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GetRich902902

07/10/19 7:05 PM

#20409 RE: Sonny Crockett #20404

I think he is making the right moves with what he has. He basically has limited money and limited staff trying to acquire 4 companies. By getting these guys on board perhaps he can raise the capital he need to get everything done.

To give you an example of what Sugarmade can do once they get the ball rolling, take a look at Green Growth Brands. Green Growth Brands stock price last year in May was around .14. This company managed to acquire 2 companies, Organic Remedies & Xanthic Biopharma. Once the acquisitions were complete in November the stock price went from .18 to a high of 2.78. In January of 2019 it had a high of 5.2. So, that's what these acquisitions will do for Sugarmade. It will sky rocket the stock price once they are complete in a matter of months. The key is raising money to rapidly expand. Jimmy has the right idea about rapidly expanding all he needs is the money. Green Growth Brands has mastered the art of raising money. They started out initially with about 107 M from high-net-worth individuals. So anyone saying you can't get a loan from friend, family and relatives is very uninformed because that is exactly what they did to get started in May 2018. Then they raised $65 M in September of 2018. Then in March 2019 managed to raise $61.2 M from “Debenture Financing”. They then turn around and basically acquire Moxie Holdings. That's how you do it. I think Sugarmade can replicate this process.

https://www.newcannabisventures.com/green-growth-brands-raises-61-2-million-in-7-convertible-note-offering/

https://www.globenewswire.com/news-release/2019/07/09/1880233/0/en/Green-Growth-Brands-to-Create-First-360-Degree-Cannabis-Company-Through-a-Combination-with-MXY-Holdings-LLC.html

https://www.greengrowthbrands.com/press-releases/2018/09/24/green-growth-brands-completes-upsized-raise-of-85-million-to-satisfy-overwhelming-investor-demand/

https://www.newcannabisventures.com/green-growth-brands-is-using-decades-of-retail-experience-to-power-its-multi-state-cannabis-strategy/