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Sugarmade Closes Lemon Glow Acquisition, Gaining Cannabis Property Capable of 64 Tons of Cannabis Flower Production Per Annum
Press Release | 05/17/2021
NEW YORK, May 17, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Sugarmade, Inc. (OTCMKTS: SGMD) (“Sugarmade”, “SGMD”, or the “Company”) is pleased to announce the signing of a Definitive Agreement (the “Agreement”) for its acquisition of Lemon Glow Company, Inc. (“Lemon Glow”) and all of its assets, interests, property, and rights, including 640 acres of real estate (the “Property”) located in Lake County, California, outside of the Commercial Cannabis Cultivation Exclusion Zones.
With the signing of the Agreement by all relevant parties, and the consummation of the transactions required by the Agreement, the acquisition of Lemon Glow is now closed and final.
Jimmy Chan, CEO of Sugarmade, commented, “This step brings us closer to closing the loop on what we believe to be one of the most promising vertically integrated cannabis models in the thriving California market. We are setting the stage to improve margins while expanding end-market access, and to grow, refine, produce, distribute, sell, and home-deliver top cannabis products in the largest and fastest growing cannabis market on the planet. This acquisition positions us to achieve that objective with a significant capacity to scale as demand for our products and services grows over time.”
The Lemon Glow acquisition includes 640 acres of property, 32 of which have already been designated for outdoor cannabis cultivation. The annual potential cultivation yield at the Property is estimated to be approximately 4,000 pounds of dry trimmed cannabis flower per acre per year, which represents approximately 128,000 pounds, or 64 tons, of dry trimmed cannabis flower per year in total.
Sugarmade also be
Sugarmade Closes Lemon Glow Acquisition, Gaining Cannabis Property Capable of 64 Tons of Cannabis Flower Production Per Annum
Press Release | 05/17/2021
NEW YORK, May 17, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Sugarmade, Inc. (OTCMKTS: SGMD) (“Sugarmade”, “SGMD”, or the “Company”) is pleased to announce the signing of a Definitive Agreement (the “Agreement”) for its acquisition of Lemon Glow Company, Inc. (“Lemon Glow”) and all of its assets, interests, property, and rights, including 640 acres of real estate (the “Property”) located in Lake County, California, outside of the Commercial Cannabis Cultivation Exclusion Zones.
With the signing of the Agreement by all relevant parties, and the consummation of the transactions required by the Agreement, the acquisition of Lemon Glow is now closed and final.
Jimmy Chan, CEO of Sugarmade, commented, “This step brings us closer to closing the loop on what we believe to be one of the most promising vertically integrated cannabis models in the thriving California market. We are setting the stage to improve margins while expanding end-market access, and to grow, refine, produce, distribute, sell, and home-deliver top cannabis products in the largest and fastest growing cannabis market on the planet. This acquisition positions us to achieve that objective with a significant capacity to scale as demand for our products and services grows over time.”
The Lemon Glow acquisition includes 640 acres of property, 32 of which have already been designated for outdoor cannabis cultivation. The annual potential cultivation yield at the Property is estimated to be approximately 4,000 pounds of dry trimmed cannabis flower per acre per year, which represents approximately 128,000 pounds, or 64 tons, of dry trimmed cannabis flower per year in total.
Sugarmade also benefits from the acquisition in terms of team capital as Lemon Glow executive team members will stay on and become the core management team at the cannabis cultivation site, granting the operation over 30 years of cannabis cultivation experience.
“The Lemon Glow team are tremendous additions to the Sugarmade team,” added Chan. “They have vast experience and established skills, as well as intricate knowledge of the Property and its local grow context. That’s an enormous added value proposition in this deal. We look forward to bringing them on board, ramping up operations at the property, and taking key steps toward delivering on the promise of Sugarmade’s farm-to-door vision.”
About Sugarmade, Inc.
Sugarmade Closes Lemon Glow Acquisition, Gaining Cannabis Property Capable of 64 Tons of Cannabis Flower Production Per Annum
Press Release | 05/17/2021
NEW YORK, May 17, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Sugarmade, Inc. (OTCMKTS: SGMD) (“Sugarmade”, “SGMD”, or the “Company”) is pleased to announce the signing of a Definitive Agreement (the “Agreement”) for its acquisition of Lemon Glow Company, Inc. (“Lemon Glow”) and all of its assets, interests, property, and rights, including 640 acres of real estate (the “Property”) located in Lake County, California, outside of the Commercial Cannabis Cultivation Exclusion Zones.
