Sugarmade Inc (SGMD)

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Jimmy's private shell LMK Capital purchased the Lower Laker 40 acre vineyard retreat for $1,375,000.. CEO Jimmy maneuvered his public SGMD to pony up a $250k deposit and a $20k monthly lease agreement for 5 acre cannabis rights..certainly enough (deposit) funds for Jimmy's LMK to make a downpayment for Lower Lake and the $20k will easily handle monthly mortgage...And, reasonable to assume SGMD dilution will be used to finance the greenhouses and any additional infrastructure needed to get the 5 acres mj ready...which ultimately will increase value of Jimmy's LMK 40 acre retreat.

In retrospect, imo better PR..and investment.. potential would have been for Jimmy's public SGMD to buy the property and put the investment 100% on SGMD books VS SGMD essentially financing the 40 acre playground for Jimmy's personal portfolio..

https://www.zillow.com/homedetails/8159-Highway-29-Lower-Lake-CA-95457/2079072406_zpid/