Sugarmade Inc (SGMD)

[Ibcnu]

If I may point something out.. this is from the 253G2 filed on the 12th...



We are planning to use the proceeds for expansion of Budcars, which includes partnership with current licensees with option to purchase either their license in the future and/or Real estate, and not limited to vertical integration with cultivation and in house manufacturing that allow the cultivator the ability to package and process the crops in house. We don’t have plan to purchase an extraction facility at this time, however we did announce on a press release that, we do have plan to apply and build out an cultivation facility using Micro-Businesses License on a space that is adjacent to the current Budcar location, and the Real estate is currently owned by the partner of Budcars “Mr. Clinton Walker”.
A Cannabis Microbusiness is a business that engages in at least 3 of the following 4 activities:

· Cultivation (area less than 10,000 square feet)
· Manufacturing (level 1), Manufacturing (level 6)
· Distribution
· Retail

https://sec.report/Document/0001520138-21-000095/#sgmd-253g2.htm