Sugarmade Inc (SGMD)

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Not a scam, everything they are saying is real. It's a very simple business model of selling and delivering a product that people love and consume on a regular basis, right to their doors. SGMD already had all the business connections they needed to make this happen before the acquired Budcars, which was all BEFORE Covid19 hit the US. Demand for cannabis has skyrocketed when the pandemic hit and the stay at home orders started. They are in the right place at the right time, and making big profits because of their luck in timing. Their growth is probably due to excellent product and service and increasing customer base with repeat orders. I believe the large margins are from their connections to top quality product they get at a massive value. These are numbers you can chart out, which obviously they did in order to release the mentioned revenue projections.

But this is all new revenue. They still have outstanding notes which are obviously being converted on a daily basis. I expect it to eventually stop because they won't need that type of financing now. They only need money to rapidly expand, no doubt they are using all their profits but need more in order to become a much larger operation. We are looking at massive continual growth. The big move will come once things are proven in their filings.

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