Sugarmade Inc (SGMD)

[hawkeye45691]

What it could mean is another leg up to around $0.20 - $0.30 range depending on volume. When you think about a potential $40 million per year merger with Bizrate essentially going public via SGMD with SGMD being the clear gainer in such a merger, you quickly figure that the merged company is approaching Canopy Growth in terms of size (Canopy is on track to do about $60 million this year if I recall correctly).

If Canopy is a $60 million in revenue company with a valuation of $3.54 Billion, it seems reasonable to me that SGMD has the potential to exceed a $6 share price in the next three years. A $6 share price would make SGMD have a market cap of $1.2 Billion USD.

However, you need to do your own due diligence. This is simply my take on the company with a 3-year time horizon.