Hydrofarm completes sale of Aurora Peat Products to Raven Holdings for USD 16 million
Reuters2026/08/06 21:10- Hydrofarm completed the sale of Aurora Peat Products to Raven Holdings for total consideration of USD 16 million, including a USD 5 million promissory note.
- Proceeds are slated to reduce outstanding Term Loan debt, cutting ongoing capital spending tied to peat harvesting assets.
- Aurora Peat will remain a supplier to Hydrofarm’s grow media business under a supply agreement.
- Hydrofarm will continue distributing Aurora Peat’s consumer gardening products under the same arrangement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pons: $20.93 million has been paid to token creators over the past 47 days
XRP’s Crazy August Is Almost Over – September Could Be Even Bigger
Crude oil is "coming back", but refined oil is "not coming back"; the global refining gap is widening.
According to Goldman Sachs, global refined oil exports have declined by about 6 million barrels per day year-on-year, with the Gulf region and Russia contributing three-quarters of the decrease. Unlike crude oil, which can be rerouted, damaged refineries cannot be relocated, and the Gulf region's refined oil exports have only recovered to 40% of pre-war levels. Goldman Sachs expects global refinery utilization rates to recover only by the second half of 2027; based on this, it has more than doubled its forecast for diesel profit margins in 2027.
Data: Detected an outflow of 35.11 million USDT from a certain exchange
Crypto prices
More
