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750 Royal Oaks Drive Suite 108 Monrovia, CA 91016
Email: firstname.lastname@example.org Phone: (626) 346-9512
OTCMarkets Quote: https://www.otcmarkets.com/stock/SGMD/quote
SEC EDGAR: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000919175&owner=exclude&count=40&hidefilings=0
Sugarmade Executes on $40 Million Definitive Agreement to Acquire
Sky Unlimited, LLC Creating Hydroponic Supply Powerhouse
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.
10/16/18- Sugarmade Signs LOI with to acquire Sky Unlimited LLC
(Athena United) with Revenues of 40 Million.
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
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!!
Sugarmade and BizRight Merger
On December 13, 2017, Sugarmade Inc., a Delaware corporation (the “Company”) entered into a Master Marketing Agreement with BizRight Hydroponic, Inc. (“BizRight”), a leading marketer and manufacturer of cannabis and hydroponic growth supplies, which offers a range of hydroponics-related products including: HPS grow lights, electronic ballasts, HPS Bulbs, nutrient mixes, environmental control products, pH measurement and calibration solutions and other cannabis-related grow and storage products. BizRight operates the ZenHydro.com website and other e-commerce properties, and sells various products to distributors and retailers.
The Company believes the execution of this Agreement will make Sugarmade, Inc. the largest public supplier to the growing cannabis supply marketplace. The Company will not engage in the marketing or sale of any cannabis or cannabis-containing products via this Agreement, which has a twenty (20) years term. BizRight is expected to produce at least $30 million in revenues during calendar 2017 and to be profitable. Significant revenue growth is expected for 2018. Sugarmade plans to offer more specific revenue guidance to its investors in subsequent announcements.
Under the terms of the Master Marketing Agreement, all products procured, developed and imported by BizRight will be sold by the Company, which will recognize all revenues.
Subsidaries of BizRight:
Ipower Sold on Amazon and Walmart Marketplace!!
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.
BUDLIFE White Paper: http://www.otcmarkets.com/financialReportViewer?symbol=SGMD&id=174762
Other Subsidaries of Sugarmade, Inc.(OTCQB:SGMD)
| ||Authorized Shares || |
| ||Outstanding Shares ||299,897,579 || |
| ||-Restricted ||111,944,791 || |
| ||-Unrestricted ||187,952,788 || |
| ||Held at DTC ||183,473,775 || |
| ||Float || |