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The Scotts Miracle-Gro Company (SMG)

NYSE - Nasdaq Real-time price. Currency in USD
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40.29-4.90 (-10.84%)
As of 03:20PM EDT. Market open.
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    As a result, late in the trading day many North American weed stocks saw double-digit gains. Canada's Canopy Growth (NASDAQ: CGC) closed more than 22% higher, while compatriot Organigram Holdings (NASDAQ: OGI) rose by 17%. Numerous U.S.-based weedies did even better; Green Thumb Industries (OTC: GTBIF), to name one, advanced by 33%.

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    Why Scotts Miracle-Gro Stock Was Withering Today

    As of mid-afternoon trading on Wednesday, Scotts Miracle-Gro (NYSE: SMG) stock was doing the opposite of growing. On news of a payout for one of the agricultural and cannabis cultivation retailer's departed executives, investors were trading the shares down by over 4%. After market hours Tuesday, Scotts Miracle-Gro detailed in a regulatory filing the pay package it's doling out to former CFO Cory Miller.

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