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Must cost a whole lot to post to the 10 followers on twitter ....
Why would a sgmd person be wary of the stock like i am? I can assure you im not, im sitting in my office in ogden utah working as a nutraceutical purchaser...
I too have been concerned and said this form the beginning, There are THOUSANDS of delivery companies all through california, some with real time tracking and apps like uber...I've ordered myself before at venice beach when i visit.
I agree, just hope we don't get Slippin Jimmy'ed again...
The gross margin is approximately 50% of gross sales. However, due to the increased manpower, advertising and marketing expenses, the Company has not yet generated net profit from the BudCars operation
mine says you can buy the domain... good one jimmy!
Not really. Monster and rockstar have about 150mg caffeine from all sources. Bang is 300mg. That's the strength of extremely strong pre-workouts. I've got a bottle of cellucor C4 pre workout on my desk right now and its only 150mg caffeine, And then a bottle of BSN Xplode pre workout and its 275Mg.. Bang downright out of control on caffeine..
I'm all for the company but here this..
The Hemp protein in a drink is my biggest Gripe with Kona Gold. Its stupid and is essentially worthless, Its just hype and could even be called misleading thats its even in there in a reasonable amount to actually do something for you...
I an a purchaser for a Vitamin and supplement Manufacturer.
Hemp Seed protein has been legal and has been in the US market forever, Decades. It's just like any other protein powder (pea, whey, soy, sacha inchi Ect..)
It costs $5.50 Per Kg (2.20462lbs) organic shipped from Canada or now some USA growers.
Humans need 50-200 GRAMS of protein a day. Kona is putting MICROGRAMS in it...Why even eat a microgram of protein? Its ridiculous... there's more sweeteners and flavorings by weight in Kona than actual hemp protein.
And yes it tastes horrible.. like a freshly mowed lawn with some skunk thrown in..
I believe in the company selling good energy drinks but if your after it for hemp protein being in it, they fooled you...
Bang at least has creatine in it in a clinical dose... I don't drink bang, to much caffeine, don't drink kona, not here in Utah but I would if it were here just for taste.
Now if it had CBD or some other actual dose of something, that would be awesome.
For otc pennies they still do
The website looks like it was made with alta vista and ask jeeves in 2004 on a dial up modem by a kid in middle school....
imo they released "news" today, and maybe will tomorrow, just to dilute for $$ and cash in the last few days before the 8 billion shares get added 6/18/2020
Usually he does lie.. theres no evidence they have merged or record revenues only "we plan on it" talk. Last time he did it for 70 million in revenues that never came , this time its 10 million, with a WHOLE lot more shares diluted
Glad im out
Our board of directors and Majority Voting Stockholder approved on April 21, 2020 an increase to the number of common shares of the corporation from 1,990,000,000 to 10,000,000,000. The effective date of the Common Share Increase will be established by our board, which we anticipate will be on or about May 25, 2020.
EFFECTIVE DATE
Pursuant to Rule 14c-2 under the Exchange Act, the above action to effect the Common Share Increase will not be effective until a date at least twenty (20) days after the date on which the definitive Information Statement has been mailed to the stockholders. We anticipate that the actions contemplated hereby will be effected on or about the close of business on June 18, 2020.
Also, They did mention they had to purchase somewhere around 8 new cars, that at 20k a pop+ taxes license insurance ect. could be a reason for dilution. gotta spend money to make money
anyone can buy or sell masks or gloves. I have about 2 pallets of each in my warehouse right now we deal with food. have to have them. Many people I purchase from now offer masks and gloves, when they didnt before, its common sense
It is not opportunism when sgmd isn't really a cannabis company, They are a restaurant paper supply company. Who needs masks and gloves right now? restaurants! They are just providing restaurant customers what they already needed.
yes the share structure and deadlines are alarming.
Also take into account on the masks gloves SGMD is selling the majority of them to the "carryoutsupllies" prior customers. Restaurants that use "carryoutsupplies" now need masks and gloves to feed the customers.
The general public isn't going to know about carryoutsupplies.com
Restaurants and businesses are now required to wear mask in front of the customer or in food prep, that is where the demand for them are going, as they will burn through several a day in glove and mask changes. sgmd has a legitimate reason to help supply masks to the takeout industry.
suissac, That's obviously a very different situation, trying to scam off unapproved at home tests kits that have never been legal..
you know that sgmd has been importing and selling disposable paper products for years, they just happened to import masks because there is a need for them.
