It didn’t work and Biz figures it out that down the road SGMD wouldn’t have ability to pay note when it came due. Also recall business relationships between Jimmy and departed owner of Biz. The other targeted acquisitions also determined the risk / reward of being acquired with worthless shares made no sense. They all did. So Jimmy and Crew trying to produce dynamic spin. Just my opinion
It’s because the BZRTH acquisition was dependent on a rising stock share price. Very few cannabis related stocks are getting significantly rising prices in this environment because a lot of investors have fled the space. That’s why he can’t proceed with the other acquisitions because some of them are all stock deals. What private company is going to go through with a deal if they have no hope of rising stock prices? None. So, we have what we have until the market recovers. If he partners with a significant partner the stock price can rise a lot higher than what it is. Investors were just starting to come back to this space before that Chinese virus.
News 
Market Data 
Discover 