With the signing of the Agreement by all relevant parties, and the consummation of the transactions required by the Agreement, the acquisition of Lemon Glow is now closed and final.
Jimmy Chan, CEO of Sugarmade, commented, “This step brings us closer to closing the loop on what we believe to be one of the most promising vertically integrated cannabis models in the thriving California market. We are setting the stage to improve margins while expanding end-market access, and to grow, refine, produce, distribute, sell, and home-deliver top cannabis products in the largest and fastest growing cannabis market on the planet. This acquisition positions us to achieve that objective with a significant capacity to scale as demand for our products and services grows over time.”
The Lemon Glow acquisition includes 640 acres of property, 32 of which have already been designated for outdoor cannabis cultivation. The annual potential cultivation yield at the Property is estimated to be approximately 4,000 pounds of dry trimmed cannabis flower per acre per year, which represents approximately 128,000 pounds, or 64 tons, of dry trimmed cannabis flower per year in total.
Sugarmade also benefits from the acquisition in terms of team capital as Lemon Glow executive team members will stay on and become the core management team at the cannabis cultivation site, granting the operation over 30 years of cannabis cultivation experience.
“The Lemon Glow team are tremendous additions to the Sugarmade team,” added Chan. “They have vast experience and established skills, as well as intricate knowledge of the Property and its local grow context. That’s an enormous added value proposition in this deal. We look forward to bringing them on board, ramping up operations at the property, and taking key steps toward delivering on the promise of Sugarmade’s farm-to-door vision.”
About Sugarmade, Inc.
Sugarmade Closes Lemon Glow Acquisition, Gaining Cannabis Property Capable of 64 Tons of Cannabis Flower Production Per Annum
Press Release | 05/17/2021
NEW YORK, May 17, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Sugarmade, Inc. (OTCMKTS: SGMD) (“Sugarmade”, “SGMD”, or the “Company”) is pleased to announce the signing of a Definitive Agreement (the “Agreement”) for its acquisition of Lemon Glow Company, Inc. (“Lemon Glow”) and all of its assets, interests, property, and rights, including 640 acres of real estate (the “Property”) located in Lake County, California, outside of the Commercial Cannabis Cultivation Exclusion Zones.
With the signing of the Agreement by all relevant parties, and the consummation of the transactions required by the Agreement, the acquisition of Lemon Glow is now closed and final.
Jimmy Chan, CEO of Sugarmade, commented, “This step brings us closer to closing the loop on what we believe to be one of the most promising vertically integrated cannabis models in the thriving California market. We are setting the stage to improve margins while expanding end-market access, and to grow, refine, produce, distribute, sell, and home-deliver top cannabis products in the largest and fastest growing cannabis market on the planet. This acquisition positions us to achieve that objective with a significant capacity to scale as demand for our products and services grows over time.”
The Lemon Glow acquisition includes 640 acres of property, 32 of which have already been designated for outdoor cannabis cultivation. The annual potential cultivation yield at the Property is estimated to be approximately 4,000 pounds of dry trimmed cannabis flower per acre per year, which represents approximately 128,000 pounds, or 64 tons, of dry trimmed cannabis flower per year in total.
Sugarmade also benefits from the acquisition in terms of team capital as Lemon Glow executive team members will stay on and become the core management team at the cannabis cultivation site, granting the operation over 30 years of cannabis cultivation experience.
“The Lemon Glow team are tremendous additions to the Sugarmade team,” added Chan. “They have vast experience and established skills, as well as intricate knowledge of the Property and its local grow context. That’s an enormous added value proposition in this deal. We look forward to bringing them on board, ramping up operations at the property, and taking key steps toward delivering on the promise of Sugarmade’s farm-to-door vision.”
About Sugarmade, Inc.
SGMD
Sugarmade, Inc.
Common Stock
0.0025
0.00
0.00%
0.0023 / 0.0025 (10000 x 2070000)
Real-Time Best Bid & Ask: 05:00pm 05/21/2021
Delayed (15 Min) Trade Data: 12:00am 05/21/2021
Pink Current Information
Verified Profile 12/2020
Transfer Agent Verified
SGMD
Sugarmade, Inc.
