SUGARMADE, INC (OTCQB:SGMD)
750 ROYAL OAKS DRIVE SUITE 108 MONROVIA, CA 91016
WEBSITE: SUGARMADE.com Email: info@sugarmade.com Phone: (626) 346-9512
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SUGARMADE OWNS CARRYOUT SUPPLIES AND 40% OF BUDCARS WITH OPTION TO BUY 30% MORE FOR CONTROLING INTEREST!!
Sugarmade to Acquire Hydroponic Retailer Hydro4Less Flagship
Location Adding to Streak of Planned Acquisitions (Jan. 2019)
MONROVIA, CA -- January 23, 2019 -- InvestorsHub NewsWire -- Sugarmade, Inc. (OTCQB:SGMD), a major supplier to the growing hydroponic cultivation sector, today announces its intent to acquire a retail location of Washington State-based Hydro4Less. The operation is expected to produce approximately $5 million in revenues and to be profitable during calendar 2019. Additionally, via the pending transaction, Sugarmade will gain an option to purchase two additional Hydro4Less retail operations, which are currently producing in excess of $20 million annually. Should all three acquisitions close, Sugarmade will increase its annual revenues by approximately $25 million per year.
PR- https://ih.advfn.com/stock-market/USOTC/sugarmade-inc-qb-SGMD/stock-news/79103437/sugarmade-to-acquire-hydroponic-retailer-hydro4les
On January 23, 2019 Sugarmade, Inc. (the “Company”) announced the signing of a Letter of Intent (the “LOI”) to acquire a retail location of Washington State-based Hydro4Less. The LOI outlines the general terms of a possible acquisition transaction. Pending the signing of a definitive agreement, Sugarmade will issue Five Million Dollars ($5,000,000) of its common shares at a price pegged at Ten Cents ($0.10) to the owners of Hydro4Less in exchange for the single retail operation, not including inventories on hand.
Additionally, via the pending transaction, Sugarmade will gain an option, at an acquisition price to be determined later, to purchase two additional Hydro4Less retail operations, which are currently producing in excess of Twenty Million Dollars ($20,000,000) annually. The single location acquisition that is the subject of the LOI, is expected to produce approximately Five Million Dollars ($5,000,000) for calendar year 2019 and is currently operating at a profit with positive operating cash flow. The Company believes the single location the acquisition would be accretive to earning for Sugarmade. Should all three acquisitions close, Sugarmade will increase its annual revenues by approximately Twenty Five Million Dollars ($25,000,000) million per year.
Hydro4Less is significant supplier to the growing hydroponic cultivation sector. Neither the Company nor Hydro4Less conduct any business involving the sale of any cannabis product or relating to any products containing cannabis.
Sugarmade Executes on $40 Million Definitive Agreement to Acquire
Sky Unlimited, LLC Creating Hydroponic Supply Powerhouse (Nov. 2018)
Monrovia, CA -- November 01, 2018 -- InvestorsHub NewsWire -- Sugarmade, Inc. (OTCQB:SGMD) today announces the signing of a binding Definitive Agreement to acquire Sky Unlimited, LLC, which through its AthenaUnited.com operations and website offers multiple popular hydroponic brands to several growing agricultural cultivation sectors. As a result of this acquisition, Sugarmade is raising its revenue guidance for calendar 2019 from $30 million to $70 million. Sugarmade expects this acquisition to be highly accretive to common shareholder value.
PR- https://ih.advfn.com/p.php?pid=nmona&article=78591268
10/16/18- Sugarmade Signs LOI with to acquire Sky Unlimited LLC
(Athena United) with Revenues of 40 Million. (Oct. 2018)
On October 15, 2018, the Company signed a Letter of Intent (the “LOI” or the “Agreement) to acquire Sky Unlimited, LLC doing business as Athena United (“Sky Unlimited”), a Southern California-based, supplier of hydroponic cultivation supplies to the wholesale sector and to large commercial cultivators. Athena United operates its ecommerce website at www.AthenaUnited.com. Under the terms of the Agreement, which contains both binding and non-binding elements, Sugarmade will acquire all of the outstanding capital stock and the business operations for a combination of cash and common shares of Sugarmade. Athena United, and its associated operations, is believed to be one of the larger operators in this market sector and is producing revenues of approximately $40 million per year, is profitable, and cash flow positive. Should the Company be successful in its acquisition efforts, the operation would be integrated under the Sugarmade corporate umbrella with Sugarmade assuming all operations and recognizing all revenues and profits.
*IT'S ALL ABOUT THE HEMP*
8/21/18- Sugarmade Launches Industrial Hemp and CBD Initiative with
Hempistry Inc.
Sugarmade, Inc. (SGMD), one of the largest publicly traded hydroponics supply companies, today announces a new corporate initiative in the booming hemp market. Sugarmade is committing up to $1,000,000 in capital over the next twelve months to invest in Hempistry, Inc. a privately held Nevada corporation, which has begun planting an ultra-high cannabidiol (CBD) industrial hemp strain in the U.S. State of Kentucky. Additionally, Sugarmade expects to sign an agreement with Hempistry for hemp cultivation supplies. Hempistry has already begun planting and has signed an agreement reserving up to 23,000 acres of prime Kentucky farmland for its exclusive use for hemp cultivation. Additionally, Sugarmade's CEO, Jimmy Chan, announces he has become an advisor to and a shareholder in Hempistry, Inc.
PR Statement- https://ih.advfn.com/p.php?pid=nmona&article=78110786
8k- https://ih.advfn.com/p.php?pid=nmona&article=78119557
https://www.facebook.com/SugarmadeInc/posts/1979692298760508
Sugarmade to Become The World's Largest Publicly Traded
Cannabis Industry Supply Company!!
BUDLIFE CANNABIS STORAGE
World's First And Only Patented Storage For Preserving Cannabis Flowers. Maximizing the Power of Medical Cannabis.
SUMMARY - Sugarmade, Inc. (OTCQB:SGMD) plans a leadership role in the market for cannabis storage via introduction of patented storage containers that utilize modified intelligent atmosphere packaging to extend the life of cannabis, preserve terpenes and THC/CBC levels, prevent spoilage, and reduce dangerous pathogens.
CHART:
| Authorized Shares | 1,990,000,000 | 12/31/2018 |
| Outstanding Shares | 646,888,318 | 12/31/2018 |
| -Restricted | 454,296,711 | 12/31/2018
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| -Unrestricted | 192,591,607 | 12/31/2018
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| Held at DTC | 184,493,775 | 12/31/2018
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| Float | 190,091,607 | 12/27/2018
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