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SGMD Feb4 opened .0019..Five sessions later closed at .0086..Wowza..Millions of dollar in volume..Expecting significant profit taking tomorrow, might be a good day to confirm Feb LA hub opening date to take SGMD over a penny...glta
yup, since the day in 2014 when sgmd ran from .015-.72 in next three days..gltu Winnie..:)
Huge SGMD volume last 4 trading sessions.
Agree...NUGS crackin' .50 tomorrow..
Float 57,177,895 11/19 per Otcmarkets...Peanuts!
NUGS Gettin' Its Groove On!
Followed the sgmd consulting group here a couple years ago with @.086 flyer..Sold 90% below a buck just pryor to $7 run..Returned to claim missed winnings..50 cents should be history shortly.
NUGS news Simon!
Can't sell now..At least wait for LA hub news..Jimmy's played a bunch of his weak PR "9" lives..Can't imagine he doesn't deliver definitive LA Hub news sometime in Feb..:)
Nice day..Still expecting that (minimum) 10 bagger from a nickel.
"Sugarmade Inc (OTCQB:SGMD)
@Sugarmade1
We promised a Premium Los Angeles based delivery brand and we’re ready to deliver. We now have a tentative opening day set for mid February. Stay tune for exact date.."
Per SGMD Twitter Feb4..SGMD price could get interesting depending how convincing Jimmy is with LA Hub #1 details...and subsequent info on LA Hub #2 along with North California wine country hub update.
We promised a Premium Los Angeles based delivery brand and we’re ready to deliver. We now have a tentative opening day set for mid February. Stay tune for exact date..... pic.twitter.com/rcj9rWuFwc
— Sugarmade Inc (OTC:SGMD) (@Sugarmade1) February 4, 2021
https://marketwirenews.com/stock/sgmd/short/ :)
"Short Analysis
Reviewing the trend for the past 20 trading days there is a potential Squeeze about to happen because the past five days have shown an increase in short volume with very little cover volume. Prior to this there was a sell off which caused the price to fall but the decreasing cover volume and increasing short volume shows a rebound is about to happen. This is a sure sign of our Squeeze trend indicator."
"Per SGMD Twitter Feb4-"We promised a Premium Los Angeles based delivery brand and we’re ready to deliver. We now have a tentative opening day set for mid February. Stay tune for exact date.....".
https://twitter.com/Sugarmade1"
"We promised a Premium Los Angeles based delivery brand.."
Seems like simply inserting "Budcars" would be suffice..Wording makes me wonder if Jimmy sticks with Budcars brand or change up in the making, especially since Jimmy name removed from Secretary position in updated filing.?
??..maybe too much free time on my hands this weekend..:)
"Jimmy,confirm opening date for LA Budcars hub #1 and SGMD busts .003"
Well, looks like Jimmy got it to .0026 with a tentative mid February date..Maybe .004+ with confirmed opening?
Per SGMD Twitter Feb4-"We promised a Premium Los Angeles based delivery brand and we’re ready to deliver. We now have a tentative opening day set for mid February. Stay tune for exact date.....".
https://twitter.com/Sugarmade1
Is Reg A offering funds earmarked for new expansion?
On June17 Simon released LOI PR for 300k sq ft facility..and no news since..Is the *360 Espinosa Rd 195k sq ft demo permit issued Sept 1 part of this 300k sq ft expansion, or the June17 300k sq ft LOI didnt work out and present (essentially adjacent to NUGS six acres) 24 greenhouse demo being replaced all new is NUGS next move for expansion..??
Press Release | 06/17/2020
Cannabis Strategic Ventures Issues LOI for 300K-Square-Foot Facility with Potential to Double Current Output and Sales
LOS ANGELES, June 17, 2020 (GLOBE NEWSWIRE) via NetworkWire Cannabis Strategic Ventures (OTCQB:NUGS) (NUGS or the Company), an emerging leader in the U.S. cannabis marketplace, is excited to announce that the Company has issued a Letter of Intent (LOI) to obtain a new 300,000-square-foot greenhouse facility for cannabis cultivation. Negotiations are underway, and further details will be released soon. The new facility would more than double the Companys cannabis production capacity.
