Hydrofarm Holdings (NASDAQ: HYFM) has agreed to sell Aurora Peat Products to Raven Holdings for $16 million, including a $5 million promissory note. The proceeds will be used to reduce outstanding debt, while the transaction removes the capital-intensive peat harvesting business. Under a long-term supply agreement, Aurora Peat will continue supplying Hydrofarm, allowing the company to maintain its grow media business without owning the production assets. Sector: Agriculture / Hydroponics Key Highlights 💰 Selling Aurora Peat Products for $16 million 📝 Deal includes a $5 million promissory note 💳 Proceeds will be used to reduce outstanding debt 🌱 Long-term supply agreement ensures continued peat supply ⚙️ Reduces capital-intensive operations while maintaining the grow media business Why It Matters The divestiture strengthens Hydrofarm's balance sheet, lowers capital requirements, and allows the company to focus on its core operations while securing a long-term supply of peat products. Read More: https://www.thinksabio.com/reports/isr/HYFM