Common Stock
0.0025
0.00
0.00%
0.0023 / 0.0025 (10000 x 2070000)
Real-Time Best Bid & Ask: 05:00pm 05/21/2021
Delayed (15 Min) Trade Data: 12:00am 05/21/2021
Pink Current Information
Verified Profile 12/2020
Transfer Agent Verified
boom boom BOOM,MONEY,MONEY,MONEY,$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
its gone go look,$$$$$$$$$$$$$$$$$$$$$$$$$
ur name says it all,lol,$$$$$$$$$$$$$$$$$$$$
$$$$$$$$$$$$,money,money,money
NEW,8-K OUT
I AGREE
somebody knows something
1 WAY OR ANNOTHER GONA GETCH,GETCH
YES-TO THE MOON,TO THE MOON,$$$$$$$$
u can not buy from tda on 5-25-2021,restricted
three cents is 3 more cents more then u have,lol,$$$$$$$$$$$$$$$$$
I AGREE 100%
this is good news within bad news,at least hes trying to get rid of it,just knowing that hes trying tells me he cares somewhat.maybe he needs the money from shares sold to pay for some of these deals,who knows whats going on
yes,TDA till may 25 then u cant buy but u can sale,did u get there message on this,go read it,thank u
got more today,load up,$$$$$$$$$$$$$$$$$$
The U.S. Securities and Exchange Commission ("SEC) recently approved amendments to rules regarding investor protections when trading in Over the Counter ("OTC") securities. One potential impact of these rule changes is that when current information regarding issuers' financials is not available, and/or quotations are also unavailable, such securities may be designated as Caveat Emptor ("buyer beware"). These changes have the potential to create conditions where the security is difficult to sell or trade.
Effective May 25, 2021, TD Ameritrade will restrict orders in Caveat Emptor-designated securities to liquidation only. Only closing orders will be accepted after this time and existing orders to open new positions will be canceled. We are notifying you as you may have traded in or held positions in securities of this type within the past 12 months.
Why is this change happening?
A Caveat Emptor security is a designation the OTC Markets Group places on a security after a determination was made surrounding the company that there may be potential risk to investors. Caveat Emptor securities also have the potential for illiquid and highly volatile conditions.
Some of the potential risk factors may include:
a potentially misleading or manipulative stock promotion,
known investigation of fraudulent or criminal activity committed by the company or insiders,
regulatory trading suspensions or halts,
disruptive or undisclosed corporate actions, and/or
other reasons related
did it show up as a buy or sale
sgmd,big money here
On April 27, 2021 (the “Effective Date”), Sugarmade, Inc. (the “Company”) entered into an amendment (the “LOI Amendment”) to the March 28, 2021 letter of intent (the “LOI”) entered into by and between the Company and Lemon Glow Company, Inc., a California corporation (“Lemon Glow”, and, together with the Company, the “Parties”).
As described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on April 1, 2021, on March 28, 2021 the Parties entered into the LOI. Under the terms of the LOI, the Parties agreed to enter into an acquisition agreement pursuant to which the Company would acquire Lemon Glow for a purchase price of $23,280,000, $4,656,000 of which will be paid in cash and $18,624,000 of which will be paid in equity.
The Parties mutually agreed that the LOI would be valid for a period of thirty (30) days from the date of signing, which was March 28, 2021, after which the terms of the LOI would no longer be valid. Therefore, the LOI would expire on April 28, 2021, unless amended to extend the term of the LOI.
On the Effective Date, pursuant to the LOI Amendment, the Parties agreed to amend the LOI by extending the term of the LOI to forty-five days (45) from March 28, 2021 – or May 12, 2021.
Pursuant to the LOI Amendment, the Parties confirmed their intent to close the transaction outlined in the LOI and to close as soon as is possible, but not later than May 12, 2021. Additionally, the Parties affirmed the reason for the extension of the term of the LOI does not pertain to any disagreement or any intention to change the proposed terms outlined in the LOI, but instead was done to provide additional time for the Parties to complete certain corporate actions necessary to effect the acquisition of Lemon Glow by the Company, certain of which require filings that must be received and processed by State governmental bodies that, as of the date of this Current Report on Form 8-K, have not yet been processed. Additionally, the LOI Amendment was entered into to provide additional time for the drafting of the definitive acquisition agreement pursuant to which the Company intends to acquire Lemon Glow, as well as the completion of all necessary due diligence that the Parties have agreed must occur before the definitive agreement may be entered into by the Parties.
