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$SGMD NASDAQ uplist after $37M rev acquisition completes:
Sugarmade Issues Corporate Update on Uplisting to Nasdaq Exchange
https://finance.yahoo.com/news/sugarmade-issues-corporate-uplisting-nasdaq-133010575.html
Sugarmade Targets Additional Acquisitions in Hydroponics Roll-Up Strategy
https://finance.yahoo.com/news/sugarmade-targets-additional-acquisitions-hydroponics-133010711.html
$JSHG NI 43-101 report out this week, looks like things will be heating up imo
$SGMD #cannabis #hydroponics targets more acquisitions:
https://finance.yahoo.com/news/sugarmade-targets-additional-acquisitions-hydroponics-133010711.html
Sugarmade Targets Additional Acquisitions in Hydroponics Roll-Up Strategy
GlobeNewswire GlobeNewswireDecember 3, 2019
NEW YORK, Dec. 03, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (SGMD) (“Sugarmade”, “SGMD”, or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is excited to announce that the Company continues to pursue an aggressive M&A roll-up strategy as it positions Sugarmade as the dominant entity in the hydroponics marketplace. Specifically, the Company is currently in preliminary talks with six hydroponic and agricultural supply targets in the U.S. and central Europe.
Management notes that ideal targets should have an EBITDA margin of at least 8%. The Company prefers to pay a reasonable multiple to revenue, with 10% in cash and 90% in stock for potential acquisitions, with precise terms dependent on market conditions. Sugarmade closed on its acquisition of BZRTH Inc., a marketer and manufacturer of hydroponic growth supplies, on Oct. 30, 2019, for roughly 1x revenue, integrating an annualized $33 million in revenues and an EBITDA margin of 5%, with revenues anticipated to continue to grow over coming quarters.
Sugarmade CEO, Jimmy Chan, noted, “We continue to position Sugarmade as a dominant entity in a market that promises aggressive growth as margins tighten for larger producers in the hemp and hemp-related space. The return on investment in this space is extremely appealing right now, and we believe that will continue to be the case as we pursue this strategy.”
In addition, the Company intends to revive its October 2018 Letter of Intent (“LOI”) to pursue the acquisition of Sky Unlimited (dba Athena United), a supplier of cannabis cultivation materials in the near term. Sugarmade plans to close the deal in Q1 2020. Sky Unlimited has annualized revenues of $33 million to $35 million and EBITDA margin of 11%.
Chan continued, “When we close the Sky Unlimited acquisition, we expect to have around $70 million in annualized revenues.”
Management notes that this strategy is also predicated on a planned uplisting to either the New York Stock Exchange or the Nasdaq before mid-year 2020.
Chan concluded, “The capital market is valuing publicly-traded hemp ancillary companies at 3x-5x revenue, while most of these companies are in the red. GrowGeneration just started trading on Nasdaq a few days ago with a market cap of $172 million. Our financial performance is tracking in a very similar profile at a discount of $160 million. We are targeting shareholder value and believe we have a strategy in place that offers a tremendous path forward.”
About Sugarmade, Inc.
Sugarmade, Inc. (SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator, operates Carryoutsupplies.com a leader provider to the quick service restaurant industry and Zenhydro.com a leading supplier in the online hydroponic industry.
$JSHG news out: NI 43-101 for C1 property: Values ranged from 0.26 to 20.4 g/t
https://finance.yahoo.com/news/ni-43-101-technical-report-121110522.html
NI 43-101 Technical Report Results for the C1 Property Announced
GlobeNewswire GlobeNewswireDecember 4, 2019
WOODSTOCK, Ontario, Dec. 04, 2019 (GLOBE NEWSWIRE) -- Joshua Gold Resources Inc. (OTC PINK: JSHG) a publicly traded American gold and mineral exploration company headquartered in Canada, home to the three-billion-year old Canadian Shield which contains a wealth of minerals from nickel, gold, copper and cobalt to chromium. JSHG is pleased to announce that a technical report in accordance with NI 43-101 protocol, was prepared by Mr. Warren Hawkins, P.ENG independent geological engineer for Joshua Gold Resources to evaluate the exploration potential of the C1 Property. The C1 Property is located within Rollo, Coppel and Dore Townships, District of Porcupine, in the province of Ontario, Canada, approximately 150 km northwest of Sudbury west of Highway 144.
Historically, several operators have carried out multiple exploration programs on the C1 Property with various technologies including airborne EM and magnetic surveying, ground magnetic and IP surveying, prospecting, trenching and diamond drilling. Numerous high priority targets have been identified and tested with variable results. In particular, between 2009 and 2011 a program of IP surveying and follow-up prospecting identified numerous high priority targets on the C1 claims immediately surrounding the Kenty mine site. Diamond drilling of some of these targets, yielded low gold values over narrow widths. However, numerous high priority targets remain untested.
