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LOL, someone dumped 120,000 shares.
Yeah, got 15 minutes left.
Yeah, and every top executive from each company can have a board seat on Hempistry Holdings. Win win for everyone.
Hurry up Jimmy (and crew) with some BZRTH numbers. Even if it's just $10 million we can get a multiple of 7 putting us at $70 mil market cap and at around .10 per share.
It's articles like this that makes me realize how critical a Hempistry deal is.
http://ih.advfn.com/stock-market/USOTC/mym-nutraceuticals-inc-MYMMF/stock-news/80129057/mym-reaches-planting-stage-for-120-acre-cbd-rich-h
At 120 acres they estimate $7.1 mil in revs, and that's off of a 50% split. So basically at 60 acres, they estimate $7.1 mil in revs.
You take Hempistry's 2600 acres and it compares to a value of $300,000,000 in revs. So for every 60 acres, figure Hempistry can make $7 million.
I hope Jimmy knows the importance of getting something done between Hempistry that will be beneficial to SGMD shareholders.
Market makers are trying to weed out the day traders. No pun intended.
If people want to day trade this, it's going to cost them a few days.
Hold tight, you know the potential here; but we all know nothing is guaranteed. Having said that, they have until the end of the month to impress me.
You're probably the only one seeing it. They'd be better off sending the PR directly to institutional investors. PR's used to be a tool to attract retail investors, now-a-days PR's do nothing. A lot of these OTC companies stock prices won't hold up on retail money alone...they'll eventually need some deep pocket backing...at least until the revs reflect the company's true value.
No. But I'm thinking something happens after the BizRight/BRZTH acquisitions are complete. Time is of the essence. They lag they lose...but I guess they are moving at the speed of the sector. IMO, in this sector there is really no frontrunner. Canopy is trying, but the little guys are in the mix too.
Spread too wide, anything can happen. Wouldn't surprise me if this is just a tree shake and we close green.
Good post.
My thought is they knew there were going to be profit takers so they took a break. Once things settle a bit, they'll continue. JMO
A year from now (6/12/20) it won't be called Sugarmade. You'll have Hempistry Holdings and it will be trading on the Nasdaq at $5, minimum, with 250,000,000 shares outstanding giving the company a market cap of $1.25 billion.
$78,000,000 from 2600 acre Hempistry harvest
$50,000,000 of Bizright revs
$40,000,000 of Sky Unlimited revs
$25,000,000 of Hydro4less revs
$193,000,000 revs with a 6.5 multiple
That's also a possibility.
But when you come up with a company called Hempistry Holdings, and call yourself the CO-Founder, that means the other co founder is a Hempistry Inc. executive.
I'm sticking with my gut and I'm saying Hempistry and SGMD will become 1 holding company.
This industry will be all about consolidation and only the well equipped will survive. A lot of these companies trading today won't exist 5 to 10 years from now. A strong business structure on every level will lead to longevity. I see SGMD and it's partners making strides, and the only other Hemp/Mj company that I see doing the same is Canopy.
I'm also taking into consideration a way for SGMD to get it's OS lower.
We don't know the details of the Sky or Hydro4less deals which may involve giving out more shares. Also, what do you make of the separate entity Hempistry LLC.
Hempistry Inc. has the 2600 acres with the option for an additional 20,400 acres. If Jimmy is talking about "vertical integration", that can only happen with M&A...supplies and equipment isn't vertical integration, it's number 2, behind land which is number 1.
It just sucks that things can't happen as fast as we want them to. LOL
Here's what I think should happen respectively:
Complete the BizRight deal
Merge with Hempistry, thus name and ticker change
Uplist to Nasdaq, thus getting Big Boy money
Use that Big Boy money to buy Sky Unlimited and Hydro4less
Stock price gets higher company gets bigger, start or buy an extraction facility.
I honestly recognized that statement too.
A Hempistry announcement will be twice as big as the recognizing revenue announcement.
But he's knows what news we are really waiting for. Hope he delivers this month.
Hope so too. News seems to be hitting the major wires today even though news came out yesterday. I see the article on my TD news feed.
LOL. Good advice.
P.S. Don't waste your intelligence on him.
$14,346 value
If it was valued at 50K or above, I'd wonder what happened. Still think the trade happened during regular hours and just printed after hours. Cause there's no way an OTC trade happened 9 minutes after market closed.
