Investors in cannabis-related stocks should always keep an eye out for earnings releases and conference calls regarding the companies they're holding in their portfolio. Whether you're an existing or prospective investor in Scotts Miracle-Gro (NYSE:SMG), you should mark the company's upcoming earnings release in your calendar.
Related: Scotts Missed Earnings - Here's What Investors Need to Know
Many people have seen Miracle-Gro on the shelves at Home Depot, and Scotts' topsoil in their local garden center... but we're willing to bet you have not heard of the marijuana-focused soils brand, Black Magic. Through Black Magic, SMG's Hawthorne Gardening markets a variety of products/supplies targeted at the cannabis cultivator. What about General Hydroponics? Also a part of SMG's cultivation-focused Hawthorne subsidiary, General Hydroponics sells a variety of hydroponic cultivation systems and supplies. We're looking forward to the upcoming earnings announcement and conference call to see how these divisions are performing.
Related: Scotts' Cannabis-Focused Subsidiary to Drive Growth
Scotts will be reporting its Q3'17 earnings on Tuesday, August 1, 2017 just before the North American market open. Take note that there will also be a shareholder call to follow at 10:00 AM EST where management will provide additional color on the company's growth initiatives and more.
Related: 3 ETFs With Significant Exposure to SMG
Don't forget to mark your calendars if Scotts is one of your holdings, or if you are considering making an investment. Be sure to subscribe to one or more of our free e-mail newsletters so that you never miss an important cannabis update. Also, don't forget to connect with The Daily Marijuana Observer via social media on Facebook, Twitter, StockTwits, and Instagram.