The foregoing description of the LOI is qualified by the description of the LOI in the Company’s Current Report on Form 8-K filed with the SEC on April 1, 2021, the description of which is incorporated by reference herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SUGARMADE, INC.
Date: April 30, 2021 By: /s/ Jimmy Chan
Name: Jimmy Chan
Title: Chief Executive Officer and Chief Financial Officer
sgmd,8-k out,big money,
On April 27, 2021 (the “Effective Date”), Sugarmade, Inc. (the “Company”) entered into an amendment (the “LOI Amendment”) to the March 28, 2021 letter of intent (the “LOI”) entered into by and between the Company and Lemon Glow Company, Inc., a California corporation (“Lemon Glow”, and, together with the Company, the “Parties”).
As described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on April 1, 2021, on March 28, 2021 the Parties entered into the LOI. Under the terms of the LOI, the Parties agreed to enter into an acquisition agreement pursuant to which the Company would acquire Lemon Glow for a purchase price of $23,280,000, $4,656,000 of which will be paid in cash and $18,624,000 of which will be paid in equity.
The Parties mutually agreed that the LOI would be valid for a period of thirty (30) days from the date of signing, which was March 28, 2021, after which the terms of the LOI would no longer be valid. Therefore, the LOI would expire on April 28, 2021, unless amended to extend the term of the LOI.
On the Effective Date, pursuant to the LOI Amendment, the Parties agreed to amend the LOI by extending the term of the LOI to forty-five days (45) from March 28, 2021 – or May 12, 2021.
Pursuant to the LOI Amendment, the Parties confirmed their intent to close the transaction outlined in the LOI and to close as soon as is possible, but not later than May 12, 2021. Additionally, the Parties affirmed the reason for the extension of the term of the LOI does not pertain to any disagreement or any intention to change the proposed terms outlined in the LOI, but instead was done to provide additional time for the Parties to complete certain corporate actions necessary to effect the acquisition of Lemon Glow by the Company, certain of which require filings that must be received and processed by State governmental bodies that, as of the date of this Current Report on Form 8-K, have not yet been processed. Additionally, the LOI Amendment was entered into to provide additional time for the drafting of the definitive acquisition agreement pursuant to which the Company intends to acquire Lemon Glow, as well as the completion of all necessary due diligence that the Parties have agreed must occur before the definitive agreement may be entered into by the Parties.
The foregoing description of the LOI is qualified by the description of the LOI in the Company’s Current Report on Form 8-K filed with the SEC on April 1, 2021, the description of which is incorporated by reference herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SUGARMADE, INC.
Date: April 30, 2021 By: /s/ Jimmy Chan
Name: Jimmy Chan
Title: Chief Executive Officer and Chief Financial Officer
yes,big money here$$$$$$$$$$$$$$$$$
On April 27, 2021 (the “Effective Date”), Sugarmade, Inc. (the “Company”) entered into an amendment (the “LOI Amendment”) to the March 28, 2021 letter of intent (the “LOI”) entered into by and between the Company and Lemon Glow Company, Inc., a California corporation (“Lemon Glow”, and, together with the Company, the “Parties”).
As described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on April 1, 2021, on March 28, 2021 the Parties entered into the LOI. Under the terms of the LOI, the Parties agreed to enter into an acquisition agreement pursuant to which the Company would acquire Lemon Glow for a purchase price of $23,280,000, $4,656,000 of which will be paid in cash and $18,624,000 of which will be paid in equity.
The Parties mutually agreed that the LOI would be valid for a period of thirty (30) days from the date of signing, which was March 28, 2021, after which the terms of the LOI would no longer be valid. Therefore, the LOI would expire on April 28, 2021, unless amended to extend the term of the LOI.
On the Effective Date, pursuant to the LOI Amendment, the Parties agreed to amend the LOI by extending the term of the LOI to forty-five days (45) from March 28, 2021 – or May 12, 2021.
