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Mammoth has several food scientists and a beverage formulator on staff that have developed a full line of "Ready To Drink" or "RTD" beverages. RTD refers to packaged beverages that are sold in a prepared form and are ready for consumption. Unlike traditional beverage mixes, powders, or brew-it-yourself tea or coffee products, ready-to-drink beverages can be immediately consumed upon purchase. Statistics show that single-serve, ready-to-drink (RTD) beverages have a $23 billion market with energy drinks and shots, sports drinks and nutrient-enhanced waters worth $15 billion. Mammoth plans on a first quarter launch of their proprietary blend of beverages.$INKW
Jordan Shidlofsky, Managing Member of Lunchbox Distribution, LLC, stated, "Our company recognizes the opportunity to capitalize on the growing demand for wellness products, especially the CBD infused varieties. Mammoth's capacity to meet this demand and their ability to produce a complete line of quality products was our deciding factor. We already have a strong retail client base of several thousand brick and mortar locations that sell our CBD products. Introducing CBD infused wellness beverages into our existing client base gives an immediate advantage for the retailer, Lunchbox and Mammoth." $INKW
Lunchbox Distribution LLC is a distributor/broker of premium CBD products sold throughout the U.S. Lunchbox continues to gain market share in the full-spectrum, broad-spectrum, vegan, all natural and organics CBD retail space. Products include tinctures, edibles and topicals comprising over 200 SKUs. Lunchbox has maintained a growth of over 24% per month while maintaining over 90% reorder status with existing retailers. $INKW
setting up for a break above .006 keep a close eye
Nice day here for $INKW . Lower volume consolidation.
The analysts believe that US CBD can conservatively generate sales of $16bn by 2025. $INKW
Might see PR soon, send us back to pennyland
$INKW
This stock could have another beast mode today!
Feeling excited with $INKW Latest Tweet:
Exciting times in progress. More 411 will continue to flow...like water. #Value+ #Growth+ $INKW
— Greene Concepts, Inc (@GreeneConcepts) December 4, 2019
Latest $INKW PR: SpinLabel Technologies, Inc. and Mammoth Ventures, Inc. A Wholly Owned Subsidiary of Greene Concepts Inc. Announces Manufacturing Agreement https://finance.yahoo.com/news/spinlabel-technologies-inc-mammoth-ventures-150000162.html
This is my premarket watchlist this morning!
CEO working hard to get this scrubbed up.
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 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.”
Accumulation has been rising here
I really want the awareness to keep growing here
$70 million in annualized revenues....This is huge!
$SGMD is all about massive potential.
Way under valued here still
Looking dip.. Folks seem doesn't realise how important this Acquisition is also.
Recovered nicely from the dip few days ago. Hope to see it during power hour
Decent volume so far today. Strong news this morning on the acquisition of Sky Unlimited (dba Athena United)
super undervalued down here.
SGMD planned uplisting Nasdaq before mid-year 2020.
Yes...HUGE NEWS THIS MORNING 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 U.S. and central Europe.
Looking good for potential news this week as well according to last weeks tweet.
Support at the .013 level is holding very well.
Looking for awareness to take off here soon.
The company is in the process of another major M&A transaction that will significantly further boost overall forward financial projections for 2020.
.02 is getting closer, i think we break over it soon enough
Finally..green here
I'm expecting this green to carry over into next week
nice!
Sugarmade is emerging as one of the biggest and fastest-growing hydroponics suppliers in North America, helped by an aggressive M&A roll-up strategy that has already started to pay big dividends.
Good moning Chicago...
Good Morning $SGMD Traders.... Happy Post Turkey Day.
Let’s make some decent money and enjoy what we love doing which is trading!
The company also noted that it is in the process of another major M&A transaction that will significantly further boost overall forward financial projections for 2020.
The latest from the company is that it is gearing up to follow GRWG up onto the Nasdaq exchange.
Yes I had the same thoughts when I read the PR But Jimmy Chan need to get SGMD profitable, report regularly (quarterly) and provide forward guidance. With all due respect who is going to buy SGMD at $3.00 or $4.00 a share?
Reverse splits have been done by companies in trouble trying to keep stock price up, so they can hang on to a major index listing. In this case, it is being done to lift price to gain a major index listing. You don’t lose $$ value, you just have less shares that are worth more. I see this as a good move
Agreed! I read this link "Both the NYSE and the Nasdaq require a minimum security listing price of $4 per share."
https://investopedia.com/terms/l/listingrequirements.asp
$sgmd #RS
GREAT NEWS YESTERDAY! $SGMD Company prepares for uplisting to NASDAQ and reports over 26 million in revenue year to date. Also another aquisition is in the works. Solid press release here.