The technical report documents the Company's 2017 drill program on cell 210391. Drilling occurred during 14 field days in 2017 from April 22 to 29 as well as on June 28, July 1 to 4, and October 1st. The objective of the drilling was to test gold mineralized quartz carbonate veins delineated by historical trenching work in the claim for depth extensions. Intervals of basaltic flow and/or feldspar porphyry and narrow quartz carbonate veins were generally reported in each hole. Anomalous gold intersections obtained during this drilling work were associated with quartz carbonate veining. Additional anomalous gold intersections occur along near the contact of a porphyry and a mafic volcanic unit.
In accordance with NI 43-101 protocol, the technical report author visited the C1 Property on September 11, 2019 to inspect the local geology, trenching and drill hole collars along with collecting grab samples from trenches. The author observed that exposed vein material at surface consisted of braided quartz containing fine to medium disseminated pyrite, with occasional bleb and stringers typically hosted within chloritized metavolcanics (basalt). Verification grab sampling of quartz carbonate veins within historical trenching on C1 Property claims, by the author, confirmed the presence of gold. Values ranged from 0.26 to 20.4 g/t showing the typical nugget effect characteristic of narrow epithermal gold vein occurrences.
The technical report concludes that gold mineralization within the C1 Property area is hosted in quartz-carbonate veins contained within an east/west striking gabbro unit. Airborne magnetic survey indicates that this gabbro unit extends approximately two km east of the C1 Property. Past surface sampling established a gold bearing trend corresponding to the northern margin of this gabbro unit in which chargeability and resistivity highs were evident. Previous operators have interpreted these as being possible extensions of the gold mineralization of the neighboring Kenty mine and can be considered priority drilling targets in our future drilling programs.
The technical report recommended exploration work includes compilation and integration of all available exploration data from the C1 Property, in particular re-interpretation of the 2009 VTEM survey and 2010 IP survey data, the 2009 trenching and geochemical surveying, and the RPE 2011 and the Company's 2017 diamond drilling program. The targets that are developed from this re-interpretation are to be tested with follow-up trenching and diamond drilling. The cost of this exploration work is estimated to be $545,000.00 Canadian dollars or approximately $414,000.00 U.S. dollars.
Mr. Ben Fuschino, JSHG CEO comments on the C1 property 43-101 National Instrument report," We have deeper drill targets to test on C1 which Mr. Hawkins has identified in this report. We are currently planning a drilling program to further explore these targets”. Mr. Fuschino further stated, "We here at Joshua are continually looking to expand our property portfolio through acquisitions of precious metal projects in Northern Ontario".
Mr. Warren Hawkins, P.ENG is an independent geological engineer and is a "Qualified Person" within the meaning of National Instrument 43-101 and has read and is responsible for the technical information contained in this news release.
The C1 43-101 National Instrument Report will be on our website, joshuagoldresources.com, for public perusal.
Joshua Gold Resources Inc. (JSHG) is a publicly traded American gold exploration company headquartered in Canada, engaged in the exploration of highly prospective properties. Joshua Gold’s focus is to pinpoint mineral opportunities in Northern Ontario, Canada, a mature and friendly jurisdiction for exploration and mining companies. Northern Ontario is home to the three-billion-year old Canadian Shield which contains a wealth of minerals from nickel, gold, copper and cobalt to chromium. For more on JSHG go to http://www.joshuagoldresources.com/.
Safe Harbor Statement This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved.
IR Contact: Wall Street Media Group 1-833-906-0327 or info@Wallstreetmediagroup.com
$SIRC undervalued here 03 area, $10M+ rev acquisition to be added to existing revs:
https://finance.yahoo.com/news/solar-integrated-roofing-corporation-finalizes-103000350.html
Solar Integrated Roofing Corporation Finalizes Acquisition Agreement with Milholland Solar Electric and Roofing
Acquisition Expected to Add More Than $10 Million in Revenues Per Year
Poway, California--(Newsfile Corp. - December 3, 2019) - Solar Integrated Roofing Corporation (OTC Pink: SIRC), an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally, announced today that the company has finalized its terms and acquisition agreement with Milholland Solar Electric and Roofing. Milholland expects to generate approximately $10 million in revenues for 2019.
David Massey, CEO of SIRC, commented, "We continue to execute on our business plan by finalizing our terms for acquiring Milholland capping an incredible period of growth for SIRC in 2019. Milholland is one of the most respected and lauded solar/roofing companies in Southern California. In 2016, Milholland was recognized by INC 5000 as one of the country's fastest growing private companies, ranked number 998 in the United States."
Commenting further, Massey said, "Once closed, the value-added of this acquisition is much more than the revenue and the net profit to SIRC. Brian Milholland brings solar expertise, engineering skills, and a very capable team which adds to the foundation we are building here at SIRC. They are the piece we need to take advantage of the new solar building codes in California and give us the ability to scale and take on any and all projects. Adding this with our solar marketing company makes our growth potential limitless."
Finally, Massey commented, "We are growing and becoming one of the leading solar/roofing companies in the Southern California markets and expect to continue to build on this foundation heading into 2020. By continuing to build our solar/roofing business, we continue to build shareholder value."
