Hawthorne: Miracle-Gro's Subsidiaries Sue TerrAscend, JW Asset Mgt & Jason Wild For Trying To Ruin Its $175M Investment

The Hawthorne Gardening Company and Hawthorne Collective, subsidiaries of the Scotts Miracle-Gro Co (NYSE: SMG), sued JW Asset Management, LLC, TerrAscend Corp (OTCQX: TRSSF) and Jason Wild for violating U.S. antitrust law in their plan to take control of RIV Capital's (OTCPK:CNPOF) board of directors, reported Reuters. The lawsuit states: "This is a case about defendants' anticompetitive conduct designed to ruin plaintiffs' $175 million investment in a budding cannabis business." When Hawthorne invested $175 million in RIV Capital, it gained three seats on its board of directors. The investment helped fund Riv Capital's acquisition ...Full story available on Benzinga.com