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I don’t think we will need one. If they close out all these acquisitions and then the relationship with Hempistry, there will be revenue galore. Institutional investors will be coming in droves. Institutional investors like Vanguard are already investing in cannabis companies. They are still cautions because of the legalities and the FDA interpretations of the whole thing. Once the gray areas are gone they are coming full force. As for SGMD they just need a reason to invest in SGMD. Right now they look at SGMD and see potential like we do. But, when they see revenues on the books they will come.
I expect this stock to be well over $10 a share by this time next year
SGMD is planning to “significantly expand” its operations to provide supplies for growers of hemp in Kentucky. This is some really exciting stuff! They estimates that hemp farmers in Kentucky will ultimately require “hundreds of millions” of hemp plant clones and SGMD has started to make deliveries of micropropagation supplies to farmers. Get ready for some big jumps in revenue in the near future!
According to Jimmy, farmers in Kentucky are facing the challenge of a hemp boom, stating, “With at least 42,000 acres of hemp expected to be planted in Kentucky and considering an average plant density per acre of well over 1,000 farmers in Kentucky will need hundreds of millions of clones over the coming years.” Wow! That just shows you where this is headed. Just focusing on Kentucky will generate significant revenue for a number of years. This is going to be very big!
https://www.networknewswire.com/sugarmade-inc-sgmd-shipping-micropropagation-supplies-for-the-plant-clones-needed-to-meet-demand-from-kentucky-hemp-farmers/
Good article. We see again the relationship with Hempistry. Jimmy is describes as the CEO of Sugarmade and as a Director at Hempistry. It will be interesting to see how it unfolds.
https://www.networknewswire.com/sugarmade-inc-sgmd-shipping-micropropagation-supplies-for-the-plant-clones-needed-to-meet-demand-from-kentucky-hemp-farmers/
Yes, we learn from this that it takes time to complete these deals. The Bizright LLC deal was announced to the public on November 16, 2017. Sugarmade actually entered the agreement on December 13, 2017. The Schedule 13D was signed on May 10 2019. That is a full 1 1/2 year for them to be working on this deal. I imagine it took this long because of the small staff, financing issues, accounting issues, etc. Once Sugarmade becomes larger it should be a lot speedier because they will have more people to handle it and more money to pay for it. Also, most large corporations work on the deal in the background first before they make it public. That way if the deal goes south no one would be the wiser. But, Jimmy has to do a balancing act in the early stages. He has to make it public to keep the stock price up, so as not to be heading towards delisting and also to attract more investors so that he can finance the deal. We have to give Jimmy a lot of credit, I am sure he was working around the clock on this and the other deals.
I see it signed as May, 10, 2019.
It’s just a matter of time. It’s a waiting game. This company is generating too much revenue to be where it’s at pps. It could start taking off after the quarterly financials. It could be take off when the banking legislation is passed or anything else. But it will soar!
Yes, the numbers could be well over $1.00 if we get some news and more attention to the stock. We need speculators and investors. For example NUGS made only $15.8K in revenue in 2018 and is listed on the OTC Pink and is at $1.21 pps. While SGMD made 4.4M in 2018 and is listed on the OTCQB and is at $0.041 pps. Investors many times do not just trade by the numbers but it is how they feel about a stock. Some stocks they feel is more sexy. Almost doesn't seem fair...lol.
It’s going to be interesting to see how it all plays out. Evidently, they are teaming up to make this work. But, however they do it I see SGMD benefitting tremendously.
My guess is that just like Canopy Growth and Acreage Holding they are all gearing up for US legalization. I think it will be very soon also.
Your welcome. There are quite a few posts on here that have connected the dots that there may be an IPO/merger/spin off going on with Hempistry. There are basically four companies involved. SugarMade, Cannabis Strategic Ventures, Captor Capital Corp. Each of these companies seems to have at least one of their executives involved in some business of Hempistry. Something is going on.
