The Scotts Miracle-Gro Company (NYSE:SMG) announced the signing of a non-binding letter-of-intent to acquire an additional 25% financial interest in Bonnie Plants, Inc. from the Alabama Farmers Cooperative, Inc. Post completion, Bonnie Plants will operate as a 50/50 joint venture owned by The Scotts Miracle-Gro Company and Alabama Farmers Cooperative. North Inlet Advisors served as financial advisor to SMG on its original 25% investment in Bonnie Plants in 2016.