Is Scotts Miracle-Gro the Least Favorable Investment in Vertical Farming and Hydroponics?

The Scotts Miracle-Gro Company (NYSE:SMG) has been identified as one of the worst vertical farming and hydroponic stocks to buy, as outlined in a recent article. Despite the promising growth potential of the hydroponics and vertical farming sectors—projected to reach $25.1 billion and $50.1 billion by 2027 and 2032 respectively—Scotts Miracle-Gro is struggling due to various internal and external challenges. The company’s financial troubles include a significant decline in sales from its cannabis-focused Hawthorne division, increasing debt, and rising operational costs driven by a reliance on expensive promotional strategies. While the firm has initiated cost-cutting measures to improve margins, ongoing issues with profitability and a debt-heavy balance sheet have raised investor skepticism. As a result, SMG’s stock has dropped over 20% year-to-date, positioning it at the top of the list of underperforming stocks in the agriculture sector.

Is Scotts Miracle-Gro the Least Favorable Investment in Vertical Farming and Hydroponics?

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