Look at frontloading’s post of “Still rolling with Hempistry tidbids.” Post # 15927. We are connecting the dots here. Sugarmade or Hempistry are not going to verify this information one way or another until they are ready to execute their plan and make it public.
Jimmy is running the show at Hempistry. He is the Chairman of the Board of Directors....hmmmm!
Good stuff!
Investors are discovering this SGMD/NUGS/Hempistry possibility!
Marijuana stocks are highly recession resistant!
This article says that marijuana is considered a vice industry, just like tobacco and alcohol, and those industries do pretty well during an economic downturn. So we can assume that marijuana will do well also. ISo SGMD should be still selling a significant amount of supplies during a major downturn. Let’s hope that SGMD is involved with Hempistry and NUGS in a big way. That combo is sure to be recession resistant.
https://www.fool.com/
Investors are feeling an explosion about to happen with SGMD!
Hempistry Holdings principle office address is a mail forwarding center. So they probably just incorporated there for certain tax or legal benefits. I wish we knew where the mail was forwarded that would definitely tell a little more of who's involved.
Principal Office
30 N Gould Se STE R
12201 Lemon Tree Drive
Sheridan, wy 82801
https://www.google.com/maps/place/Wyoming+Mail+Forwarding+and+Coworking/@44.7977587,-106.9571618,17z/data=!3m1!4b1!4m5!3m4!1s0x5335fabc2a638ba3:0xdcb2f8df92045da1!8m2!3d44.7977549!4d-106.9549678
Mailing Address
30 N Gould St, Ste R
Sheridan, wy 82801
http://saratogaplatte.chambermaster.com/list/member/wyoming-mail-forwarding-llc-331
With the discovery that something is about to happen between these companies I am thinking this stock price is going to start creeping back up.
That would be a powerhouse!
I am sure he does. Money makes those politicians move...lol
The pieces are slowly falling in place.
Yeah, it looks like they are getting ready. The initial $1,000,000 investment by Sugarmade into Hempistry was in common shares allowing Sugarmade common shareholders to possibly benefit from any future initial public offering of Hempistry. But, I think they may just do a reverse merger with Hempistry and roll the whole thing in together. That would be nice then we could just use the Hempistry name. I don't know if NUGS has any investments in Hempistry.
https://www.publicwire.com/sugarmade-launches-industrial-hemp-cbd-initiative/
Yeah, I see Canopy as being a monster also. But, that company with its ties to Acreage Holdings have all of the political insiders to give them a step up. That’s why I think this NUGS/SGMD/Hempistry venture is going to happen. Because they know that if they don’t make a move soon they are going to be left in the dust. So, I think this is the early beginnings of some type of move.
Yeah, most of them are not making money. I read an article the other day that said the majority of these cannabis companies will not be around in 5 years. Many will be acquired or merge. Some just will not get it together to make money and go out of business.
That's business! Most new companies are not going to make money in the beginning and even if they are established and have made some profit, it does not mean that it will stay that way. Examples are KMart, Radio Shack, Payless, Sears, Toy R Us, etc. There are many that do not make it 5 years much less 100. But, as an investor I intend to make money on their rise.
Also, most of these cannabis companies are losing money because they have to spend money to expand. Canopy Growth, Tilray, Aurora are all losing money. So SGMD and NUGS are no different. Even Uber and Lyft are loosing money. You think Amazon and Microsoft made money in the beginning? Look it up!
Yes, it could be the Hempistry Inc. IPO. It is possible that SGMD could do the reverse merger with Hempistry Inc and that entity would be under the Hempistry Holdings Company along with NUGS. It is interesting.
Yes, it could be the Hempistry Inc. IPO. It is possible that SGMD could do the reverse merger with Hempistry Inc and that entity would be under the Hempistry Holdings Company along with NUGS. It is interesting.
Yeah, I see it there. I though, at one time, I saw it on his LinkedIn page. But it is not there.