It's always good to be a "holding company". Sugarmade just needs a name change to reflect it's updated operations which some of us know will be Hempistry Holdings.
Look at Acreage, it's a holding company being bought by another holding company, Canopy.
Profit takers. Good for business. I think it's still bullish and will close green or unch.
Without any mergers, yes it would.
Right now the average MJ company has a $200 mil market cap.
We have plenty of space to run. At $200 mil MC we'd be at a measly .29
A 1 billion dollar valuation (at least) is inevitable.
Good to see the "Extraction" being added to the repertoire. All a part of the "vertical integration".
All the more reason a Hempistry RM seems right.
Grow the hemp, extract the CBD oils.
"In its purified distilled form, CBD oil commands thousands of dollars per kilogram, and farmers can make more than $100,000 an acre growing hemp plants to produce it. That distillate can also be converted into a crystallized form or powder."
https://www.usnews.com/news/best-states/oregon/articles/2018-05-14/marijuana-growers-diversify-with-hemp-amid-cbd-boom
At 2600 acres, you do the math. LOL
Let's not overlook the ties to Hempistry and the 2600 acres they're sitting on. That's serious capacity. Not to mention the option Hempistry has to thousands of additional acres. Kentucky will control the hemp market. Hence why KENTUCKY Senate Majority Leader Mitch McConnell championed the Farm Bill...you think he doesn't want his state to thrive.
I know I keep stressing this, but if Hempistry comes into the picture the way I'm thinking it will, via a reverse merger and Nasdaq listing, the institutional money won't be an issue.
"If this goes on for another week or two then that will give us a good indication."
Very true.
CBD distribution is getting bigger. Here comes Kroger!
https://finance.yahoo.com/news/kroger-introduce-cbd-products-17-143238103.html
I know, but there's always the not so big named institutions looking for a sleeper. If a stock is making some noise, it attracts some eyes.
What's the saying, "Talk loud, draw a crowd".
We got this!
The way I see it, if thousands of employees can get rich from Silicon Valley IPO's, then surely we can too.
https://www.forbes.com/sites/bizcarson/2019/03/19/ipos-from-uber-airbnb-pinterest-and-lyft-could-create-a-230-billion-windfall-and-6000-new-millionaires/#7f1e3d585cf6
No pumper and dumpers here. If new handles pop up on the board, then we can make that argument, but for the most part, only regulars who've been holding tight are posting opinions.
Imagine a Hempistry merger, it's going full throttle.
2600 acres with the option for an additional 20,400 acres.
Imagine Hempistry inking a supply agreement with a major pharmaceutical company looking to get into the CBD business.
If I'm an institution and I'm trying to build a position, especially at these low prices, I'm going to do it slowly so as to not create volatility with the stock. I'd have my market maker buying just the right amount per day to keep the stock moving upward. This is what I believe is going on. Someone is slowly accumulating all while keeping the stock price moving up.
Higher highs.
Long overdue. Way oversold. Some deep pocket is conservatively accumulating. JMO
If K&J is loading, they'd rather Jimmy keep quiet until they're done loading at these low numbers.
If we can get a 100%'er we can get more eyes to recognize what SGMD has going on and its potential.
Considering this Motley Fool article, I'd say the better buy is SGMD because they are about to be what both Aurora and Scott's are, as 1.
https://finance.yahoo.com/news/better-buy-aurora-cannabis-vs-130000056.html
Give it up. The moment we've been waiting for is happening.
Hydroponic supplies/equipment and 2600 acres (option for 23,000 acres). You're about to witness a miracle.
I'm not sure, but I'm thinking that a merger usually results in the same amount of shares and a reverse merger reduces shares. But both should create value for the shareholder, if not long term, definitely short term.
All just my opinion...
Sugarmade is a holding company which makes sense as to why they recently created Hempistry Holdings. Everything under SGMD will be transitioned into Hempistry Holdings. So SGMD (Hempistry Holdings) will have Bizright, BZRTH, Sky Unlimited, Hydro4Less, and Hempistry LLC under its umbrella.
In other words,
Hempistry Inc. merges with Sugarmade to create Hempistry Holdings.
Under Hempistry Holdings we have:
Bizright, BZRTH, Sky Unlimited, Hydro4Less = Hydroponic supplies/equipment
Hempistry LLC = 2600 acres, hemp/CBD production, etc.
On another note, Acreage doesn't need to uplist because the Canopy merger pretty much puts them on the Big Board.