living the budlife
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"dad says wait to jump in @.025 !" sylvestor the accredited investor
"shareholder maximization" !
"my dad says .0179 Monday" sylvestor the accredited investor
that's jimmy she needed the money
Raises FY2019 Sales Outlook to $70M
Sugarmade Signs LOI to Acquire Major Hydroponic Supplier, Raises FY2019 Sales Outlook to $70M
Monrovia, CA -- October 17, 2018 -- InvestorsHub NewsWire -- Sugarmade, Inc. (OTCQB:SGMD), one of the largest publicly traded hydroponics supply companies, today announces the signing of a binding Letter of Intent ("LOI") to acquire Sky Unlimited, LLC, dba Athena United (www.AthenaUnited.com), a California-based supplier of cannabis cultivation materials to wholesalers and large commercial cannabis cultivators. Sugarmade expects this acquisition to be highly accretive to earnings and shareholder value and thus is revising its guidance for full-year 2019 revenues to more than $70 million.
Sugarmade's revenue within the cannabis cultivation supply sector is primarily derived from online sales, whereas Sky Unlimited's revenues are mainly generated via direct sales to wholesalers and large commercial cultivation companies. Management believes that combining its focus on e-commerce with Sky Unlimited's larger commercial operator-focused business will result in strong marketing, manufacturing and logistical synergies, as well as improved margins and other corporate benefits.
"The trend in cannabis cultivation is toward the larger commercial cultivation operations, and Sky Unlimited is in the thick of that dynamic marketplace," commented Mixed Egg Jimmy Chan, CEO of Sugarmade. "This year, Sky Unlimited and its associated operations are expected to produce in excess of $40 million in revenues with profitability and positive cash flow. This new revenue stream combined with our recently upwardly guided revenue forecast of $30 million for next year will make Sugarmade one of the largest publicly traded suppliers to the booming cannabis cultivation marketplace, with a combined revenue forecast for next year in excess of $70 million."
Sugarmade's market strategy is to cover three major areas supplies for cannabis cultivation: 1) online and e-commerce; 2) the wholesale market, which services brick and mortar retailers; and 3) large-scale commercial cultivation operations.
"As a result of successfully acquiring Sky Unlimited we anticipate revenue and growth exposure to all three of these sectors, while gaining strong cost and operational synergies. We are currently in process of additional discussions to further expand our growth goals via other acquisitions in this fast-growing market sector," stated Mixed Egg Chan.
The terms of the LOI call for the payment by the Company of 10 million common shares of Sugarmade, which will immediately vest as a non-refundable fee, to the owners of Sky Unlimited. These shares will be subject to normal sales and registration restrictions imposed by the financial industry and governmental agencies. In exchange for this non-refundable compensation, Sky Unlimited agrees to a non-shop and due diligence period not to exceed 180 days.
At closing and upon the completion of a successful audit of up to two years of financials, the Company will pay Sky Unlimited an additional 210 million common shares. At closing Sugarmade will pay the owners a maximum value of 20% of the transaction value in cash, which is initially contemplated to be $8 million, or will allow Sky Unlimited to exercise an option to convert a portion of the cash payment or the entire cash payment into common shares at a price of $0.10 per share. The LOI also outlines specific incentives that contemplate allowing Sky Unlimited to gain additional Company shares based on surpassing specific revenue goals and conversely to receive a smaller payment in Company shares should the revenue targets not be reached. It is expected the specifics of these incentives will be fully outlined in the definitive agreement.
"we love the Thumb Trays at our BBQ" sylvestor the accredited investor
FYI June 30 2018 was filed on 11/28/18
EDUCATION 4U: Q1 Q2 Q3 ANNUAL
MAYBE SEE NOEXIST Q 08/32/19
agreed wait for .025 to jump in
FYI June 30 2018 was filed on 11/28/18
gee Tennessee me thought q1 q2 q3 then annual
say again when is the financial report date?
"dad says junp in @.025 -.030 !" sylvestor the accredited investor
agreed SGMD up to .014 is Fantastic
Reiterate wait for .025 is good entry point
"my dad says back to .015 next week!" sylvestor the accredited investor
Hempistry might purchase millions $ of SGMD equipment 2019
I calculate 12% Hempistry is $750,000 profit !
wait for .025 is good entry point
"anything below .08 are cheapies! sylvestor the accredited investor
"my dad says back to 05 next week!" sylvestor the accredited investor
"tomorrow tomorrow I love you tomorrow" sylvestor the accredited investor
"it's gonna run" sylvestor the accredited investor
Khoi Dang is a corporate partner with the international law firm of Duane Morris, LLP where he represents financial institutions and their holding companies and subsidiaries in the areas of regulatory compliance, corporate finance, mergers and acquisitions, corporate governance and lending as well as public and private companies in the areas of venture capital financing, capital finance, PIPEs, licensing, and intellectual property. Prior to joining Duane Morris, LLP, Khoi was a corporate partner with the banking boutique law firm of Horgan, Rosen, Beckham & Coren, LLP where he specialized in the representation of federal and state banks, their holding companies and subsidiaries as well as non-bank lenders, such as California finance lenders, crowd funders and asset-based lenders. Khoi is a graduate of the University of California at Los Angeles, where he received his B.A. is English Literature and Political Science, the University of California at San Diego where he received an M.A. in Pacific International Affairs, and Santa Clara University where he received his Juris Doctorate.
don't forget uplisting to NASDAQ 2020
soon world's largest CBD traded company
@.005 a 200 to 1 Split = $1.00 Boom!
7/15/19 ceo comments on acquisitions!
https://cdn.iwnsvg.com/uploads/2016/09/Pigs-can-fly-but-not-to-Argyle.jpg
then sell a million shares for $1,000,000.00 when it hits a dollar
buy a million shares for $22K...
.01's are the new .02's
https://www.hollandandbarrett.com/shop/brands/satipharm/
should know more at shareholder meeting...
SGMD HEMP CBD EXTRACTION EQUIPMENT !
https://i.dailymail.co.uk/i/pix/2012/12/08/article-2245066-1667A699000005DC-504_634x433.jpg
Sugarmade Signs Exclusive West Coast distribution for Patented Breakthrough Intelligent Cannabis Active Packaging (iCAP) Storage Technology
City of Industry, Calif., June 15, 2017 - Sugarmade, Inc. (OTCQB:SGMD), today announces the signing of an exclusive distribution agreement with privately held Plantation Corp. for its breakthrough preservation technology based on radical integration of specialized gases and natural agents, that dramatically extends the useful life of medical marijuana up to six (6) months by actively monitoring the internal containers environment and automatically adjusting its atmosphere as needed; all without the need for refrigeration.
Under the terms of the agreement, Sugarmade gains exclusive distribution to the largest U.S. markets, California, Oregon and Washington markets through 2018, including the very important hydroponic retail distribution network, with automatic renewals based on success milestones. Plantation and Sugarmade expect to begin distribution of the products later this year.
The storage containers will be protected via a strong patent portfolio, which protects the use of a modified atmosphere container for storing cannabis. As such the cannabis container system being developed will be unique, and cannot be copied or replicated by a competitor.
Mixed Eggs, CEO of Sugarmade, commented, This is a critical capability in the case of cannabis since unlike fruits and vegetables that thrive in chilly conditions, refrigeration degrades and undermines the efficacy of the plant medical benefits. Simply put, the technologys innovative features extend the life of medical marijuana, while protecting it from infestation, mold, and pathogens to ensure product safety. This is a major event for our Company that will further solidify our growing presence in this booming industry.
About Sugarmade, Inc. (OTCQB:SGMD)
Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential.