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Friday, November 30, 2018 11:55:43 AM
As things stand Sugarmade cannot recognize Bizrite revenue.
Sugarmade must complete their part of the agreement and make Bizrite a fully audited subsidiary. (Pay Bizrite owners the shares/cash as outlined in the Agreement)
Sugarmade, per their statements, are working on finalizing that deal. They were previously unable to do so due to a lack of shares/cash. With the recent share increase, they now have the shares/cash needed.
Sugarmade, per their statements, are working on finalizing the Sky Unlimited deal, which requires shares/cash. With the recent share increase, they now have the shares/cash needed.
Assuming Bizrite and Sky Unlimited management/owners are still on board, both of these deals now have the potential to close.
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