I'd like to comment about my thoughts on today's PR. There has been previous mention about a possible NASD uplisting for SGMD, but only now is it becoming a more likely scenario than a small chance. I follow over 100 cannabis stocks, and I'm pretty sure that SGMD is the only one going the route of acquisitions. I believe this is why they are able to acquire these companies so easily. It has been speculated by some here, especially RMN and myself that Bizrite was acquired because of SGMD's marketing agreement with Plantation Corp for BudLife. But I'm thinking really it's because they just want to be a public company and they had the opportunity to do so through SGMD. Maybe they don't even like SGMD that much but like Jimmy and being a public company, who knows. But now they are acquiring Sky Unlimited (and intent on 2 or 3 more companies soon), I think SGMD has really started something here. Merge all the "small" hydroponics companies into one big one, and quickly qualify for listing on the nasdaq. This is why they said they are already preparing for listing. I can't remember the specific revenue requirements off hand, but I think 70 million is around the minimum area for listing. So, just ask yourself this.... what chances does SGMD have of being listed on the nasdaq once they are in FACT an audited 70-100m revenue company? And then ask yourself this... when they list on the nasdaq, will the price be under 1.00? Then a final question, how soon will they be a proven 70m+ revenue company? I think it can be as soon as 8 or 9 months. So potentially, buying at .10 now can yield over 1000% profits if you hold a year. That's more than triple what I make in a year trading full time, and I think 1.00 is an EXTREMELY lowball number for the pps once news comes out of listing to nasdaq... more like a number it falls down to after a huge rally over 2.00 (2000%!). I look forward to going back to this message a year from now and seeing how right or how wrong I was.
x100xPercent