Brian Milholland founded Milholland Solar Electric and Roofing in 1990. A former 82nd Airborne Division Paratrooper in the US Army, Brian holds contractor's licenses in California and Arizona. In 2012, Brian was a BBB Torch Awards for Ethics finalist and was named 2015 SBA California Small Business Person of the Year. He is also a Sun Power Master Dealer and Tesla Certified Powerwall Installer.
About Solar Integrated Roofing Corporation
Solar Integrated Roofing Corporation is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally. For more information, please visit:
www.solarintegratedroofingcorp.com
$SIRC #solarenergy and #cannabis, great fit, something SIRC can easily supply
https://finance.yahoo.com/news/solar-integrated-roofing-corporation-finalizes-103000350.html
Solar Integrated Roofing Corporation Finalizes Acquisition Agreement with Milholland Solar Electric and Roofing
Acquisition Expected to Add More Than $10 Million in Revenues Per Year
Poway, California--(Newsfile Corp. - December 3, 2019) - Solar Integrated Roofing Corporation (OTC Pink: SIRC), an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally, announced today that the company has finalized its terms and acquisition agreement with Milholland Solar Electric and Roofing. Milholland expects to generate approximately $10 million in revenues for 2019.
David Massey, CEO of SIRC, commented, "We continue to execute on our business plan by finalizing our terms for acquiring Milholland capping an incredible period of growth for SIRC in 2019. Milholland is one of the most respected and lauded solar/roofing companies in Southern California. In 2016, Milholland was recognized by INC 5000 as one of the country's fastest growing private companies, ranked number 998 in the United States."
Commenting further, Massey said, "Once closed, the value-added of this acquisition is much more than the revenue and the net profit to SIRC. Brian Milholland brings solar expertise, engineering skills, and a very capable team which adds to the foundation we are building here at SIRC. They are the piece we need to take advantage of the new solar building codes in California and give us the ability to scale and take on any and all projects. Adding this with our solar marketing company makes our growth potential limitless."
Finally, Massey commented, "We are growing and becoming one of the leading solar/roofing companies in the Southern California markets and expect to continue to build on this foundation heading into 2020. By continuing to build our solar/roofing business, we continue to build shareholder value."
Brian Milholland founded Milholland Solar Electric and Roofing in 1990. A former 82nd Airborne Division Paratrooper in the US Army, Brian holds contractor's licenses in California and Arizona. In 2012, Brian was a BBB Torch Awards for Ethics finalist and was named 2015 SBA California Small Business Person of the Year. He is also a Sun Power Master Dealer and Tesla Certified Powerwall Installer.
About Solar Integrated Roofing Corporation
Solar Integrated Roofing Corporation is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally. For more information, please visit:
www.solarintegratedroofingcorp.com
$MVES presents at Film Market,Banking conf,share buyback:
https://finance.yahoo.com/quote/MVES?p=MVES&.tsrc=fin-srch
The Movie Studio Attends the 2019 American Film Market
LAUDERDALE, FL / ACCESSWIRE / November 6, 2019 / The Movie Studio, Inc. (OTC PINK:MVES) proudly announces that it will be attending the 2019 American Film Market November 6th though the 13th exhibiting and represented by our sales agent Cinema Arts Entertainment. The Company intends to present and solicit release of The Movie Studio's catalog of feature films for worldwide distribution and licensing new intellectual properties. The Movie Studio will be represented by Cinema/Arts Artedis occupying Premier Suite 714# at The American Film Market and will meet with domestic and international film distributors, buyers and sellers.
The Movie Studio to Present at the 147th National Investment Banking Association Conference Slated for November 12-13, 2019 in New York City
LAUDERDALE, FL / ACCESSWIRE / October 2, 2019 / The Movie Studio (OTC PINK:MVES) announced today that the Company's CEO is scheduled to present at the 147th National Investment Banking Association (NIBA) conference scheduled for November 12-13, 2019 at the Westin Times Square Hotel in New York City. The CEO and President is scheduled to provide an overview of the Company's disruptive business model and growth strategy in an effort to further enhance the shareholder awareness initiative. The presentation will feature the Company's vertically integrated business model that uniquely combines growth by acquisition with the most current "Over The Top" (OTT) distribution method available.
The Movie Studio Launches OTT Platform and App on Google Play Store and Apple App Store
The Movie Studio, Inc. (OTC: MVES) (the "Company") www.themoviestudio.com operates as a vertically integrated motion picture production and distribution company. The company acquires, develops, produces, and distributes independent motion picture content for worldwide consumption in theatrical, video on demand, foreign sales, and on various media devices. The Movie Studio is pleased to announce that it has successfully launched its brand new app, which is part of its Over The Top (OTT) platform, on the Google Play Store and Apple App Store.