SGMD doesnt need to be reported to the sec for just selling gloves and masks, that are legal to sell anywhere, homedepot, grocery stores, grainger, gas stations ect.. As long as they are not price gouging its fine, and even price gouging is a grey area, as demand has increased and made the price go up.
I've been purchasing gloves and masks by the pallet for my work for years, nothing related to covid 19. But yes, supplies are harder to get now and many companies I deal with have started to offer and stock these supplies to help with the current situation.
Now as far as dilution and not reporting income ect.. SEC complain all you want to them on that...
Kona Gold set revenue projections of $6-$8 million for 2020 and the Company strongly feels it will hit those numbers this
year. The COVID-19 pandemic has had an impact on revenues in early 2020, but we anticipate having a very successful
summer and continued growth with Kona Gold and Gold Leaf Distribution throughout the rest of 2020.
We anticipate we will have our Kona Gold Hemp Energy Drinks on the shelves of our first major grocery store chain by this
summer. Our team recently signed another Anheuser-Busch distribution
partner in Brevard County Florida and we are in talks with several more AB
distributors in Florida, along with Tier 1 and mid-size distributors in several
other states. Additionally, our team is focusing on direct ship retail store
chains in the U.S., such as Huck’s Stores, one of Kona Gold’s current direct ship partners.
Gold Leaf, our distribution company, has grown to over 600 retail accounts and is slated to see exciting growth in the coming
months. Gold Leaf recently became an authorized distributor for Circle K Stores, BI-LO grocery stores, and Winn Dixie grocery
stores. Gold Leaf will begin distributing Lemin brand lemonade to over 200 Circle K’s in South Carolina next week, a new
product for Circle K’s. In addition, Gold Leaf will begin distributing Lemin to BI-LOs and Winn Dixies as well. Gold Leaf currently
distributes Aloe King to BI-LO grocery stores. These new accounts will generate substantial revenue for Gold Leaf and open
doors for other distribution opportunities.
The Company has recently hired a new securities counsel, BakerHostetler, who will take lead on filing the Company’s S-1.
Filing and registering our S-1, and becoming fully reporting will be a huge milestone for the Company. This will further elevate
Kona Gold’s profile within the investment community and allow the Company the opportunity to pursue higher exchanges.
Our new securities counsel will be updated on the Company’s OTC profile within the coming days.
In 2020, Kona Gold Solutions will be looking at several acquisitions on the beverage and distribution sides of the Company.
The Company has been working closely with other beverage brands and distributors, which has
created opportunities for acquisitions. We will be looking at these potential acquisitions directly
after the registration of our S-1.
I called the them out on Twitter for dilution and sgmd blocked me... real cool sgmd, real cool....
Ive been jumping back in at these prices too recently, was here since 2017. Whats your target? I remember the days of .10 hoping to go back up to .43
They arent related to the company i dont think. Any time any penny stock hits the breakout boards this same team pumps all morning then sells all afternoon..
Called it, pump team came in and we lost 3.7% end of day
It will eventually but the pump team always flips for the short term and causes it to go down and stagnate for few days typically..
Pumping team is in, get ready for the price to lose todays 10% gains tomorrow..
Asked when we could see and earnings report, and they replied
Sugarmade Inc (OTCQB:SGMD)
@Sugarmade1
Replying to
Very soon (Grinning face)
Twitter
Sugarmade Inc (OTCQB:SGMD)
@Sugarmade1
SugarMade & #Budcars thanks all of our loyal customers for keeping us busy 24/7 during these troubling times. While we know your life has been disrupted we are here to help you with all of your #Cannabis needs! #StayHome, #StaySafe Flag of United States! #COVID19 #TuesdayMotivation $SGMD #WeedLife
KGKG
2 hours ago 4/8/2020
Robert Clark
@RobertClarkCEO
Our e-commerce websites are currently down and we are working with our hosting provider to get them back up as soon as possible. On the bright side, Amazon and online sales have been very strong! #kgkg
Twitter 2 hours ago
Robert Clark
@RobertClarkCEO
Our e-commerce websites are currently down and we are working with our hosting provider to get them back up as soon as possible. On the bright side, Amazon and online sales have been very strong! #kgkg
RMN, there are far more than 20 delivery companies around, due some quick searches on weedmaps.com in reality there Hundreds if not thousands of delivery services in Cali, essentially every store that offers MJ also offers delivery.
