Sugarmade Inc (SGMD)

[CanItBThisEZ2Make]

EXCELLENT POST - REALLY GOOD JOB! Thanks Front

ANNUAL REPORT DUE BY MIDNIGHT OCTOBER 13 (10 DAYS)

Minimal Expectations

taken from POST# 45909

Carryoutsupplies Quarterly paper product revenues $400-600k,imo.

Carryoutsupplies PPE sales $100-200k? ..May6 Jimmy announced $10m in PPE orders received..July1 Jimmy announces $886k PPE sales "in last few weeks"...suggesting the bulk of PPE sales get reported not this reporting period,but next.

IMO, zero Budcars revenues reported..Curious how much the Budcars $700k investment entry expands this Q, especially with the Quarterly dilution that took place.. Jimmy will 8k ASAP the 30% option if it occurs..Early on, Jimmy stated Budcars net profits 19-20%..And if recall correctly, even if SGMD were to incorporate into financials the 3 month Q gross sales at approx $1m, we "work with" $200k net profit...and 40% SGMD interest equates to only $80k profit..

Speculate Q revenues at $500-800k...and annual revenues at $2.4-2.7m...down significantly from 2019 $4.3m.

A lot rides on exercising Budcars 30% option..Unfortunately, Jimmy likely did not pony up $50-60k for annual audit...which is of high value to me if Jimmy planned on exercising Budcars 30% option anytime soon..Want to keep those BC revenues "honest".

Good news is Jimmy has a knack to release a pleasant,but short lived PR surprise in this scenario..My guess LA opening and/or cultivation facility news to ease the present pain :).. glta

DESIRED RESULTS (NOT NECESSARILY IN ORDER OF PRIORITY)

taken from POST# 45983

1) Update Budcars Sacramento Aug/Sept sales numbers..Whatever they are! We understand 30% growth curve will fade, no problem, present numbers still exciting once confirmed.

2) Announce solid grand opening date of at least one LA Budcars locations..

3) Update Aug/Sept PPE sales..Reasonable to expect $1m/monthly given Jimmy announced July30 $886k PPE sales last several weeks and presently existing over $10m PPE orders in hand..Expectation and realization are two different things, but if Jimmy ain't presently meeting million dollar monthly PPE sales then something wrong imo.

4) Announce SGMD has engaged L&L CPAs to audit last year financials, and services retained moving forward..As Jimmy has most assuredly failed to pay audit fee for coming 10K financials.

5) PONY UP $525k AND EXERCISE BUDCARS 30% OPTION!! ..and put Budcars operations on SGMD books!!

GO SGMD$

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