But anyway, these guys are all connected to each other and it appears that they are working together to build something big. That is the smart approach to becoming a major player. If you noticed, In the last few weeks there were some major moves, such as Canopy Growth trying to buy Acreage Holding when marijuana is legalized in the US to become a bigger player. Also Dixie Brands and Khiron Life Sciences have teamed up with a joint venture to take advantage of Mexico legalization and US legalization of marijuana. Also Acreage Holdings owns 7% of Dixie Brands, So when it becomes legal in the US then Canopy Growth will own 7% of Dixie Brands via there Acreage purchase. I think Canopy Growth will eventually buy Dixie Brands outright. But those are the moves that you have to make to become a major player. I think this what these guys are trying to do. So soon we may hear good news about this.
I think they are setting up Hempistry Holdings as like a parent corporation, that will owns enough voting stock in these companies, that it can control their policies and oversee its management decisions. It will not produce goods or services itself; rather, its sole purpose is to own shares of the other companies for control. It is a limited liability company, or limited partnership so it also reduce the risk for them. It merely maintains oversight capacities and therefore does not actively participate in running a business' day-to-day operations.
So you have to think that the companies that will be under that umbrella may be Hempistry Inc. for one because John Vu is the CEO of it and John Vu is listed as the Incorporator of Hempistry Holdings.
https://www.bizapedia.com/wy/hempistry-holdings-inc.html
https://www.bizapedia.com/people/wyoming/john-vu.html
The other company that may be under this umbrella is Sugarmade because Jimmy Chan lists himself as the chairman, adviser, and chairholder of Hempistry Inc. He at one time listed himself as the cofounder of Hempistry Holdings but seems to have removed that reference. He may be reading these posts..lol
https://www.linkedin.com/in/jimmy-chan-78738362/
https://www.publicwire.com/sugarmade-launches-industrial-hemp-cbd-initiative/
The other company that may be under this umbrella is Cannabis Strategic Ventures (NUGS) because at one time the CEO, Simon Yu, was once the Chief Operations Officer of SGMD. Also John Vu Incorporator of Hempistry Holdings is legal counsel for NUGS and Jimmy Chan is listed as a consultant and a Control Person or beneficial shareholder in some filings for NUGS.
https://www.reuters.com/finance/stocks/company-officers/SGMD.PK
https://www.linkedin.com/company/cannabisstrategicventures/people/
So we see the pieces slowly being formed. Will it turn out this way? Who knows things can change or they can have something else in mind. But from the way I see it now, that's the direction it seems to be headed. If it works out like that it will be good for the shareholders for all the companies involved. It will also be good for all 3 companies.
This is what MIGHT happen with SGMD
As we know, Sugarmade, Cannabis Strategic Ventures, & Hempistry have been meeting and discussing something. Whether it is a joint venture or mergers/spinoffs or something, we don't really know. But we do know, that there are many connections between the companies and there are many scenarious that could play out on what they are planning. But one scenario that I see is that Cannabis Strategic Ventures (NUGS) is the one that could be doing the acquisition of or leading the joint venture with Sugarmade. It could be that Hempistry may be fully acquired by SGMD. Remember, SGMD has already invested $1,000,000 in the form of common shares in Hempistry allowing Sugarmade common shareholders to possibly benefit from any future initial public offering of Hempistry. So SGMD may just fully acquire Hempistry. Remember the $20,000,000 loan from K&J Funding (NUGS ?). They have some change to do it. Then SGMD can do a joint venture with or be acquired by NUGS. If they do a joint venture the NUGS/SGMD dual would be a powerhouse combination. If NUGS does an acquisition of SGMD then Hempistry could be another company along with Sugarmade that is in the NUGS portfolio. Imagine the amount of hemp/marijuana that could be supplied with the combination of Hempistry, with 23,000 acres along with the 6 acre NUGS Farm. Sugarmade would be providing the hydroponics supplies. That would be a powerhouse overnight. Either way it goes SGMD shareholders benefit.
Straight from NUGS LinkIn page:
"Through mergers, acquisitions and incubating startups, the company is working towards creating a portfolio of companies that share our vision and create shareholder value. As we continue our journey, we look forward to meeting many new partners and engage in joint venture relationships."
