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Tuesday, November 14, 2017 11:28:43 AM
Ok so check it -- $SGMD utilizing patented budlife.net products that are owned via Passalquas private firm Plantation Corp - which has openly sought to go public or receive public funding for about a year. Now a tonnage of filings later- myriad corps and mergers and then the proper time needed to prove that Passalaqua was in control- and here you have it --- at the precipice of a multiple penny runner with incredible DD and strength. Just READ THE 8k- 30 million in revenues projected for 2017- what???? - already profitable in 2017- expanding to more products and brands in 2018.
The Companies has agreed not to disclose name of the Supplier until such time as the LOI is accepted.
Under the terms of the proposed Agreement, Sugarmade and the Supplier will enter into a Master Marketing Agreement for the major brands offered by the Supplier. The term of the proposed Agreement will be twenty (20) years. The Company will be responsible for all sales, marketing and delivery of all established brand names. Sugarmade will, upon the signing of the definitive Agreement, immediately begin recognizing and booking revenues under its corporate Sugarmade, Inc. entity.
The Company and the Supplier estimate the revenue streams from these brands will top $30 million during calendar 2017, with meaningful growth expected during 2018. During 2017, the Supplier is expecting to be profitable with ongoing profitability envisioned. Growth in 2018 is expected to be generated from organic growth of current brands and via the addition of new brands, especially relating to legal cannabis cultivation.
The LOI Contemplate a combination of cash and Sugarmade common Shares.
While we believe there is a strong likelihood that the LOI will be accepted, there can be no guarantee that any transaction will take place.
Read the 8k in its totality here -- http://archive.fast-edgar.com//20171113/AT2ZK22CN22282Z2222G2W3ZMTBIZ2K27T92/
THERE IS SO MUCH ACTIVITY GOING ON SUGGESTING MERGERS AND DEALS between Sugarmade and Passalaqua owns Plantation Corp and Budlife.net that it would behoove an investor to read through all the 8K's and determine whether one of the unnamed companies involved in this merger that will already net 30 mil in revenues for 2017---may just indeed include $ATPT In Some capacity.
With a sure material event set to come as the CE is removed likely by end of this week -- expecting major news here that will explain this incredible upward trajectory where over 10 mil currently sits on the bid at .0059 and 5 mil at .0058 pps. This one just has a full intraday consolidation - and now it's ablento easily head back into the .007's pps.
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