Sugarmade Inc (SGMD)

[GetRich902902]

Let's not forget that SGMD has bullets left in the gun. The recent filligs may be them just laying the groundwork for the Bizright, BZRTH, & Sky Unlimited acquisitions. We all knew it was coming with the K&J Funding because they needed financing to do it. This may be them just setting it all up before they start to execute their plan. So, let's not forget the Hydro4less acquisitions. These are all stock transactions. As Sugarmade has stated: " Under the terms of the pending agreement, Sugarmade will acquire the Washington state flagship location in an all stock transaction pending mutual due diligence, completion of the definitive agreement and approval by both boards of directors." So, IMO, this may be their strategy to close out Hydro4less first (with due diligence) and get a pop in the stock price thus setting up Bizright & BZRTH acquisitions with K&J Funding. After the Bizright & BZRTH then they can close out Sky Unlimited. The Sky Unlimited acquisitions initially was a cash and stock transaction. But, in the last 8-K filing for Sky they said they are contemplating an offering of their securities for financing.The Hydro4less acquisitions seems to be the least difficult route for them. If they close out the Hydro4less acquisitions it will give them a revenue boost of $25 M with all 3 locations for a total revenue of $30 M a year. That will put a significant upward momentum in the stock price giving them momentum to close out the other acquisitions. It's going to be interesting to see how they execute it, but they have plenty of options.



https://www.prnewswire.com/news-releases/sugarmade-to-acquire-hydroponic-retailer-hydro4less-flagship-location-adding-to-streak-of-planned-acquisitions-898263995.html