Scotts Miracle-Gro completed a $150m investment in RIV Capital.

Scotts Miracle-Gro, a marketer of branded consumer products for lawn and garden care, completed a $150m investment in RIV Capital, a brand platform. "The closing of the investment from The Hawthorne Collective comes at a key moment for RIV Capital. The ongoing uncertainty around the status of US federal cannabis legalization continues to sideline significant amounts of capital, creating attractive acquisition opportunities in strategic markets. We believe we are well-positioned to capitalize on these opportunities, given our strong balance sheet and acquisition currency, and develop our operating and brand platform," Narbe Alexandrian, RIV Capital President and CEO.