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Monday, November 18, 2019 2:37:02 PM
Hey Rocky, Watch Me Pull A Rabbit Out My Hat
(that trick never works)
NEW YORK, November 18, 2019 -- InvestorsHub NewsWire – Sugarmade, Inc. (OTCQB:SGMD) ("Sugarmade", "SGMD", or the "Company"), a major supplier to the hydroponic cultivation and hemp sectors, is pleased to provide a strategic update as the Company advances plans to uplist to a major US exchange while moving toward another targeted acquisition. Based on the strategy the Company has laid out, management believes Sugarmade will be on track to reach excess of $65 million annualized revenues.
"We have an ambitious plan to create a viable path toward another major acquisition while extending our stepwise climb onto a major US exchange listing as we continue to expand operations in a rapidly growing market," stated Jimmy Chan, CEO of Sugarmade. "The key steps that will facilitate this evolutionary process are a 14C filing and leveraging our superior market positioning in current and forthcoming negotiations, both of which are readily accessible and attainable ideas."
Management notes that, in accordance with these plans, the Company has submitted a Schedule 14C Filing for a reverse split of its equity to establish SGMD stock above $4/share. Along with its aggressive organic expansion and recent M&A activity, this combination should qualify the Company for a Nasdaq listing.
(that trick never works)
NEW YORK, November 18, 2019 -- InvestorsHub NewsWire – Sugarmade, Inc. (OTCQB:SGMD) ("Sugarmade", "SGMD", or the "Company"), a major supplier to the hydroponic cultivation and hemp sectors, is pleased to provide a strategic update as the Company advances plans to uplist to a major US exchange while moving toward another targeted acquisition. Based on the strategy the Company has laid out, management believes Sugarmade will be on track to reach excess of $65 million annualized revenues.
"We have an ambitious plan to create a viable path toward another major acquisition while extending our stepwise climb onto a major US exchange listing as we continue to expand operations in a rapidly growing market," stated Jimmy Chan, CEO of Sugarmade. "The key steps that will facilitate this evolutionary process are a 14C filing and leveraging our superior market positioning in current and forthcoming negotiations, both of which are readily accessible and attainable ideas."
Management notes that, in accordance with these plans, the Company has submitted a Schedule 14C Filing for a reverse split of its equity to establish SGMD stock above $4/share. Along with its aggressive organic expansion and recent M&A activity, this combination should qualify the Company for a Nasdaq listing.
I am writing a book, American Cars of 1958. Check often for the latest addition. https://investorshub.advfn.com/American-Cars-of-1958-37252/
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