In this environment, the market is going to take as much as we can produce given our steady evolution in product quality, and we see those conditions extending for quite some time, stated Simon Yu, CEO of Cannabis Strategic Ventures. That strongly points to strategic value in expansion. We have seen recent strong improvements in output, pricing and sales volume, and we are aggressively interested in expanding capacity to capitalize on micro and macro factors to drive more value for our shareholders.
The LOI, which was issued this week, represents an offer to obtain a cannabis cultivation facility with a 300,000-square-foot, ready-to-grow greenhouse in excellent condition. To avoid any unnecessary impact on the negotiation process, few further details will be released at this time.
However, the addition of this amount of cannabis cultivation capacity would more than double the Companys total output potential. Given current trends, management believes this would also result in an increase in total sales by more than 100%.
Yu continued, More than doubling our production capacity doesnt just mean a proportionate jump in sales. It also represents an additional bonus in terms of market positioning, putting us at a volume level that would likely create additional relationship opportunities with major distribution partners.
*Description:
Demolition only of 24 existing greenhouses, totaling 195,396 square feet of that includes fully enclosed permanent structures that are clad in transparent material with climate control, such as heating and ventilation capabilities and supplemental artificial lighting, and that uses a combination of natural and supplemental artificial lighting for cultivation. THIS WORK TO BE DONE TO ACCOMMODATE NEW WORK AND CONSTRUCTIONS OF REPLACEMENT GREENHOUSES UNDER SEPARATE PERMIT.
Project Coordinator:
Tony Furtado
831-883-5234
FurtadoTF@co.monterey.ca.us
Simon mentioned earlier that NUGS discussing leasing additional facility and doubling capacity.
NUGSFarm located at 360 Espinosa Rd, Salinas,CA (Monterey County)..You'll notice per Monterey Permit Tracker that NUGSFarm lessor has a permit to demo 24 existing (adjacent) greenhouses and replace new totaling approx 195k+ sq ft...Curious if NUGS releases PR confirming a new 195k sq ft lease..??
"Description:
Demolition only of 24 existing greenhouses, totaling 195,396 square feet of that includes fully enclosed permanent structures that are clad in transparent material with climate control, such as heating and ventilation capabilities and supplemental artificial lighting, and that uses a combination of natural and supplemental artificial lighting for cultivation. THIS WORK TO BE DONE TO ACCOMMODATE NEW WORK AND CONSTRUCTIONS OF REPLACEMENT GREENHOUSES UNDER SEPARATE PERMIT.
Project Coordinator:
Tony Furtado
831-883-5234
FurtadoTF@co.monterey.ca.us"
https://montereyco.civicinsight.com/addresses/817582/360-espinosa-rd#case_number=20cp02034
Simon, release substantive NUGS update early next week!
Put out a creative PR Sal...:)
Someone email Sal and inform him HMPQ runnin'..Nice action..glta
I've been looking for a 10 bagger plus since NUGS hit a nickel...Come on Simon, you can do a heluva a lot better than that weak ass tweet today..And update that dang NUGS website..NUGSFarm! ...NUGSFarm! ...NUGSFarm!
Jimmy, update Lake County 5 acre mj grow with permits and anticipated harvest date..:)
Jimmy,remove caveat emptor and SGMD tests .003?
Jimmy,confirm Budcars 30% option exercised and bust .005
Jimmy,confirm opening date for LA Budcars hub #2 and SGMD busts .003
Jimmy,confirm opening date for LA Budcars hub #1 and SGMD busts .003
Jimmy,confirm Budcars wine country hub and SGMD busts .003
Honestly,surprised at nice spike..and imo wouldn't take much for sgmd to test .003 soon..glta
Toss out some good news Jimmy..:)
Curious about Chamath involvement..
took a flyer on ipoe..could be fun.
