Replies to post #17468 on Sugarmade Inc (SGMD)

[GetRich902902]

I would not be too concerned about the losses.

All of the cannabis related companies are reporting losses. It is because it still early in the game and everyone is trying to grow and expand. You have to spend money to make money. Eventually the expansion phase will slow down and companies will start showing profits. Also, companies will start to merge and acquire other companies which will drive revenue and the synergies will reduce cost. In the long run many of these companies will show profit.

For example Tilray just revealed a net quarterly loss of 18.7million. Aurora revealed its loss at 80.2 Canadian dollars which is equivalent to which is equal to 60.4 US dollars.


https://www.businesswire.com/news/home/20181113006144/en/Tilray-Reports-Quarter-2018-Earnings

https://www.google.com/amp/s/www.fool.com/amp/investing/2019/02/12/20-things-to-know-about-aurora-cannabis-second-qua.aspx

https://www.google.com/amp/s/seekingalpha.com/amp/article/4238123-will-4-largest-cannabis-companies-ever-earn-profit

[akc232]

You do realize that they are acquiring companies, such as BizRight, Sky Unlimited and Hydro4less, but still have yet to note their revenues yet right?

If SGMD was posting net losses with out any changes to business then sure. But we have had 8k releases or PRs of acquisitions through out the year. Now we have found out that SGMD can now fully recognize BizRights revenues with the acquisition of BZRTH llc.

I understand your concern, but I dont think you are looking at the big picture in regards to what is to come and whats been going on for the past year.