The Movie Studio Inc. Announces Common Stock Buyback Share Repurchase Agreement
The Movie Studio Inc. Announces Common Stock Buyback Share Repurchase Agreement
The Movie Studio, Inc. (OTC: MVES) www.themoviestudio.com announces a common stock buyback also known as a share repurchase agreement. “Based on our continued confidence we have in our business going forward, the Board of Directors and management team believe that the company’s shares are an attractive investment opportunity,” stated Gordon Scott Venters, President and Chief Executive Officer. The company had approximately 37,300,298 shares of common stock outstanding as of June 1st, 2019.
$SIRC $10M+ rev acquisition, chart ready for a move:
chart: https://www.stockscores.com/chart.asp?TickerSymbol=sirc&TimeRange=180&Interval=d&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=&Band=&avgType1=&movAvg1=&avgType2=&movAvg2=&Indicator1=None&Indicator2=None&Indicator3=None&Indicator4=None&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen
news: https://finance.yahoo.com/news/solar-integrated-roofing-corporation-finalizes-103000350.html
Solar Integrated Roofing Corporation Finalizes Acquisition Agreement with Milholland Solar Electric and Roofing
Acquisition Expected to Add More Than $10 Million in Revenues Per Year
Poway, California--(Newsfile Corp. - December 3, 2019) - Solar Integrated Roofing Corporation (OTC Pink: SIRC), an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally, announced today that the company has finalized its terms and acquisition agreement with Milholland Solar Electric and Roofing. Milholland expects to generate approximately $10 million in revenues for 2019.
David Massey, CEO of SIRC, commented, "We continue to execute on our business plan by finalizing our terms for acquiring Milholland capping an incredible period of growth for SIRC in 2019. Milholland is one of the most respected and lauded solar/roofing companies in Southern California. In 2016, Milholland was recognized by INC 5000 as one of the country's fastest growing private companies, ranked number 998 in the United States."
Commenting further, Massey said, "Once closed, the value-added of this acquisition is much more than the revenue and the net profit to SIRC. Brian Milholland brings solar expertise, engineering skills, and a very capable team which adds to the foundation we are building here at SIRC. They are the piece we need to take advantage of the new solar building codes in California and give us the ability to scale and take on any and all projects. Adding this with our solar marketing company makes our growth potential limitless."
Finally, Massey commented, "We are growing and becoming one of the leading solar/roofing companies in the Southern California markets and expect to continue to build on this foundation heading into 2020. By continuing to build our solar/roofing business, we continue to build shareholder value."
Brian Milholland founded Milholland Solar Electric and Roofing in 1990. A former 82nd Airborne Division Paratrooper in the US Army, Brian holds contractor's licenses in California and Arizona. In 2012, Brian was a BBB Torch Awards for Ethics finalist and was named 2015 SBA California Small Business Person of the Year. He is also a Sun Power Master Dealer and Tesla Certified Powerwall Installer.
About Solar Integrated Roofing Corporation
Solar Integrated Roofing Corporation is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally. For more information, please visit:
www.solarintegratedroofingcorp.com
$SIRC #acquisition agreement to add another $10m+ in revs:
https://finance.yahoo.com/news/solar-integrated-roofing-corporation-finalizes-103000350.html
Solar Integrated Roofing Corporation Finalizes Acquisition Agreement with Milholland Solar Electric and Roofing
Acquisition Expected to Add More Than $10 Million in Revenues Per Year
Poway, California--(Newsfile Corp. - December 3, 2019) - Solar Integrated Roofing Corporation (OTC Pink: SIRC), an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally, announced today that the company has finalized its terms and acquisition agreement with Milholland Solar Electric and Roofing. Milholland expects to generate approximately $10 million in revenues for 2019.
David Massey, CEO of SIRC, commented, "We continue to execute on our business plan by finalizing our terms for acquiring Milholland capping an incredible period of growth for SIRC in 2019. Milholland is one of the most respected and lauded solar/roofing companies in Southern California. In 2016, Milholland was recognized by INC 5000 as one of the country's fastest growing private companies, ranked number 998 in the United States."
Commenting further, Massey said, "Once closed, the value-added of this acquisition is much more than the revenue and the net profit to SIRC. Brian Milholland brings solar expertise, engineering skills, and a very capable team which adds to the foundation we are building here at SIRC. They are the piece we need to take advantage of the new solar building codes in California and give us the ability to scale and take on any and all projects. Adding this with our solar marketing company makes our growth potential limitless."
Finally, Massey commented, "We are growing and becoming one of the leading solar/roofing companies in the Southern California markets and expect to continue to build on this foundation heading into 2020. By continuing to build our solar/roofing business, we continue to build shareholder value."
Brian Milholland founded Milholland Solar Electric and Roofing in 1990. A former 82nd Airborne Division Paratrooper in the US Army, Brian holds contractor's licenses in California and Arizona. In 2012, Brian was a BBB Torch Awards for Ethics finalist and was named 2015 SBA California Small Business Person of the Year. He is also a Sun Power Master Dealer and Tesla Certified Powerwall Installer.