Liked your attitude..:)
mm#2
Thing of beauty!
Find a way for SGMD to find its way into wallstreetbets conversations..:)
https://www.reddit.com/r/wallstreetbets/
https://www.reddit.com/r/wallstreetbets/comments/l5r0w1/this_could_be_huge/
GNGR up 51% with $1.20 buy today..:)
Yup, one or two a pleasant surprise..:)
Let me say this..The Asian Gang associate pals involved with ..SGMD, NUGS,TONJ should never be counted out..Love 'em or hate 'em, but they have presented significant opportunity for the fortunate, and losses for unfortunate..and believe all three will duplicate history moving forward..gl
https://pbs.twimg.com/media/EsSEuegXAAke8Ya?format=png&name=small
*Post is meant to be constructive info update, imo sgmd does present potential trade opportunity..gl
1)..Purchased Sky Unlimited in 2018
Incorrect..SGMD issued nonrefundable $1m+ share deposit to acquire Sky..The deal never consummated, shares issued...per filings.
2)..Purchased Hydro4Less in 2019..
Incorrect, SGMD released news they were interested in acquiring Hydro4Less, but never finalized.
3)..Acquired BizRight in 2019.
Correct..SGMD did acquire BizRight, but surprisingly, the deal was rescinded just prior to SGMD first Quarterly filing that was to include BizRight revenue numbers..All issued shares reportedly returned to treasury.
4)..Currently leased 5 acres land in North Carolina..
"Sugarmade and LMK Capital have agreed to work toward the negotiation of a definitive lease agreement for access to as much as 40 acres of property in Northern California. The Company intends to use 5 acres of the property to operate a regulated and licensed cannabis cultivation business" per PR...
Sept28 8k Lower Lake cannabis lease agreement..https://www.otcmarkets.com/filing/html?id=14413926&guid=lw4KUFar4IS8Gyh#SGMD-20200928_8KEX10Z1_HTM
5)..Plans to grow 3.6 tons farm to plate.
"Sugarmade's in-house analysis suggests that control over 5 acres of this property carries the potential to yield as much as 8,000 pounds (or more than 3,628,700 grams) of cannabis flower per year." per 9/23 PR.
6)..Wholly owned IBrand cultivation equipment..
IBrand owned by BizRight..Since acquisition deal rescinded, SGMD not involved with any IBrand sales.
7)..Owns 40% Budcars
Correct..SGMD reportedly paid $700k to acquire Budcars 40% in Feb 2020 with 36 month option to acquire additional 30%.... Since late May 2020, the Company has been actively involved in development of Indigo’s operations with power to direct the activities and significantly impact Indigo’s economic performance. The Company also has obligations to absorb losses and right to receive benefits from Indigo. As such, in accordance with ASC 810-10-25-38A through 25-38J, Indigo is consolidated as an VIE of the Company.
Per 10Q.."Sugarmade, Inc. and Subsidiary..(Budcars)
Notes to Unaudited Condensed Consolidated Financial Statements
September 30, 2020
3. Concentration
Customers
For the three months ended September 30, 2020 and 2019, our Company earned net revenues of $2,146,326 and $753,974 respectively. The vast majority of these revenues for the period ending September 30, 2020 were derived from a large number of customers, whereas the vast majority of these revenues for the period ending September 30, 2019 were derived from a limited number of customers. There was one customer that accounted for approximately 13.9% of the Company’s total revenues for the period ended September 30, 2020.
Suppliers
For the period ended September 30, 2020, we purchased products for sale by the Company’s subsidiary from several contract manufacturers located in Asia and the U.S. A substantial portion of the Company’s inventory was purchased from two (2) suppliers. The two suppliers accounted for 25.5% and 16.20%, respectively, of the Company’s total inventory purchase for the period ended September 30, 2020.
