Replies to post #51325 on Sugarmade Inc (SGMD)

[fat_tire]

What’s Jimmy going to do with all that land he leased from himself last year? Did he ever plant one seed there yet? Does he have some ownership in Lemon too? LOL

[frontloading]

Well,that explains the $1.8m..thx.. Surfed a while back and just kept the 640 acre info to myself at the time..:)

[frontloading]

If Lemon Glow "legit" ..jimmy can easily send sgmd soaring tomorrow..or any day soon..Simply,

1)..confirm core mgt team Ryan Santiago and Sammy Luu bios.. Reportedly 30 year cannabis experience personnel that signed three year contracts..

2)..confirm Lemon Glow acquisition indeed holds California mj cultivation license and ready to go now.

3)..confirm 32 acre 2021 mj planting, including social media photos

4)..confirm any additional Lemon Glow assets, interests, property, rights,licenses, etc

Don't think asking these confirmations unreasonable..DD indicates somebody paid $1.45m in June2020 for 640 acres...then somebody paid $560k in Oct2020 for 320 of those same acres..??..
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Consideration for the Merger, Company agreed to provide to the shareholders of Lemon Glow (the “Lemon Glow Shareholders”), at the closing of the Merger (the “Closing”):

(i) cash consideration of $4,256,000, consisting of:

a. $280,000 in cash; and
b. $3,976,000 via the issuance of promissory notes to Lemon Glow Shareholders, which each bear interest at the rate of 5% per year 36 monthly payments commencing on June 15, 2021 (each, a “Note” and collectively the “Notes”); and

(ii) 660,571,429 shares of common stock of the Company, par value $0.001 (the “Company Common Stock”); and
(iii) 2,000,000 shares of Series B Preferred Stock of the Company (the “Series B Stock”).

Series B preferred convert into 1000/1 common.
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*Lemon Glow Company CEO Ryan Santiago contact for inquiring minds:

Attention: Ryan Santiago, CEO

801 S. Garfield Ave., Suite 338

Alhambra, CA 91803

Email: [e-mail]