Hare is a good short read today-->
About Sugarmade, Inc.
Sugarmade, Inc. (OTCMKTS:SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. NO MJ just a branding marketing pump.
data from their filings:
If we issue equity securities to raise additional funds, the percentage ownership of our existing stockholders will be reduced, and the new equity securities may have rights, preferences or privileges senior to those of the current holders of our common stock.
Sugarmade also acquired an option to purchase an additional 30% interest in Indigo, upon the closing of which would provide Sugarmade with a 70% controlling interest. This option has not yet been exercised, Sugarmade’s stake in Indigo remains at 40%, and there is no assurance that Sugarmade will exercise the option to acquire an additional 30% interest in Indigo
There is no guarantee that the Company will commence using this location as a cannabis cultivation site.
In addition, there is no guarantee that, if this occurs, the business line will be successful.
RISKS RELATED TO OUR BUSINESS
The report of our independent registered public accounting firm expresses substantial doubt about the Company’s ability to continue as a going concern.
If we are unable to achieve these goals, our business would be jeopardized and the Company may not be able to continue. If we ceased operations, it is likely that all of our investors would lose their investment.
SO where in all this is data to justify an investment?