We have seen all of the connections with these 3 companies. Key executives have known each other for years and they have been meeting & talking. Jimmy Chan has 12,600,000 shares of NUGS and is listed as a Control Person or beneficial shareholder on NUGS OTCQB Certification filing. Another filing of NUGS has Jimmy listed as a consultant.Because Jimmy is involved with NUGS in some capacity that is why I see NUGS as the lead company that will be controlling everything and will acquire SGMD. Jimmy is also involved with Hempistry. Something is brewing. Now lets look at some numbers.
Financials
NUGS-2018 Revenue-$15.9k PPS-$1.28 OTC Pink 2019 Revenue guidance-?
SGMD-2018 Revenue-$4.44M PPS-$0.039 OTCQB 2019 Revenue guidance-$70M
Hempistry- TBD
It seems that NUGS has managed to catch the minds of investors. Even though they are trading OTC Pink and not making much revenue, they are still trading well over $1 a share. There is a lot of speculation in that stock price. What has helped that stock is when they put out a PR saying they planted 20,000 cannabis plants at new 6-Acre licensed site called NUGS Farm North. It soared after that. So, if they roll SGMD into their portfolio there is no telling where that stock price will climb because SGMD will definitely help their bottom line. So SGMD would be the immediate prize to them if it is acquired. Then if they can bring in Hempistry, with its thousands of acreage into the fold that stock will really climb. NUGS has also applied for uplisting to OTCQB so that is going to help their stock price go up even further when it is complete. I think, if this scenario happens, it will likely be a stock-for-stock merger with SGMD, in which holders of shares of SGMD will have that stock replaced with shares of NUGS. Which will be quite lucrative for SGMD shareholders. Under this scenario, there would be a new power player in the cannabis sector among the ranks of Canopy Growth, etc.
This is all speculation of course but it could be a good approach. We shall see what happens soon.
That’s if the filing is on time
Exactly! You hit nail on the head. We should be looking to accumulate at these low prices.
Yeah, it's been slowly going down, but it is far from death. We are still in the beginning stages. There will be some ups and downs, but in the end it will be all up. Sugarmade is gearing up for something. They will close out these acquisitions, and maybe be acquired, or a RM/Spinoff with Hempistry or something. Take advantage of these low share prices and buy more, if you can, because in the end it will pay off. Something big is going to happen soon.
Yes, once SGMD is on investors radar, it will soar.
It may mean some shares of Hempistry for us when it goes public.
Look at the connections:
* John Vu CEO of Hempistsy
https://www.linkedin.com/in/john-vu-esq-12a52434/
* Jimmy Chan is cofounder of Hempistry Holdings. chairman, adviser and shareholder of Hempistry Inc
https://www.linkedin.com/in/jimmy-chan-78738362/
https://www.publicwire.com/sugarmade-launches-industrial-hemp-cbd-initiative/
*Suagarmade invest $1,000.000 in Hempistry
https://www.networknewswire.com/sugarmade-inc-sgmd-invests-in-hempistry-to-reinforce-its-cbd-market-position/
I believe all that is left to close out these acquisitions is money. It's all done on paper. That's why Jimmy has been putting out these pr news wires and signing the micropropagation supply deliveries for Hempistry. It was to get the share price up. But now with K&J Investments and it's connection to CEO John Vu of Hempistry its all about to be done. I think Hempistry is going to go public. The only question I have is how and when. No matter what it will benefit Sugarmade in some way.
Here is some good info about Reverse Mergers
There are many different ways that they can do it. RMN is correct when he says that the best way is with a "virgin shell corporation" and Sugarmade is not considered a "virgin shell." A "virgin shell" is a clean company with no business. But, a reverse merger can also be done with a company with a "little business." The right attorneys can get this done.
