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Jolly then inquired about the ownership structure between

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john44   Wednesday, 07/22/20 12:44:51 PM
Re: None
Post # of 52322 
Jolly then inquired about the ownership structure between Sugarmade and Budcars. "Budcars is currently owned by Indigo Dye Group Corporation at 60%. Sugarmade has 40%, but it has the option to purchase a controlling stake for an additional 30% to make them the controlling owner," explained Walker. Chan added that Sugarmade and Budcars signed their agreement on February 15th of this year and began working together immediately.

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