Everyone has their speculative views of what they think will happen. I speculate that once the BizRight deal is done, the company will focus on a reverse merger with Hempistry. Once Hempistry is public they will list on the Nasdaq.
With the RM and Nasdaq uplisting, Hempistry will have already begun trading at a reverse IPO price of at least $4 (mininmum price to uplist to Nasdaq). Once on the Nasdaq, Hempistry will have access to the BIG BOY MONEY. With that BIG BOY MONEY, Hempistry can then turn their attention back to SKY and Hydro4less.
Hempistry, with its 2600 acres and BizRight under wraps will fetch a very high valuation. As I mention in one of my posts before, 2600 acres can yield at least $78,000,000 in revs by itself, add in, I'll say, $50 mil from BizRight, and we're talking $125,000,000 in annual revs.
As Front pointed out from his spectacular DD, Hempistry has 100,000,000 shares available. At an initial price of $4, that gives Hempistry a measly $400,000,000 market cap, that's without any multiples. Add a low multiple of 4 and we're trading at $16 per share...under a Hempistry ticker.
A reverse merger can be accomplished in a short amount of time and I think a reverse merger will make all insiders and shareholders very, very happy.
Jimmy said so himself, lol..."Sugarmade's investment into the market for high-CBD hemp is expected to be highly accretive for common shareholders in two ways. First, Sugarmade's investment will be in the form of common shares in Hempistry allowing Sugarmade common shareholders to possibly benefit from any future initial public offering of Hempistry. Second, Sugarmade is expected to sign a supply agreement with Hempistry for cultivation supplies, which would be additive to corporate revenues."
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