About Solar Integrated Roofing Corporation
Solar Integrated Roofing Corporation is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally. For more information, please visit:
www.solarintegratedroofingcorp.com
$SNDD .0085 had a nice year this year. I expect 2020 to be outstanding here. Medical device company with Dr. Drew Pinsky as their national spokesperson.
https://www.redhawkholdingscorp.com/
https://www.needledestructiondevice.com/
https://drdrew.com/
$SIRC the company will hold its annual shareholder meeting on December 10th, 2019 at the corporate offices in Poway, CA.
$SGMD ready to break .013 resistance here on uplist news:
https://finance.yahoo.com/news/sugarmade-issues-corporate-uplisting-nasdaq-133010575.html
Sugarmade Issues Corporate Update on Uplisting to Nasdaq Exchange
GlobeNewswire GlobeNewswire•November 26, 2019
NEW YORK, Nov. 26, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (SGMD) (“Sugarmade”, “SGMD”, or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is pleased to provide an update as the Company moves toward an uplisting of shares onto a major US exchange following news that Sugarmade’s direct competitor, GrowGeneration Corp. (GRWG) (“GrowGen”), announced on Monday, Nov. 25, that its shares have been approved for listing on the Nasdaq Capital Market ("NASDAQ").
Following its acquisition of BZRTH, Inc. (“BZRTH”), and another acquisition to be announced in the near future, management believes that Sugarmade is very similar to GrowGen in terms of market segment, scale of operations, and financial performance metrics (on an overall, consolidated basis). As a result, the Company believes GrowGen’s move onto the Nasdaq is a very promising signal for Sugarmade as the Company prepares to uplist its own shares.
“The approval of GrowGen shares for the move up onto the Nasdaq market is a great sign for Sugarmade as we prepare to make a similar move,” commented Jimmy Chan, CEO of Sugarmade. “It’s a positive signal about the hydroponics market and about our overall strategy. It’s time for institutional investors to get heavily involved in the pick-and-shovel ancillary markets surrounding the hemp and hemp-related boom. GrowGen has done a great job, and we are hot on their tail right now, and plan to surpass them in the race to number one in the hydroponics space.”
The Company recently completed its acquisition of BZRTH. Including sales brought in by the acquisition, the Company has already booked over $26 million in revenues on a year-to-date basis. The Company anticipates this number to swell to $32 million on sequential strengthening in gross margins and sales into year end. The Company is also in the process of another major M&A transaction that will significantly further boost overall forward financial projections for 2020. Further details will follow soon.
Mr. Chan continued, “Let’s not forget why GrowGen and Sugarmade are both seeing such a strong wave of growth. The market for cultivation of hemp and hemp-related crops is growing at an astounding pace. But supply has caught up with demand, and margins are tightening fast for producers. Hydroponics is a core part of the solution for those producers. Growth is moving from cultivators to ancillary products and services catering to those cultivators. And we are committed to a leadership position as this dynamic continues to unfold.”
The total market capitalization of the Nasdaq Exchange currently stands at $10 trillion U.S. dollars, representing the second largest exchange in the world in terms of market capitalization for shares traded.
About Sugarmade, Inc.
Sugarmade, Inc. (SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator, operates Zenhydro.com a leading supplier to the Online Hydroponic Market, and Carryoutsupplies.com a leader provider to the quick service restaurant industry.
ONCI @ .0002
ONCI @ .0002
$SGMD #hydroponics giant with $37m+ revs:
https://finance.yahoo.com/news/sugarmade-issues-shareholder-letter-outlook-133000486.html
Sugarmade Issues Shareholder Letter on Outlook, Uplist, and Expansion
GlobeNewswire GlobeNewswireNovember 21, 2019
NEW YORK, Nov. 21, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (SGMD) (“Sugarmade”, “SGMD”, or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, issues the following letter on behalf of the CEO:
Dear Valued Shareholder,
First off, I wanted to take this opportunity to express our sincere gratitude for your commitment and loyalty to our long-term value proposition and to discuss our current opportunities and our roadmap as we gear up to execute on the powerful opportunities that lie ahead. We are heading toward a huge win right now, and we wouldn’t be able to get there without your continued faith.
The momentum we have established over recent months is about commitment. It’s about a thesis that we believe is rock solid: the hydroponics space has massive structural tailwinds at its back because it represents a critical answer to the long-term boom that drives the hemp and hemp-related marketplace.
That thesis was once again powerfully reinforced on Wednesday when lawmakers in the House Judiciary Committee approved a Bill that stands to decriminalize marijuana at the federal level. The Marijuana Opportunity Reinvestment and Expungement Act of 2019 (the “MORE Act”) passed by a wide margin with bipartisan support. Now it will head for a wider House vote and then on to the Senate. This is just the first step, but the nature in which this step was taken will create a lot of excitement and confidence in the big-picture vision. And it is that vision I want to talk about today.
