Sugarmade Inc (SGMD)

[BesaoT35]

Tilray had gone to 300 intraday several years ago. It is down 22% today to 1.86. They are said to own 10% of MMNFF at this time.

A poster on Yahoo Finance summarized some key factors about the financials for MMNFF. There is currently $7.6 million cash on hand. Current liabilities are $44 million. There was a $31.2 million net loss in the past year. This rate of loss is accelerating.

There are currently 1.34 billion outstanding shares. There are 1.4 billion convertible debt shares waiting to list. That means a 52% reduction in share value due to future guaranteed dilution.

There are pending lawsuits.

I am not intending to be negative or disparaging. However just simply looking at fundamental financial measures it seems that caution would be advised. All this arguably might already be reflected in the price of MMNFF being down from a high of $7.00 to now around 2.5 cents.

Thanks. The doubling from 1.4 to 3 cents shows some sort of optimism. That was a timely call to buy.