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Cry here all you want. But a company in the MJ space growing like this and doing $70mm is likely worth 30 or 40 cents. It is only a matter of time. Long and strong on Kshb and sgmd. The two places to be in cannabis.
All I care about is the future. A company doing $70 million in the MJ space is worth a lot more than 9 cents a share here. This will go higher. Some will be on the train. Some won't.
ALL THAT MATTERS, THE REST IN JUST NOISE.
"The Company does not believe the issues outlined above will affect the Company’s ability to meet its previously outlined revenue goal for calendar 2019 of $70 million, thus revenue guidance for calendar 2019 remains unchanged."
REITERATES $70 MM FOR NEXT YEAR - ENOUGH SAID - THIS GOES HIGHER - MUCH HIGHER
Have probably been in this stock longer than almost anyone here. Have sold some and made money and bought higher and lost some also. Overall up very nicely. I am not selling anything however right now. Just as Sleek has noted - Told you so - should have loaded because this will probably run like it did last year. Will probably sell everything if this hits $0.27 again. Until then long and strong.
I had issues accessing it also. But just got on it. Look like a good product line. Probably getting so many hits the servers are freaking out!
Very happy with SGMD and KSHB. The two stocks to own on the MJ sector. A new $70 million forecast is very impressive. Staying here for the long haul. Been here and staying. Should be back in the .20's again soon. Lots of junk in the MJ space right now. SGMD and KSHB are two of the real companies.
Should be a big week with the shareholder meeting.
this should go back to $0.20 so happy I stayed with SGMD
Am I reading the news correctly/ $90 million in acquisitions?
I think Kush would be a great target. Great managment - solid balance sheet - quality company. There are cheaper private companies out these likely. But Kush has it going on!
This is why I have stayed with Kush and Sugaramade (sgmd). This makes SGMD almost as big as KSHB. Just filed:
Sugarmade is in the advanced stages of negotiating at least two potential acquisitions (the “Acquisition(s)) of companies engaged in businesses that are similar to the Company’s hydroponic cultivation and hydroponic supply businesses. While terms have yet to be finalized, the Company expects any such Acquisition(s), if such any ultimately take place, to be completed via a combination of cash and common shares in the Company. The largest of the target companies, which operations both online and brick and mortar retail operations, is producing revenues on a run rate basis of approximately $40 million per year, is profitable and cash flow positive.
I knew I stayed with Sugarmade for a reason. Ha ha just filed:
Sugarmade is in the advanced stages of negotiating at least two potential acquisitions (the “Acquisition(s)) of companies engaged in businesses that are similar to the Company’s hydroponic cultivation and hydroponic supply businesses. While terms have yet to be finalized, the Company expects any such Acquisition(s), if such any ultimately take place, to be completed via a combination of cash and common shares in the Company. The largest of the target companies, which operations both online and brick and mortar retail operations, is producing revenues on a run rate basis of approximately $40 million per year, is profitable and cash flow positive.
It's the HEMP! Thanks to Hemp gods on this one. Talk about marketing timing on this one. Hemp is the hottest thing going - aside from CBD and SGMD has both now.
From their Facebook page last night. Sure make farming anything other than hemp seem pretty silly:
Raw Tobacco sells for less than one dollar per pound, broccoli for $.35 a pound, Cabbage $.29 per pound. Commercial hemp Requires less water, it’s much more resistant to molds, funguses and pests and requires far less day-to-day maintenance during the growth cycle. So, thanks so much for asking but, yes. Hemp is clearly one of the most Lucrative agricultural commodities in existence today. Again, thanks so much for asking.
Wow Frontloading what a great find. I had no idea there were so far advanced. If Sugarmade put in $1 million of the $2 mm total I would think SGMD shareholders will end up owning a good amount. Interesting find great work.
Interesting post on the company Facebook page on the hemp plantation. Does anyone know when it gets harvested?
The water needed for hemp is very similar to the water needed for tobacco. The area in Kentucky where the farm is located has a long history of tobacco cultivation with many of the farmers now considering switching over to hemp. The great thing about Kentucky is that it has the periodic rain intertwined with sunny dry spells making it up to more formal tobacco and hemp.
Haha -Sugarmade still trading a really low price compared to its revenues. Way less than many other MJ stocks that have 90% less revenue than SGMD.
Great to see this deal. Now a CBD player too. So happy I stayed with Sugarmade.
So happy I stayed here with KSHB. Been a long time holder of this and Sugarmade (SGMD) have made some good money for the family. SGMD out today with industrial hemp announcement. I wonder if Kush will also be supplying that industry.
She is movin' now. Happy to have stayed with stock.
Very happy with the revenue growth rate here. The company did less than 1 million two quarters ago, 3 million last quarter and that is expected to trend to an average of about $8 million per quarter. You don't see that growth in most of these MJ companies. No going anywhere with Sugarmade or KSHB.
Certainly a great day. Kshb up over 10% and SGMD up over 30% my two favorite, and only MJ plays, continue to do well. Watch that SGMD, got to go higher now that it is back at fully reporting.
914K to 400K buys to sell ratio. Impressive. Will it last is the question. Momentum looks good.
Missed the run today. But still happy to see it get back to a resonable price. Anyone have any predictions where we will be in a week?