The market for hemp and hemp-related products is going to be significantly larger five years from now than it is today. No one disagrees with that basic premise. Our model, fundamentally, is predicated on the idea that this larger structural boom will contain lots of ups and downs for primary producers, but will be a much smoother ride for companies able to position as pick-and-shovels to those producers. As the overall industry grows, the pie gets bigger and bigger for those catering to that industry. And hydroponics is a natural solution to tightening margins, which puts us squarely in the game for every part of the cycle.
The MORE Act is a very exciting step because it effectively removes marijuana from the list of federally controlled substances and turns over control to state lawmakers. The upshot is that solid businesses in that industry will have access to the normal range of services that other industries thrive on, including a landscape of banking and investment regulations that allow for commercial success. The implications of this shift cannot be understated.
In short, this a strong and decisive step toward an eventual legalization process across the entirety of the United States.
Does it change our approach? Actually, no. We will continue down the same path we were on before Wednesday. This legislative process simply serves to expedite our time horizon for actualizing our big-picture objectives. We are committed to a process that will leave Sugarmade as the single dominant publicly traded player in the hydroponics space.
That process is well underway, and it involves strategic M&A activity and operational execution. A perfect example of this process is our recently closed acquisition of BZRTH. That move delivers us an ecommerce footprint and infrastructure that can’t be matched in the industry right now, including a best-in-class logistics platform and a 55k square foot fulfillment center.
We are in the process of another landmark acquisition that will feed into this process with a great deal of synergy. This is a simple act of combinatorial mathematics. The big point is that we know the long-term reality: gaining dominance in hydroponics now will pay off massively down the line. That’s the axiomatic idea. And we are taking steps to realize that vision every day.
This is exactly why we are also committed to uplisting to one of the major Exchanges. This is well within reach, and it will have an enormously valuable impact on our capacity to implement our larger strategies. Part of that process is a reverse split of our equity.
We understand that some investors view reverse splits as necessarily negative events. But that’s because, in most cases, they are undertaken for negative reasons. The stigma that accompanies reverse stock splits is an association with dilution or malinvestment. In this case, we are talking about a completely different dynamic. This is a step taken by a strong company with a big vision. It represents part of a bold initiative to drive improved value for shareholders – to significantly increase the value proposition we offer to our most committed stakeholders – and to make Sugarmade a household name.
Our goal is not to deliver you an overnight $4 stock. It’s to deliver you a long-term trend of continuous growth in returns on your investment. This market is headed for enormous upside. And we have an opportunity right now to grab that bull by the horns. This is simply one step along that path.
And I can’t wait to update you every step of the way.
Best Regards,
Jimmy Chan, CEO
About Sugarmade, Inc.
Sugarmade, Inc. (SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator and processor of industrial hemp and hemp distillates and isolates, and operates Carryoutsupplies.com a leader provider to the quick service restaurant industry.
$SGMD revs expected to exceed initial projections:
https://finance.yahoo.com/news/sugarmade-discusses-growing-cost-advantages-133000482.html
Sugarmade Discusses its Growing Cost Advantages in Hydroponics Supplies - Announces Strong Preliminary Results for Calendar 2019 Exceeding Internal Forecasts
GlobeNewswire GlobeNewswireNovember 19, 2019
NEW YORK, Nov. 19, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (SGMD) (“Sugarmade”, “SGMD”, or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, today announces preliminary calendar year to date revenue performance of $26 million and strengthening gross margins. The Company is expecting its recently acquired hydroponics supply operation to produce approximately $32 million for the calendar year. Based on both growing revenues and an expanding sector cost advantage, the Company believes it is well-positioned moving into 2020.
“This business sector is all about robust product sourcing, efficiency in logistics and effective e-commerce programs, not to mention effective placement on Amazon, where we are realizing great success. Our revenue and gross margin production are testaments to the fine job our staff has done relative to these areas,” commented Chief Executive Officer, Jimmy Chan. “Our revenue for this calendar year, as well as our gross margins, have exceeded our internal forecasts. We are especially pleased with how gross margins have remained robust all year and have actually risen over the past few months, bucking the expected seasonal trend in this subsector of the agricultural supply industry. We believe we are especially well set up moving into 2020, with not only e-commerce, but also brand and logistical advantages over the competition.”
The Company’s online strategy, especially relating to placement on Amazon.com, has proven to be a significant success with the ipower and Simple Deluxe product lines now becoming “Best Seller” brands on the e-commerce site. Over the past year, the Company has continued to increase the number of its products available via the Amazon sales channel. As a result, the product lines now hold the Amazon “Best Rated in Greenhouse Ventilation Equipment.”
In addition, to growth via the Amazon channel, the operation has also been very successful via its own logistic, e-commerce, and fulfillment efforts. Management believes the Company now has a cost advantage by way of its 55,000-square-foot fulfillment center located in Irwindale, California. Located strategically along a logistics corridor, which directly connects to the Port of Long Beach, the Company is able to import and fulfill customer deliveries from a very low-cost position, especially relative to orders placed by the growing number of California-based customers. Internal Company analysis places this cost savings at an approximate 65% cost advantage compared to traditional warehousing and logistics structures.