For the period ended September 30, 2019, we purchased products for sale by the company’s subsidiaries from several contract manufacturers located in Asia and the U.S. A substantial portion of the Company’s inventory is purchased from two (2) suppliers. The two (2) suppliers accounted as follows: Two suppliers accounted for 31.21% and 17.80% of the Company’s total inventory purchase for the period ended September 30, 2019, respectively.
4. Equity Transaction - Exclusive License Rights and Acquisition
During December 2017, the Company entered into a master marketing agreement with BizRight, LLC, a leading marketer and manufacturer of hydroponic growth supplies, which offers a range of hydroponics-related products including: HPS grow lights, electronic ballasts, HPS Bulbs, nutrient mixes, environmental control products, pH measurement and calibration solutions and other grow and storage products. BizRight operates the ZenHydro.com website and other e-commerce properties, and sells various products to distributors and retailers. On April 11, 2018, the same rights under the master marketing agreement were assigned to BZRTH Inc. On February 5, 2019, the Company exercised its option to acquire BZRTH and the transaction closed on October 30, 2019. On January 15, 2020, the Company entered into a Rescission and Mutual Release Agreement (“Agreement”) with each of the parties agreeing to rescind the transaction and return all consideration exchanged pursuant to the Stock Exchange Agreement.
5. VIE
On February 7, 2020, the Company entered into a share sale and purchase agreement (the “Indigo Agreement”) with Indigo Dye Group Corp. ("Indigo"), a corporation located in Sacramento, California. Indigo carries on business as a cannabis seller and delivery business under the name BudCars. The major Cannabis Products include Flower, Edibles, Vape Cartridges, Pre-Rolls, & Concentrates, etc. All the products are finished goods. In addition, Indigo is operating a non-store front retail delivery business (Type-9 License# C9-0000286) in California.
Since late May 2020, the Company has been actively involved in development of Indigo’s operations with power to direct the activities and significantly impact Indigo’s economic performance. The Company also has obligations to absorb losses and right to receive benefits from Indigo. As such, in accordance with ASC 810-10-25-38A through 25-38J, Indigo is consolidated as an VIE of the Company.
8)..Budlife patented storage.
Nothing became of the Budlife storage container..Going on 2 years..Budlife (Plantation Corp) CEO died and company seems to be at a standstill..Jimmy doesn't bother mentioning anymore.
9)..Sales of PPE
Jimmy released info of $10M in orders in May that needed to be filled...Pumped in interview that might happen in month or two..Never happened, although did report $800k+ in PPE sales..PPE product offering on popular select items have dropped significantly..If one calculates that last Q revenues totalled $2.1m...and SGMD appears to be reporting Budcars subsidiary $1.5m for that Q...and Carryoutsupplies lowest resturaunt paper goods supplies has been $416K..then that doesn't leave much, unfortunately, for last Quarterly PPE sales..Imo, PPE sales have lost their MOJO.
10)..CEO owns 373,500 shares
Jimmy owns way more than that..His personal holdings, along with his LMK holding, puts him well over 50% voting rights per filings several months (to a year) back.
11)..3.18 O/S
Otcmarkets reports as of 12/31....O/S 3.6B and A/S 10B
12)..Current pink
Correct, SGMD is pink current...but having been slapped with caveat emptor since about Oct14 is concerning that Jimmy unable to manage its removal..and Jan31 is cut-off date for another brokerage (Ameritrade) to buy caveat emptor shares..
Appears NUGS continues chugging along with 360 Espinosa facility improvements...https://montereyco.civicinsight.com/addresses/817582/360-espinosa-rd
Thx for posting link..Tad confusing seeing Jimmy listed as Indigo Sec and then a month later Clinton Walker replaces(?) Jimmy as Indigo Sec..Might be something, might be nothing..Before I spout out at the mouth any thoughts, I'll try and contact CW for clarity..I'll holler what I find out,if anything..Fingers crossed.