Will take some time for most to notice the change. What's going to be exciting is the movement upward on sales each quarter. If they are tracking at $30 million per year that is $7.5 million each quarter so we are going to get something like $1.0mm for Dec 2017, $3 million for March 2018 and $4.5 for June 2018 and $7.5 million for Sept 2018. Pretty huge increases. Should be exciting.
the exciting thing to me on SGMD is that there has been so little dilution. Check back a couple of years ago and since that time the share count has gone up only a bit. There can never be more than 300 mm shares of SGMD without a shareholder vote. That means if the company really does the $30 mm they state, then the market value is only $30 mm, Kush bottles and other MJ companies sell at 6 to 10 times that value.
I have stayed with Sugarmade and Kush through all of these ups and down. MJ supplies are where it is at in cannabis investing. i love KSHB because it is an industry leader and has a good balance sheet. I like SGMD because the shares are so cheap. If SGMD traded where KSHB trades SGMD will be a $0.60 stock. Not going anywhere on either.
I have stayed with Sugarmade and Kush through all of these ups and down. MJ supplies are where it is at in cannabis investing. i love KSHB because it is an industry leader and has a good balance sheet. I like SGMD because the shares are so cheap. If SGMD traded where KSHB trades SGMD will be a $0.60 stock. Not going anywhere on either.
Agreed. Buy on this dip.
Still here. Waiting for something good to happen with Kush. Would like to see a buyout but I think this valuation is still too high. Staying with KSHB and Sugarmade SGMD waiting for financials and or a buyout. Still believe in both.
Very happy to see this first filing. SGMD still way undervalued. It will get back to fully reporting and then we are right back above .25. Still own this and Kush Bottles. The only two that need to be owned in cannabis.
I am thinking this goes right back over .20 with the reports. They would not have filed with the SEC today if they had not been ready to get caught up. Staying with this.
wow wow wow. looks like Budlife is real. So happy. This will go higher!!!! I love my SGMD and me KS
https://www.sec.gov/Archives/edgar/data/1458704/000101738618000093/plantation_s-1.htm
The first product launched in the roll out will be the BudLifetm Intelligent System Lid designed for use with Mason jars, the most commonly used storage containers by home cultivator/growers and small cultivator/growers. The size most commonly used is a one-quart version, which contains one ounce of marijuana. Management believes this is the fastest way to build revenue with new orders and continuing re-orders since the BudLifetm Intelligent System Lid keys into a large existing Mason jar base. The closest analogy would be supplying a breakthrough blade for the existing razor market. Management will concurrently introduce the one-pound container but delivery will be delayed until there are sufficient BudLifetm Intelligent System Lids manufactured to satisfy market demand.
Sugarmade Inc., a Delaware corporation (“Sugarmade”), is a public company (SGMD) and a leading packaging distributor for the medical marijuana industry through their CannaShroud division (www.cannashroud.com/), which manufactures packaging that reduces MJ odor for discrete shipping. Since launching, they have expanded into other products and are launching an information and sales MJ/MMJ package and container website with 80+ products.
On or about June 8, 2017, the Company entered into a distribution agreement with Sugarmade, appointing Sugarmade the exclusive distributor for BudLife in California, Washington and Oregon. With this agreement, Sugarmade has committed, with million-dollar minimums, to making the BudLifetm Intelligent Container Line their prime marketing and sales focus. They will sell to various current cultivator/grower customers and MMJ dispensaries in California, Washington and Oregon.
Sugarmade will also sell to current hydroponics store customers and will expand to additional locations in their market territory. These stores sell to the small cultivator/growers and they sell many different items that this group needs from irrigation to Mason jars.
Trump's statements on Friday that cannabis enforcement is a state's rights issue should continue to help both KSHB and Sugarmade (SGMD). Still the only two cannabis stocks I need to own. Up big on both and will continue to hold- will buy more on any "correction"
Interesting dynamic in KUSH and SGMD valuations:
Relative to Kush and Sugarmade, on 50M revenue for SGMD (Bizright, Budlife, Stix) in 2018 and the increase of shares to 1B due to the structure of the merger, we give SGMD a market cap of approx. 210M.
When we do a comparison to other companies, such as KSHB, we find that KSHB trades at 12x sales with no preparatory products.
If we give a price to sales of 12x, we should have a price target for SGMD at approx. 0.70. We believe SGMD is DRASTICALLY UNDERVALUED at today's price. Within the next week or so, we will have future guidance by Jimmy.
Right now, we know that Bizright will bring in approx. 40M in 2018. We believe 50M in sales is obtainable and is a low target of this year sales.
This is a very exciting and unusual merger. When was the last time a smaller company bought out a larger company? This only happens once every blue moon. We are speculating that Bizright sees the HUGE POTENTIAL in the marijuana storage business, hence BudLife. You have to ask yourself why a larger company that is growing at 33% sales would want to merge with a smaller company. Our belief is they already know the huge market that is in front of them. Companies are known for having future purchase orders to make large deals. We believe that's how SGMD made this deal happen.
I am very happy with owning Sugarmade and Kush Bottles. Both give me exposure to the MJ space and both are real companies.
You can own one of the other MJ stocks that has NO REVENUES, but why would you do that when SGMD is a real deal. We can see the products, visit the company and order and receive their products to our homes.
Love Both
thanks for the info. Looking forward to tomorrow. we will see how the numbers are?
any speculation?
Has anyone figured out what is happening with the guidance. Friday is a market closed day it think? When is the guidance coming out
Kind of amazing SGMD is planning on issuing guidance. What OTC company does that? pretty cool.
Yes it does feel good to be on this train!!!!