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"save the letter before Chan deletes it like last time" sylvestor the accredited investor
"another shareholder letter MY BALLS" sylvestor the accredited investor
Sugarmade Finalizes Terms of Landmark Deal to Acquire Top Hydroponics eCommerce Supplier.
Date : 10/22/2019 @ 2:47PM
Source : InvestorsHub Cannabis NewsWire
Stock : Sugarmade Inc (QB) (SGMD)
Quote : 0.0031 -0.0001 (-3.12%) @ 8:50PM
Sugarmade Finalizes Terms of Landmark Deal to Acquire Top Hydroponics eCommerce Supplier, Scaling to $37Million Annualized Forward Sales
NEW YORK, October 22, 2019 -- InvestorsHub NewsWire – Sugarmade, Inc. (OTCQB:SGMD) ("Sugarmade", "SGMD", or the "Company"), a major supplier to the hydroponic cultivation and hemp sectors, is pleased to announce the finalization of terms between Sugarmade and BZRTH Inc. for a definitive agreement whereby Sugarmade will acquire BZRTH Inc. ("BZRTH"), a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. The Parties expect the acquisition to be finalized and closed by October 31, 2019.
The acquisition will position Sugarmade to book all revenues from both entities, creating a combined entity that, based on most-recent financial estimates, stands to produce $37 million in annual sales and positive cash flow and EBITDA, resulting in Sugarmade becoming one of the largest publicly traded companies in this fast growing sector.
"After months of negotiations, we now have robust terms set into place that represent enormous value for Sugarmade shareholders," commented Mixed Egg Jimmy Chan, CEO of Sugarmade. "This acquisition, in itself, will dramatically augment the Company's top and bottom line numbers and massively expand our overall presence in the booming hydroponics and hemp ecommerce space. Further, it also represents the central piece of our overarching roll-up strategy to position Sugarmade as the dominant pick-and-shovel entity on the hydroponics side catering to producers in the explosive market for hemp and hemp-related crops in North America."
Management notes the investment boom in the production of raw hemp and hemp-related crops has tightened margins for growers through a massive expansion in the sheer number of producers. This process is driving an associated boom in the market for goods and services that improve efficiency in producing these crops as producers compete for market share and return on invested capital. Sugarmade and other companies in the hydroponic supplies markets are perhaps the most natural beneficiaries of this dynamic due to the ability to maximize output relative to inputs – invested capital, time, energy, and resources.
According to multiple sources, the global market for hydroponic and hemp cultivation supplies will remain robust for many years. For example, Maximize Market Research, PVT. LTD. recently forecasted the worldwide market during 2017 at US$26.6 billion and forecasts the market to reach US$37.7 Billion by 2026. Sugarmade has dedicated itself to becoming the dominant supplier in North America for products that address this need.
To effect this strategy, the Company places paramount importance on dominating the ecommerce side of the hydroponics market. The BZRTH acquisition will accompany its existing Master Marketing Agreement with BizRight, LLC, the sister company to BZRTH, whereby the Company will be able to vertically integrate ecommerce through ZenHydro.com (and several additional hydroponics ecommerce sales portals) with a 55,000 sq. ft. fulfillment center and a market leading logistics platform, resulting in an entity operating in a leadership position as a hydroponics equipment provider to the soaring North American hemp and hemp-related cultivation marketplace.
Mr. Mixed Egg Chan continued, "With this acquisition, we believe Sugarmade has entered into a "best of all worlds" situation. It is clear that the hydroponics market is growing fast, as is the hemp marketplace. Additionally, the ecommerce sector is booming. Sugarmade and BZRTH capture growth from all of these market sectors and combine these with what is already stellar growth coming from BZRTH. We are pleased to announce today that since inception, the operations we are acquiring have grown astonishingly over 40% compound annual growth rate. Of course, this compares very favorably to the ecommerce sector, which grew at 15% last year and the overall retail market, which grew at only 3.9%. We cannot think of a better market in which to continue our expansion."
About Sugarmade, Inc.
Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. The Company also operates Carryoutsupplies.com, a leader provider to the quick service restaurant industry.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others. such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements.
Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
Corporate Contact:
Mixed Egg
Jimmy Chan
+1-(888)-982-1628
info@Sugarmade.com
PROVE IT !
"we don't want Chinese Carryout Supplies no more Chan" sylvestor the accredited investor
"we don't want Chinese Carryout Supplies no more Chan" sylvestor the accredited investor
"no TIKEE no WASHEE" sylvestor the accredited investor
Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
November 15 2019 - 09:57AM
Edgar (US Regulatory)
? Print
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check one): ? Form 10-K ? Form 20-F ? Form 11-K ? Form 10-Q ? Form 10-D ? Form N-SAR
? Form N-CSR
For Period Ended: September 30, 2019
? Transition Report on Form 10-K
? Transition Report on Form 20-F
? Transition Report on Form 11-K
? Transition Report on Form 10-Q
? Transition Report on Form N-SAR
For the Transition Period Ended:
Read Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART I — REGISTRANT INFORMATION
SUGARMADE, INC.
Full Name of Registrant
n/a
Former Name if Applicable
750 ROYAL OAKS DRIVE, SUITE 108
Address of Principal Executive Office (Street and Number)
MONROVIA, CA 91016
City, State and Zip Code
PART II — RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
?
(a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution Report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
(c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
PART III — NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q,10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
The Registrant’s Form 10-Q for the fiscal quarter ended September 30, 2019 could not be filed within the prescribed time period because certain information and data relating to and necessary for the completion of the Registrant’s financial statements and management’s discussion and analysis of financial condition and results of operations could not be obtained by the Registrant within such time period without unreasonable effort or expense. The Registrant will file its complete Form 10-Q within the time allotted by Rule 12b-25.
(Attach extra sheets if needed)
-1-
PART IV — OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification.
Jimmy Chan (888) 982-1628
(Name) (Area Code) (Telephone No.)
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). ? Yes ? No
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ? Yes ? No
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state reasons why a reasonable estimate of the results cannot be made.
Sugarmade, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 15, 2019 By: /s/ Jimmy Chan
Jimmy Chan, CEO
INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative’s authority to sign on behalf of the registrant shall be filed with the form.
-2-
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SUGARMADE REITERATES $30 MM REVENUE GUIDANCE WITHIN CANNABIS MARKETPLACE - FILES QUARTERLY RESULTS
July 18 2018 - 08:30AM
InvestorsHub NewsWire
SUGARMADE REITERATES $30 MM REVENUE GUIDANCE WITHIN CANNABIS MARKETPLACE - FILES QUARTERLY RESULTS
City of Industry, CA -- July 18, 2018 -- InvestorsHub NewsWire -- Sugarmade, Inc. (OTC: SGMD), one of the largest publicly traded cannabis-related hydroponics supply companies, reiterates its $30 million revenue guidance for next fiscal year after filing results for fiscal Q2 2018. Additionally, the Company is announcing today the termination of its culinary business line in order to increase emphasis on its hyper-growth market opportunities.
Sugarmade continues on a strong growth trajectory, which is expected to allow the Company to produce revenue of at least $30 million for the fiscal year ending 2019, representing annual growth of over 500%. The aggressive growth rate is being driving by rapid expansion within the cannabis marketplace, in particular the cannabis cultivation sub-sector, where a majority of the Company's products are focused.
"Over the past year, we have significantly enhanced our operational staff and our internal systems preparing for our rapid growth. With these changes, we believe we are optimally sized, but we want to ensure we are able to manage our aggressively planned growth rate. To this end, we have determined our culinary products are no longer strategic to our goals and thus we are terminating the marketing of these products in order to increase our focus on our highest growth product areas, which is the cultivation-related cannabis sector," commented, Mixed Egg Jimmy Chan, CEO of Sugarmade.
Today, Sugarmade filed its financials for its fiscal Q2 of 2017, with the Company planning on filing its remaining outstanding fiscal quarter over the very short term, thus restoring the Company to fully reporting status. Mr. Chan continued, "We believe our growth induced reporting challenges are now over allowing this management team to demonstrate to our investors the aggressive growth we already realizing and expect to report over the near term."