Pursuant to the LOI Amendment, the Parties confirmed their intent to close the transaction outlined in the LOI and to close as soon as is possible, but not later than May 12, 2021. Additionally, the Parties affirmed the reason for the extension of the term of the LOI does not pertain to any disagreement or any intention to change the proposed terms outlined in the LOI, but instead was done to provide additional time for the Parties to complete certain corporate actions necessary to effect the acquisition of Lemon Glow by the Company, certain of which require filings that must be received and processed by State governmental bodies that, as of the date of this Current Report on Form 8-K, have not yet been processed. Additionally, the LOI Amendment was entered into to provide additional time for the drafting of the definitive acquisition agreement pursuant to which the Company intends to acquire Lemon Glow, as well as the completion of all necessary due diligence that the Parties have agreed must occur before the definitive agreement may be entered into by the Parties.
The foregoing description of the LOI is qualified by the description of the LOI in the Company’s Current Report on Form 8-K filed with the SEC on April 1, 2021, the description of which is incorporated by reference herein.
sgmd,big money here,
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SUGARMADE, INC.
Date: April 30, 2021 By: /s/ Jimmy Chan
Name: Jimmy Chan
Title: Chief Executive Officer and Chief Financial Officer
LIAR,LIAR UR PANTS ON FIRE,LOL
4 MILLION SHARES I GOT READ MY LAST POST
pistol2 Wednesday, 04/28/21 01:42:41 PM
Re: Mattie711 post# 51042 0
Post #
51045
of 51055
From: Notices|Date: 04/26/21 1:43 PMMessage available until 06/04/21.
Dear Valued Client,
The U.S. Securities and Exchange Commission ("SEC) recently approved amendments to rules regarding investor protections when trading in Over the Counter ("OTC") securities. One potential impact of these rule changes is that when current information regarding issuers' financials is not available, and/or quotations are also unavailable, such securities may be designated as Caveat Emptor ("buyer beware"). These changes have the potential to create conditions where the security is difficult to sell or trade.
Effective May 25, 2021, TD Ameritrade will restrict orders in Caveat Emptor-designated securities to liquidation only. Only closing orders will be accepted after this time and existing orders to open new positions will be canceled. We are notifying you as you may have traded in or held positions in securities of this type within the past 12 months.
Why is this change happening?
A Caveat Emptor security is a designation the OTC Markets Group places on a security after a determination was made surrounding the company that there may be potential risk to investors. Caveat Emptor securities also have the potential for illiquid and highly volatile conditions.
From: Notices|Date: 04/26/21 1:43 PMMessage available until 06/04/21.
Dear Valued Client,
The U.S. Securities and Exchange Commission ("SEC) recently approved amendments to rules regarding investor protections when trading in Over the Counter ("OTC") securities. One potential impact of these rule changes is that when current information regarding issuers' financials is not available, and/or quotations are also unavailable, such securities may be designated as Caveat Emptor ("buyer beware"). These changes have the potential to create conditions where the security is difficult to sell or trade.
Effective May 25, 2021, TD Ameritrade will restrict orders in Caveat Emptor-designated securities to liquidation only. Only closing orders will be accepted after this time and existing orders to open new positions will be canceled. We are notifying you as you may have traded in or held positions in securities of this type within the past 12 months.
Why is this change happening?
A Caveat Emptor security is a designation the OTC Markets Group places on a security after a determination was made surrounding the company that there may be potential risk to investors. Caveat Emptor securities also have the potential for illiquid and highly volatile conditions.
From: Notices|Date: 04/26/21 1:43 PMMessage available until 06/04/21.
Dear Valued Client,
The U.S. Securities and Exchange Commission ("SEC) recently approved amendments to rules regarding investor protections when trading in Over the Counter ("OTC") securities. One potential impact of these rule changes is that when current information regarding issuers' financials is not available, and/or quotations are also unavailable, such securities may be designated as Caveat Emptor ("buyer beware"). These changes have the potential to create conditions where the security is difficult to sell or trade.
Effective May 25, 2021, TD Ameritrade will restrict orders in Caveat Emptor-designated securities to liquidation only. Only closing orders will be accepted after this time and existing orders to open new positions will be canceled. We are notifying you as you may have traded in or held positions in securities of this type within the past 12 months.
Why is this change happening?
A Caveat Emptor security is a designation the OTC Markets Group places on a security after a determination was made surrounding the company that there may be potential risk to investors. Caveat Emptor securities also have the potential for illiquid and highly volatile conditions.
make that 3,$$$$$$$
clesr for me not for u,read it again
how many months ago,dont think so
4 mil i got=04/26/2021 12:14:15 Bought 900000 SGMD @ 0.0034