It appears that Sgmd has decided to create its primary position in the hydroponic cultivation arena with the addition of Sky Unlimited ($40 mil) coupled with discussions with suppliers totaling another $50 mil. Because there is a six month period in which to conclude buyout of Sky Unlimited, and because it allegedly has positive cash flow, future acquisitions most likely will extend beyond the current six month period for Sky Unlimited so SGMD can extract cash balance out to make future payments. I suspect that SGMD will make efforts to sign LOI so all acquisitions are completed by the end June 2019. Therefore Sgmd becomes corporation of approximately $100-120 million. The underlying payment in shares with restrictions to sell, probably a one year period, should provide shareholders a period of growth in PPS until June 2019. What I find interesting if similar pattern follows, does Jimmy risk losing control of SGMD as majority stock holder? Reading in between the lines, I think the business model is to prepare SGMD to be acquired. Because SGMD will have audited financials as well as any new entity, having positive cash flow with reasonable margins, it's a no brainer. It's a race against the clock, but as the market matures in the US during 2019, the timing might be perfect. Greater emphasis being placed on hydroponic supplies / cultivation as witnessed by Canadian activity has moved to the forefront. Just a thought.
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