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ScottsMiracle-Gro Announces Promotion of Nate Baxter to COO; Mike Lukemire to Remain President Until Retirement in Fiscal 2024 – Scotts Miracle Gro (NYSE:SMG)

MARYSVILLE, Ohio, Aug. 28, 2023 (GLOBE NEWSWIRE) — The Scotts Miracle-Gro Company SMG, the world’s leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, today announced that it is executing a succession plan for President and COO Mike Lukemire in preparation for his retirement in fiscal 2024.

Under the plan approved by the Board of Directors and agreed upon by Lukemire and Chairman and CEO Jim Hagedorn, Lukemire will step down as COO on September 3, 2023, and retain his position as president until his retirement. In a related move, Nate Baxter, 50, executive vice president of technology & operations, will be promoted to chief operating officer on September 4, 2023, reporting to Lukemire, who will mentor Baxter during a transition period. Lukemire, 65, has been with the Company for almost 28 years, serving as president since February 2016 and COO since January 2015. He continues reporting to Hagedorn.

“Mike is a trusted member of the executive team whose commitment to our Company, shareholders and associates is beyond reproach,” Hagedorn said. “His pragmatic, inspirational and results-focused leadership will help facilitate a smooth transition for Nate among all our stakeholders. I appreciate his long-standing partnership in which we together have navigated the Company through times of prosperity, challenging periods and an unprecedented pandemic.

“Since joining our Company earlier this year, Nate has demonstrated a willingness to step up and make an impact while building important relationships inside and outside our organization. His leadership skills and experience in all aspects of operations will be an asset in his expanded role. When coupled with his deep knowledge of our business through his membership in the Hagedorn Partnership, I am confident in his future success as COO and one of our next-generation leaders.”

Baxter joined the

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Edible Garden expands distribution deal with Walmart

Belvidere-based Edible Garden is growing its retail partnership with Walmart.

In a July 20 press release, the hydroponic farming company announced an expanded distribution agreement with the big box retailer that will bring a wider variety of its products to Walmart stores across the Northeast, as well as see it enter new retail locations in other regions of the country.

Founded in 2015, the company’s locally grown, sustainable lettuce, organic herbs, hydro basil, salad kits and protein powders can be found at more than 4,000 stores, including ShopRite, Gristedes, D’Agostino, Weis Markets, Meijer and King Kullen.

Edible Garden Chief Executive Officer Jim Kras said the company is pleased to grow its relationship with Walmart, noting that the company is “the world’s largest fresh produce retailer” and “has long been one of our most significant customers.”

Edible Garden's Garden Starters can be planted in a consumer’s home garden.
Edible Garden’s Garden Starters can be planted in a consumer’s home garden. – EDIBLE GARDEN

He continued, “Edible Garden has consistently achieved order fulfillment rates across all of our retailers and distribution partners that exceed industry averages, and in particular, we believe that achieving a fill rate in excess of 100% during the 2022 holiday season further strengthened our existing relationship with Walmart. We believe achieving this level of performance, despite the unprecedented supply chain challenges facing the industry, demonstrates the high levels of service and execution that Edible Garden is able to provide to its customers.”

“By continuing to exceed our partners’ expectations, we believe retailers such as Walmart have gained confidence in Edible Garden as a trusted, dependable supplier of sustainably grown produce and may look to identify opportunities to further enhance their distribution relationships with the Company. We believe this enhanced distribution relationship with Walmart will have a positive effect on our revenue in 2023 and beyond, bringing us closer to our

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Home Depot’s prefab, 1 bedroom home kit latest housing crisis solution

If you’re in the market for a backyard getaway or are looking for a possible solution to the housing market shortage, modern prefabricated tiny houses may be your answer. 

Depending on the unit’s size, features, and assembly requirements, Home Depot’s prefabricated tiny houses range from about $4,000 to $40,000. A curious user online posed the question in a tweet with an image of Home Depot’s $44,000 one bed, one bath 540 square-feet prefabricated house: “Thoughts?”

Although the product description states that it is “architecturally designed to provide extra-space outside of your home for personal use,” one user reacting to the tweet said that “getting off the grid” may be easier than ever. 

But there’s always a catch. 

Although the example image of the product shows a finished home, the kit only includes a steel frame – made with “high-quality,” termite-proof steel that is low-maintenance and “won’t bend, twist, warp, or mold” – as well as the necessary components to assemble the product.

Additionally, steel frame buildings are not affected by rodents or bugs, are fire resistant and recyclable, the company, PLUS 1 Homes, claims.

An example of a pre-fabricated home sold at Home Depot in June, 2023, for roughly $44,000. The "Getaway Pad" steel frame <a href=home kit was produced by PLUS 1 Homes.”/

“You have complete freedom to design and finish your ADU in a completely unique way: to match your spatial needs, budget, and personal style,” the company said. “The Home Depot offers most finishings you’ll need to complete your personal space such as doors, windows, electrical, plumbing and finishes,” the product description states.

The frame includes punched holes for “easier installation of electrical and plumbing” and space for two mini kitchens – one along the wall opposite the sofa and another upstairs deck area. 

All available models can be modified for requirements in seismic, hurricane, tornado, heavy snow load, or other circumstances to “meet the challenges of Mother

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