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Shares of Scotts Miracle-Gro Co. SMG, -4.84% dove 3.8% toward a near two-year low in premarket trading Tuesday, after the lawn care company, with its hands in the cannabis business, warned of lower-than-expected full-year profit give a surprise anticipated decline in Hawthorne sales. The company said it now expects fiscal 2022 sales for its Hawthorne business to decline 15% to 25% from a year ago, compared with previously provided guidance for growth of 8% to 12%.
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