But yes you are right sgmd is one of few publicly traded. I got back up to my original share count position now that prices are Sub-sub penny.. and am hopeful. But be aware sgmd is not the first to be in this delivery space nor is there only 20 companies, because cali has been delivering mj since medical became legal in '96. again I'm hopeful now that share price is .003 and they predict 15 million from budcars, but also lets be aware they only have 40% stake in budcars meaning -60% of 15 million from the get go, and thats not taking into account all operating costs ect...
I see, I had in in my watchlists and it showed that stock sticker was up and going already after the RS even before today..
Here is the Finicials though just released. looks like a whole lotta debt and "going concern"....
https://ih.advfn.com/stock-market/USOTC/can-b-qb-CANBD/stock-news/82149512/annual-report-10-k
Ummm, Correct me if I'm wrong but Canb changed names/tickers yes still (canb) otcqb, But i show an 18,452.63% increase today??? !$^@, I have a grand of funds set to clear tomorrow... Whats going on?
Kona Gold Solutions, Inc. Hits 2019 Revenue Projections
Company Posts Annual Percent Growth Rate of 960%
Melbourne, FL -- March 31, 2020 -- InvestorsHub NewsWire -- Kona Gold Solutions, Inc. (OTC Pink: KGKG), a hemp and CBD lifestyle brand focused on product development in the functional beverage sector, is pleased to announce it has hit its 2019 revenue projection estimate of $1.5 - $2 million set back in January of 2019. The Company closed out 2019 with revenues of $1,631,653, an annual percent growth rate of 960% from 2018.
Kona Gold had a phenomenal growth year in 2019. The Company executed on all fronts. This growth included hiring key personnel, opening its 30,000 sq ft distribution center in South Carolina, the signing of over 60 distributors in 36 states, and bringing amazing new products to market in the way of current brand line extensions and new products. The Company’s record revenue in 2019 comes off the sales of its Kona Gold Hemp Energy Drinks (70%), HighDrate CBD Energy Waters (21%), and Storm CBD Waters (2%). The remaining 7% of revenue came from shipping revenue and apparel.
“I am very excited to announce to our shareholders the Company experienced 960% growth in 2019 from the previous year, hitting our revenue projections with over $1.6 million in sales,” stated Robert Clark, CEO of Kona Gold Solutions, Inc. “Very few companies experience this kind of growth and we can attribute it to many key hires we made in 2019, along with our great product lines that resonate with our consumers. We have positioned our Company as the leader in the hemp and CBD functional beverage space and will continue to grow our market share in 2020.”
Clark continued, “The Global and US economy is experiencing unprecedented times with the Covid-19 pandemic. Our Company’s subsidiaries are still fully operational and we continue to execute our strategic plan for 2020. We look forward to continuing the growth we experienced in 2019 into 2020, growing Kona Gold into a strong national brand.”
Kona gold News out 960% up and projections met
https://www.otcmarkets.com/stock/KGKG/disclosure
OTC QB posted up
back at .01
And I'll put this out there...
Since were holding nice and steady for the last while, where is the team of 100+ posts a day Pumpers (that I'm convinced are actually shorters)???
When they pump share price falls..SgMD iS ThE ubEr oF WeEeEd! tO tHe mOoON!!
Us that have been around a long time know who they are..
We'll see how it hold but im up 14% overall from yesterday on pot pennies this morning..
I'm hoping we stay down till that stimulus check gets to us, for more shares..
Day traders and flippers dump end of day especially on Fridays to recap and start fresh for the next week, logging their P&L's. Also, bad news usually happens after hours on Friday if there is bad news to be had, so holding till monday morning isn't what day traders want to do.
I'm just saying be wary if you aren't a flipper, cant go much lower than .003 so yes probably a great opp in the future. but Jimmy has not given us real proof of investment or merger yet with budcars.., when he does, yes up we go, but he doesnt have a good track record.. And for sure that DD pack does need updated, its misleading to include the bzrth stuff at this point in 2020.