His thoughts on the current regulatory environment for cannabis and what he believes needs to change.
• Where the biggest money will be made in a post cannabis "prohibition" world and where they are investing.
• The logic of potentially spinning out the Hawthorne business.
• The demographic shift that is greatly helping their traditional consumer business.
• A meeting he had with Henry Kravis in ~2007 and what he did in response to that meeting.
• Why Scotts has been a “pandemic beneficiary.”
• His thoughts on inflation.
• How they have changed their marketing to target millennials.
• Their innovative weather partnership with IBM that could greatly enhance their marketing.
• Why he believes private label is not a threat to his consumer business.
• How they incentivized employees during the pandemic.

Important Disclosures. The information herein is provided by Boyar’s Intrinsic Value Research LLC (“Boyar Research”) and: (a) is for general, informational purposes only; (b) is not tailored to the specific investment needs of any specific person or entity; and (c) should not be construed as investment advice. Boyar Research does not offer investment advisory services and is not an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”) or any other regulatory body. Any opinions expressed herein represent current opinions of Boyar Research only, and no representation is made with respect to the accuracy, completeness or timeliness of the information herein. Boyar Research assumes no obligation to update or revise such information. In addition, certain information herein has been provided by and/or is based on third party sources, and, although Boyar Research believes this information to be reliable, Boyar Research has not independently verified such information and is not responsible for third-party errors. You should not assume that any investment discussed herein will be profitable or that any investment decisions in the future will be profitable. Investing in securities involves risk, including the possible loss of principal. Important Information: Past performance does not guarantee future results.

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