The Company is extremely pleased with the seasonality trends relative to both revenues and gross margins. Despite a normal peak sales season in the agricultural sectors centering around late Spring as cultivators prepare for peak planting season, the Company has been able to maintain sequential monthly revenue growth over the past few months with revenue production for each of the months of October and November equaling or exceeding all other months, except for the expected peak planting month of May. Combined gross margins for the months of August, September and October at nearly 36% easily exceeded the average for the first seven months of the calendar year, reflecting both revenue strength and an increasingly favorable product mix of newly introduced products, which are increasingly being accepted by the Company’s customers.
The Company attributes much of the revenue growth and strong margin successes to its continually evolving online strategy and to its strong product sourcing capabilities. Mr. Chan continued, “Our online strategies have been on point all year, allowing us to keep customer acquisition costs in-line, while strongly growing revenues. We have also been highly successful in sourcing products. When products demanded by our customers could not be procured at reasonable prices, our staff innovated by initiating programs directly with manufacturers. These internally sourced products have been some of our best performers. We then utilize our considerable logistics operations to get these products into the hands of our customers. With a strong cost advantage, we have been able to keep our prices low, which has increased customer loyalty, allowing us to capture a growing market share at numerous important cultivators. We have now exceeded one of our long-term goals by surpassing the important $1,000,000 annual per-employee revenue market. We are looking forward to continued growth in 2020.”
$SGMD added on dip today and heading back to green. Huge overreaction today on R/S news not taking into account the reasoning, or anticipated outcome, of the split >>
Management notes that, in accordance with these plans, the Company has submitted a Schedule 14C Filing for a reverse split of its equity to establish SGMD stock above $4/share. Along with its aggressive organic expansion and recent M&A activity, this combination should qualify the Company for a Nasdaq listing.
Sugarmade Announces Corporate Strategy in Preparation for Uplist to Major US Exchange
https://finance.yahoo.com/news/sugarmade-announces-corporate-strategy-preparation-133000597.html
#MJ #Hemp #CBD #Cannabis #hydroponics
$SGMD .01+ very strong bounce off .0073 bottom, news:
https://finance.yahoo.com/news/sugarmade-announces-corporate-strategy-preparation-133000597.html
Sugarmade Announces Corporate Strategy in Preparation for Uplist to Major US Exchange
GlobeNewswire GlobeNewswireNovember 18, 2019
NEW YORK, Nov. 18, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (SGMD) (“Sugarmade”, “SGMD”, or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is pleased to provide a strategic update as the Company advances plans to uplist to a major US exchange while moving toward another targeted acquisition. Based on the strategy the Company has laid out, management believes Sugarmade will be on track to reach excess of $65 million annualized revenues.
“We have an ambitious plan to create a viable path toward another major acquisition while extending our stepwise climb onto a major US exchange listing as we continue to expand operations in a rapidly growing market,” stated Jimmy Chan, CEO of Sugarmade. “The key steps that will facilitate this evolutionary process are a 14C filing and leveraging our superior market positioning in current and forthcoming negotiations, both of which are readily accessible and attainable ideas.”
Management notes that, in accordance with these plans, the Company has submitted a Schedule 14C Filing for a reverse split of its equity to establish SGMD stock above $4/share. Along with its aggressive organic expansion and recent M&A activity, this combination should qualify the Company for a Nasdaq listing.
Following its acquisition of BZRTH, Inc. (“BZRTH”) last month, the Company is continuing to aggressively roll-up a dominant position in the $24 billion hydroponics space. Sugarmade is currently engaged in negotiations involving another major acquisition. The Company will update shareholders and interested potential investors as events transpire.
Mr. Chan continued, “We understand that reverse stock splits are usually viewed negatively because they generally happen in response to serious problems with a publicly traded company. But they can also be part of a strategic plan that is tethered to strong future growth and expanding shareholder value. In this case, we are dealing with the latter case. The move will enable Sugarmade to generate immense amount of new shareholder value through both expanded operations and better terms in accessing new investment markets.”
About Sugarmade, Inc.
Sugarmade, Inc. (SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator, operates Zenhydro.com a leading supplier to the Online Hydroponic Market and Carryoutsupplies.com a leader provider to the quick service restaurant industry.
$SGMD $37M acquisition done,more coming, major exchange uplist in the works which requires an RS and is causing the pps dip here. load up soon imo
https://finance.yahoo.com/news/sugarmade-announces-corporate-strategy-preparation-133000597.html
Sugarmade Announces Corporate Strategy in Preparation for Uplist to Major US Exchange
GlobeNewswire GlobeNewswireNovember 18, 2019
NEW YORK, Nov. 18, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (SGMD) (“Sugarmade”, “SGMD”, or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is pleased to provide a strategic update as the Company advances plans to uplist to a major US exchange while moving toward another targeted acquisition. Based on the strategy the Company has laid out, management believes Sugarmade will be on track to reach excess of $65 million annualized revenues.