But also, a company can “go public” utilizing a “spinoff” which means a private company becomes a subsidiary of an existing public company. For example, Hempistry could becomes a subsidiary of Sugarmade, which then spins off Hempistry along with its shareholder base which creates a new public company. Hempistry becomes a public company by issuing shares of its common stock to Sugarmade which has a base of shareholders. That stock is then registered with the SEC and distributed to the shareholders of Sugarmade as a stock dividend distribution. The "dividends" of the stock of Hempistry is considered a "spinoff" of Sugarmade's shares. Once received by the shareholders, some of these shares begin to be traded, a trading market develops in the stock of Hempistry, and the company is now public. Advantages to this is that Hempistry may be structure to meet the particular needs of Sugarmade.
Not saying this is what's going on. But it is possible. They are definitely up to something and I think it is positive for the investors of Sugarmade.
https://www.siliconinvestor.com/subject.aspx?subjectid=12200
https://investmentbank.com/reverse-mergers/
I hope you are correct
WE ARE ON THE VERGE OF BIG MONEY!
My advice to anyone thinking about selling their position is to rethink it. Do not let your frustrations make you make a bad move. You will be losing out on a lot of money. Here is why I say this. We are on the cusp of a cannabis explosion. Mexico is on the verge of cannabis legalization for recreational and medical in 2019. Mexican Lawmakers Plan To Tackle Marijuana Legalization This Summer. The lawmakers will go on recess May 1, 2019. They will “take advantage of the recess period” to finalize the legislation, according to a newsletter posted on the Senate website on Sunday. The recess begins on May 1 and lasts until August 31, giving lawmakers several months to develop a regulatory plan for cannabis before the Supreme Court’s October deadline. They will have legislation worked out before October 1, 2019.Former President of Mexico Vicente Fox just hosted the CannaMexico summit focusing on the tremendous potential of Mexico's budding cannabis industry.
The US is on the verge of cannabis legalization also. There are several bills introduced. A bipartisan group of senators and representatives in the U.S. Congress recently introduced the STATES (Strengthening the Tenth Amendment Through Entrusting States) Act. The bill would prevent the federal government from intervening in states that have legalized marijuana. It would effectively make marijuana legal at the federal level in much of the U.S. Another bill is the Cannabis banking bill. A bipartisan group of more than 20 U.S. senators reintroduced the Secure And Fair Enforcement (SAFE) Banking Act to protect financial institutions that serve state-legal cannabis businesses from federal punishment. How do we know that cannabis legalization in the US is close at hand? Well recently Canopy Growth secures the right to buy Acreage Holding when the US legalizes marijuana. They will have access to the American market when they buy them. It's interesting that Acreage Holding has many political insiders on it's team. The deal is a signal John Boehner and the other political insiders on the Acreage board believe US legalization will occur soon, not just eventually.
So what does this mean for Sugarmade and it's investors? Well, when both of these countries legalize cannabis totally, then most cannabis related stocks will take a surge as many new investors come in. It will be like the dot com era. Remember the dot com era of stock trading? The dotcom bubble, also known as the internet bubble, was a rapid rise in U.S. technology stock equity valuations fueled by investments in internet-based companies during the bull market in the late 1990s. The cannabis era of stock trading will be much like that when both of these countries legalize cannabis soon. So all we have to do is position ourselves for that eventuality. So when we see Sugarmade's stock go down do not be disappointed. It means that it is an opportunity to buy. So buy,buy, buy! Start accumulating cheap stock. Imagine what will happen if we have a few hundred thousand shares or more and the cannabis bubble starts. It is a good way to get rich!
https://www.marijuanamoment.net/mexican-lawmakers-plan-to-tackle-marijuana-legalization-this-summer/
https://www.fool.com/investing/2019/04/09/1-big-reason-why-us-marijuana-legalization-might-a.aspx
https://mjbizdaily.com/cannabis-banking-bill-reintroduced-us-senate/
https://www.brewbound.com/news/canopy-growth-corporation-secures-right-to-buy-acreage-holdings
https://www.greenentrepreneur.com/article/332497
PHOT the little engine THAT COULD!
PHOT is on FIRE!