About Sugarmade, Inc. (OTC:SGMD):
Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade's brands include ZenHydro.com, CarryOutSupplies.com, and BudLife Cannabis Storage Solutions. For more information on the Company's products, please visit http://www.Sugarmade.com.
For inquiries please contact Jimmy Chan at (888) 982-1628 or info@Sugarmade.com.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements.
Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
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Sugarmade Finalizes Terms of Landmark Deal to Acquire Top Hydroponics eCommerce Supplier.
Date : 10/22/2019 @ 9:47AM
Source : InvestorsHub Cannabis NewsWire
sugarmade Finalizes Terms of Landmark Deal to Acquire Top Hydroponics eCommerce Supplier.
Sugarmade Finalizes Terms of Landmark Deal to Acquire Top Hydroponics eCommerce Supplier, Scaling to $37Million Annualized Forward Sales
NEW YORK, October 22, 2019 -- InvestorsHub NewsWire – Sugarmade, Inc. (OTCQB:SGMD) ("Sugarmade", "SGMD", or the "Company"), a major supplier to the hydroponic cultivation and hemp sectors, is pleased to announce the finalization of terms between Sugarmade and BZRTH Inc. for a definitive agreement whereby Sugarmade will acquire BZRTH Inc. ("BZRTH"), a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. The Parties expect the acquisition to be finalized and closed by October 31, 2019.
The acquisition will position Sugarmade to book all revenues from both entities, creating a combined entity that, based on most-recent financial estimates, stands to produce $37 million in annual sales and positive cash flow and EBITDA, resulting in Sugarmade becoming one of the largest publicly traded companies in this fast growing sector.
"After months of negotiations, we now have robust terms set into place that represent enormous value for Sugarmade shareholders," commented Mixed Egg Jimmy Chan, CEO of Sugarmade. "This acquisition, in itself, will dramatically augment the Company's top and bottom line numbers and massively expand our overall presence in the booming hydroponics and hemp ecommerce space. Further, it also represents the central piece of our overarching roll-up strategy to position Sugarmade as the dominant pick-and-shovel entity on the hydroponics side catering to producers in the explosive market for hemp and hemp-related crops in North America."
Management notes the investment boom in the production of raw hemp and hemp-related crops has tightened margins for growers through a massive expansion in the sheer number of producers. This process is driving an associated boom in the market for goods and services that improve efficiency in producing these crops as producers compete for market share and return on invested capital. Sugarmade and other companies in the hydroponic supplies markets are perhaps the most natural beneficiaries of this dynamic due to the ability to maximize output relative to inputs – invested capital, time, energy, and resources.
According to multiple sources, the global market for hydroponic and hemp cultivation supplies will remain robust for many years. For example, Maximize Market Research, PVT. LTD. recently forecasted the worldwide market during 2017 at US$26.6 billion and forecasts the market to reach US$37.7 Billion by 2026. Sugarmade has dedicated itself to becoming the dominant supplier in North America for products that address this need.
To effect this strategy, the Company places paramount importance on dominating the ecommerce side of the hydroponics market. The BZRTH acquisition will accompany its existing Master Marketing Agreement with BizRight, LLC, the sister company to BZRTH, whereby the Company will be able to vertically integrate ecommerce through ZenHydro.com (and several additional hydroponics ecommerce sales portals) with a 55,000 sq. ft. fulfillment center and a market leading logistics platform, resulting in an entity operating in a leadership position as a hydroponics equipment provider to the soaring North American hemp and hemp-related cultivation marketplace.
Mr. Chan continued, "With this acquisition, we believe Sugarmade has entered into a "best of all worlds" situation. It is clear that the hydroponics market is growing fast, as is the hemp marketplace. Additionally, the ecommerce sector is booming. Sugarmade and BZRTH capture growth from all of these market sectors and combine these with what is already stellar growth coming from BZRTH. We are pleased to announce today that since inception, the operations we are acquiring have grown astonishingly over 40% compound annual growth rate. Of course, this compares very favorably to the ecommerce sector, which grew at 15% last year and the overall retail market, which grew at only 3.9%. We cannot think of a better market in which to continue our expansion."
About Sugarmade, Inc.
Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. The Company also operates Carryoutsupplies.com, a leader provider to the quick service restaurant industry.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others. such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements.
Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
Corporate Contact:
Jimmy Chan
+1-(888)-982-1628
info@Sugarmade.com
Press & Media Inquiries:
EHC Branding Agency
Info@EHCBrandingAgency.Com
(626) MJ-BRAND
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Latest SGMD Messages
manslap Thu Apr 16, 2020 5:35 PM (1 minute ago)
Sugarmade to Acquire Hydroponic Retailer Hydro4Less Flagship Location
?
?
?
manslap Thu Apr 16, 2020 5:33 PM (3 minutes ago)
Sugarmade Targets Additional Acquisitions in Hydroponics Roll-Up Strategy
?
?
?
WALLnut Thu Apr 16, 2020 5:22 PM (13 minutes ago)
And what is your job here?
?
?
?
here4money Thu Apr 16, 2020 4:47 PM (48 minutes ago)
.01 tomorrow is my target
?
?
?
bombaytonic Thu Apr 16, 2020 4:33 PM (1 hours ago)
If you bought and are now a bag
?
?
?
mc73 Thu Apr 16, 2020 4:29 PM (1 hours ago)
Excellent dd - thank you bombaytonic!!!
?
?
?
bombaytonic Thu Apr 16, 2020 4:25 PM (1 hours ago)
Do you have any data you can point
?
?
bombaytonic Thu Apr 16, 2020 4:24 PM (1 hours ago)
Thank the company and Jimmy for that.
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?
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Sugarmade to Acquire Hydroponic Retailer Hydro4Less Flagship Location Adding to Streak of Planned Acquisitions
January 23 - 08:00AM
InvestorsHub NewsWire
Sugarmade to Acquire Hydroponic Retailer Hydro4Less Flagship Location Adding to Streak of Planned Acquisitions
MONROVIA, CA -- January 23, 2019 -- InvestorsHub NewsWire -- Sugarmade, Inc. (OTCQB:SGMD), a major supplier to the growing hydroponic cultivation sector, today announces its intent to acquire a retail location of Washington State-based Hydro4Less. The operation is expected to produce approximately $5 million in revenues and to be profitable during calendar 2019. Additionally, via the pending transaction, Sugarmade will gain an option to purchase two additional Hydro4Less retail operations, which are currently producing in excess of $20 million annually. Should all three acquisitions close, Sugarmade will increase its annual revenues by approximately $25 million per year.
This pending acquisition when combined with pending transactions with BizRight, LLC and Athena United, LLC, both of which also operate in the hydroponic cultivation sector, will place Sugarmade among the ranks of the largest cannabis-related revenue producing companies. Throughout these transactions, Sugarmade will remain only as a supplier to the cannabis industry and will not transact in business where cannabis or cannabis derived products are bought or sold.
"Our BizRight marketing arrangement gives us a strong online presence while our Athena United deal gives us exposure to the large commercial growers, which is an area of expected accelerating revenue growth. Hydro4Less rounds out our marketing efforts and expands our marketing footprint in the Pacific Northwest by adding additional resources that are commercially focused, while also contributing a retail walk-in component allowing our customers to not only acquire products quickly, but to also connect with our highly experienced staff," commented Mixed Egg Jimmy Chan, CEO of Sugarmade.
Under the terms of the pending agreement, Sugarmade will acquire the Washington state flagship location in an all stock transaction pending mutual due diligence, completion of the definitive agreement and approval by both boards of directors.
Mr. Chan continued, "Sugarmade is expecting to realize exceptional revenue growth this year from all of our hydroponic-related market sectors. We are excited about having the very talented staff of Hydro4Less join the Sugarmade family of companies. We continue to seek additional acquisitions to further boost our already expected robust revenue growth rate."
About Sugarmade, Inc. (OTC:SGMD):
Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade's brands include BizRight, LLC, Athena United, CarryOutSupplies.com, and BudLife Cannabis Storage Solutions. For more information on the Company's products, please visit http://www.Sugarmade.com.
For inquiries please contact Jimmy Chan at (888) 982-1628 or info@Sugarmade.com
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements.
Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
Sugarmade (QB) (USOTC:SGMD)
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Latest SGMD Messages
manslap Thu Apr 16, 2020 5:33 PM (1 minute ago)
Sugarmade Targets Additional Acquisitions in Hydroponics Roll-Up Strategy
?
?
?
WALLnut Thu Apr 16, 2020 5:22 PM (11 minutes ago)
And what is your job here?
?
?
?
here4money Thu Apr 16, 2020 4:47 PM (46 minutes ago)
.01 tomorrow is my target
?
?
?
bombaytonic Thu Apr 16, 2020 4:33 PM (1 hours ago)
If you bought and are now a bag
?
?
?
mc73 Thu Apr 16, 2020 4:29 PM (1 hours ago)
Excellent dd - thank you bombaytonic!!!
?
?
?
bombaytonic Thu Apr 16, 2020 4:25 PM (1 hours ago)
Do you have any data you can point
?
?
?
bombaytonic Thu Apr 16, 2020 4:24 PM (1 hours ago)
Thank the company and Jimmy for that.
?
?
?
maninnepa Thu Apr 16, 2020 4:02 PM (1 hours ago)
this would be around .005 now if not
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Supersue Thu Apr 16, 2020 3:52 PM (1 hours ago)
SGMD The sellers will run out of shares
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maninnepa Thu Apr 16, 2020 3:52 PM (1 hours ago)
dont buy any off CFGN...let the pps drop
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See More Posts on SGMD Message Board
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Sugarmade Targets Additional Acquisitions in Hydroponics Roll-Up Strategy NEW YORK, (GLOBE NEWSWIRE) -- via
InvestorsHub NewsWire
NEW YORK, -- InvestorsHub NewsWire -- Sugarmade, Inc. (OTCQB:SGMD) ("Sugarmade", "SGMD", or the "Company"), a major supplier to the hydroponic cultivation and hemp sectors, is excited to announce that the Company continues to pursue an aggressive M&A roll-up strategy as it positions Sugarmade as the dominant entity in the hydroponics marketplace. Specifically, the Company is currently in preliminary talks with six hydroponic and agricultural supply targets in the US and central Europe.
Management notes that ideal targets should have an EBITDA margin of at least 8%. The Company prefers to pay a reasonable multiple to revenue, with 10% in cash and 90% in stock for potential acquisitions, with precise terms dependent on market conditions. Sugarmade closed on its acquisition of BZRTH Inc., a marketer and manufacturer of hydroponic growth supplies, on October 30, 2019, for roughly 1x revenue, integrating an annualized $33 million in revenues and an EBITDA margin of 5%, with revenues anticipated to continue to grow over coming quarters.
Sugarmade CEO, Mixed Egg Jimmy Chan, noted, "We continue to position Sugarmade as a dominant entity in a market that promises aggressive growth as margins tighten for larger producers in the hemp and hemp-related space. The return on investment in this space is extremely appealing right now, and we believe that will continue to be the case as we pursue this strategy."
In addition, the Company intends to revive its October 2018 Letter of Intent ("LOI") to pursue the acquisition of Sky Unlimited (dba Athena United), a supplier of cannabis cultivation materials in the near term. Sugarmade plans to close the deal in Q1 2020. Sky Unlimited has annualized revenues of $33-35 million and EBITDA margin of 11%.
Chan continued, "When we close the Sky Unlimited acquisition, we expect to have around $70 million in annualized revenues."
Management notes that this strategy is also predicated on a planned uplisting to either the New York Stock Exchange or the Nasdaq before mid-year 2020.
Chan concluded, "The capital market is valuing publicly-traded hemp ancillary companies at 3x-5x revenue, while most of these companies are in the red. GrowGeneration [NASDAQ:GRWG] just started trading on Nasdaq a few days ago with a market cap of $172 million. Our financial performance is tracking in a very similar profile at a discount of $160 million. We are targeting shareholder value and believe we have a strategy in place that offers a tremendous path forward."
About Sugarmade, Inc.
Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator, operates Carryoutsupplies.com a leader provider to the quick service restaurant industry and Zenhydro.com a leading supplier in the online hydroponic industry.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others. such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements.
Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
Corporate Contact:
Jimmy Chan
+1-(888)-982-1628
info@Sugarmade.com
Press & Media Inquiries:
EHC Branding Agency
Info@EHCBrandingAgency.Com
(626) MJ-BRAND
Sugarmade (QB) (USOTC:SGMD)
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"appears consultants are delivering also!" sylvestor the accredited investor
https://i.ytimg.com/vi/LBX35OHdPfc/maxresdefault.jpg
CEO shows off his delivery vehicle!" sylvestor the accreditied investor
https://browse.startpage.com/do/show_picture.pl?l=english&rais=1&oiu=https%3A%2F%2Fimage.cnbcfm.com%2Fapi%2Fv1%2Fimage%2F106028699-1563535545675gettyimages-1156442359.jpeg%3Fv%3D1563535573&sp=b82aaee2e4da0243efe7877c334168f2&t=default
"my dad says buy in @ .0016" sylvestor the accredited investor
"no TIKEE no WASHEE" sylvestor the accredited investor
ceo SGMD now hiring 300 drivers ! sylvestor the accredited investor
"JUMP IN @ .0075 !" sylvestor the accredited investor
"come and gets some !" sylvestor the accredited investor
"1000 deliveries a day @ $41.00 = 15M" sylvestor the accredited investor
"CEO IS LIAR" sylvestor the accredited investor
"we love the Thumb Tray at our BBQ !" sylvestor the accredited investor
"CEO shows off his delivery vehicle!" sylvestor the accreditied investor
https://browse.startpage.com/do/show_picture.pl?l=english&rais=1&oiu=https%3A%2F%2Fimage.cnbcfm.com%2Fapi%2Fv1%2Fimage%2F106028699-1563535545675gettyimages-1156442359.jpeg%3Fv%3D1563535573&sp=b82aaee2e4da0243efe7877c334168f2&t=default
"slap the ask for me !" sylvestor the accredited investor
"CEO MEETS w/ SACRAMENTO OFFICIALS!" sylvestor the accredited investor
https://browse.startpage.com/do/show_picture.pl?l=english&rais=1&oiu=https%3A%2F%2Fstorage.googleapis.com%2Fafs-prod%2Fmedia%2Fmedia%3A2d33b03ee89b43b3a0daec4df12e0660%2F800.jpeg&sp=9e16fd666596c4b156e716c1348171a7&t=default
"Nasdaq blows past 9,200 GO SGMD GO !" sylvestor the accredited investor
"No TIKEE No WASHEE" sylvestor the accredited investor
"wire NEW SGMD MOBILE APP ! " sylvestor the accredited investor
https://browse.startpage.com/do/show_picture.pl?l=english&rais=1&oiu=https%3A%2F%2Fmetro.co.uk%2Fwp-content%2Fuploads%2F2015%2F11%2Fad_188160235.jpg%3Fquality%3D80%26strip%3Dall&sp=533a750dd893ce3209c2f836a530b9aa&t=default
"NEW SGMD PROTOTYPE !" sylvestor the accredited investor
https://browse.startpage.com/do/show_picture.pl?l=english&rais=1&oiu=https%3A%2F%2Fimages-na.ssl-images-amazon.com%2Fimages%2FI%2F41tgnLUnZ4L._AC_SX425_.jpg&sp=e09ae30859be9d64a1d944f68aea3427&t=default
"Where I Want to Play" sylvestor the accredited investor
Grandpa Tell Us The SGMD Shareholder Meeting Story Again!
Please Stop it Jimmy It Hurts Me Hashtag@SGMDToo
"the NASDAQ listing will be Disruptive" sylvestor the accredited investor
"I need some volume people!" sylvestor the accredited investor
"anybody buy an island?" sylvestor the accredited investor
SUGARMADE AMONG THE RANKS OF THE LARGEST CANNABIS-RELATED REVENUE PRODUCING COMPANIES!
This article states that Suagrmade will be among the largest cannabis-related revenue producing companies. Now is the time to be buying this stock while it is this cheap! When it leaves the pennyland stock price, it will NEVER come back!
https://www.marketwatch.com/press-release/companies-focus-on-identifying-additional-cannabis-uses-to-expand-market-revenues-2019-01-23
"We love the THUMB TRAY at our BBQ ! " Sylvester the accredited investor"