Sugarmade Inc (SGMD)

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Our board of directors and Majority Voting Stockholder approved on April 21, 2020 an increase to the number of common shares of the corporation from 1,990,000,000 to 10,000,000,000. The effective date of the Common Share Increase will be established by our board, which we anticipate will be on or about May 25, 2020.


EFFECTIVE DATE



Pursuant to Rule 14c-2 under the Exchange Act, the above action to effect the Common Share Increase will not be effective until a date at least twenty (20) days after the date on which the definitive Information Statement has been mailed to the stockholders. We anticipate that the actions contemplated hereby will be effected on or about the close of business on June 18, 2020.