InvestorsHub Logo
icon url

GetRich902902

06/26/19 11:05 PM

#20215 RE: x100xPercent #20214

Yes, I think you are right. There are more and more cannabis companies out there and not enough investors. I think it is slow to bring in investors because in the US it is being legalized state by state which is slower. I am hoping that US legalization at the Federal level will bring a lot more investors in. I think when it's legal across the board in the US at the Federal level and the industry as a hold starts bringing in billions more dollars, I think more investors will come in. I think Sugamade will break from the pack with these other cannabis companies because of the acquisitions. When they close these acquisitions they will get the attention they need from major investors. Keep in mind Sugarmade does not handle any marijuana or hemp product so if they can get over the hump with these acquisitions and start recognizing $100 million or more in revenue then I believe their stock price will be enough to uplist to the Nasdaq. This will attract the institutional investors who would otherwise not invest if they were handling marijuana. So once they get these acquisitions closed it will be another ball game for SGMD.