“We have an ambitious plan to create a viable path toward another major acquisition while extending our stepwise climb onto a major US exchange listing as we continue to expand operations in a rapidly growing market,” stated Jimmy Chan, CEO of Sugarmade. “The key steps that will facilitate this evolutionary process are a 14C filing and leveraging our superior market positioning in current and forthcoming negotiations, both of which are readily accessible and attainable ideas.”
Management notes that, in accordance with these plans, the Company has submitted a Schedule 14C Filing for a reverse split of its equity to establish SGMD stock above $4/share. Along with its aggressive organic expansion and recent M&A activity, this combination should qualify the Company for a Nasdaq listing.
Following its acquisition of BZRTH, Inc. (“BZRTH”) last month, the Company is continuing to aggressively roll-up a dominant position in the $24 billion hydroponics space. Sugarmade is currently engaged in negotiations involving another major acquisition. The Company will update shareholders and interested potential investors as events transpire.
Mr. Chan continued, “We understand that reverse stock splits are usually viewed negatively because they generally happen in response to serious problems with a publicly traded company. But they can also be part of a strategic plan that is tethered to strong future growth and expanding shareholder value. In this case, we are dealing with the latter case. The move will enable Sugarmade to generate immense amount of new shareholder value through both expanded operations and better terms in accessing new investment markets.”
About Sugarmade, Inc.
Sugarmade, Inc. (SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator, operates Zenhydro.com a leading supplier to the Online Hydroponic Market and Carryoutsupplies.com a leader provider to the quick service restaurant industry.
$DBMM wins SEC revocation case: https://www.sec.gov/alj/aljdec/2019/id1389cff.pdf
! CONGRATULATIONS ! Judge VERDICT OUT : DBMM_MADE_OTC_HISTORY
DBMM WON SEC v. DBMM case.
Judge DISMISSED SEC OIP on DBMM.
DBMM to up list to OTC*PINK Current from Expert Market.
DBMM : 1st OTC company to win case against SEC after both suspension and an OIP.
DBMM : 1st OTC company to up list to OTC*PINK Current from Expert Market.
DBMM WON long hard fought battle after
filing *** AUDITED *** Annual Reports for 2015, 2016, 2017, 2018 and 2019 and
filing all Quarterly Reports and
filing all Amendments as per SEC comments.
DBMM and its SHAREHOLDERS are GOLDEN GOING FORWARD.
DBMM did it. It is a REALITY NOW, believe it or not.
For ENTERTAINMENT, read the Judge Verdict and whole case at bottom.
https://www.sec.gov/litigation/apdocuments/ap-3-17990.xml
Very exciting times ahead with $3+ Million investment and Digital Clarity winning Gold award in ‘Best evaluation strategy’ category,
DBMM will enter a MAJOR GROWTH PHASE right after going OTC PINK Current up list.
With 16 HI TECHNOLOGY employees already working for DBMM and many multinational companies as their client,
SKY is the limit for this Social Media and Analytics OTC company.
DBMM/DIGITAL CLARITY CREDENTIAL DESK
http://www.dbmmgroup.com/wp-content/uploads/2018/12/Digital-Clarity-Creds-Deck_DBMM_Nov2018.pdf
DBMM will be MULTI PENNY runner.
My target is $.10 to $.40+ based on DBMM winning above case against SEC and below DD points.
NEXT BIG THING IN OTC. Unlike other OTC companies, below DD points are REAL and AUDITED.
1) Growing social media & analytics company
2) 16 highly educated technology and management employees
3) Half a million dollar in revenue
4) $3+ million in investment
5) Float only 729 Million
6) Float NOT increased in last 3 years and 6 months now
7) Non-toxic funding
8) ZERO dilution
9) CEO, Linda Perry has MBA from Harvard University-Harvard Business School
10) Executive Director, Reggie James is a technology leader. Written 14+ technology articles
11) Certain new significant clients representing a variety of industries were added to client roster
12) Large multinational companies are clients. Mercedes, Xerox, ProCook, Silverstone, H.R.Owen and many more
13) Many IT industry awards including top 10 best social media marketing firms award
14) OTC Markets Reporting status : U.S. Reporting: SEC Reporting
*** Strategic milestones achieved in 2018 and 2019 ***
DBMM got moved from "OTC*Grey" Tier to "Expert Market" Tier on October 9th, 2019
Completed filing of all past and current Qs and Ks as per SEC comments.
10-K/A* for 2015-2016-2017 filed on October 01, 2019
10-K/A* for 2018 filed on October 01, 2019
10-Q for Q3-2019 filed on July 12, 2019
The Q3 2019 filing marks one year from Q3 2018, the first report which was filed in a timely manner.
10-K/A* for 2015-2016-2017 filed on April 24, 2019
10-K/A* for 2018 filed on April 23, 2019
10-Q for Q2-2019 filed on April 09, 2019
10-Q for Q1-2019 filed on Jan 14, 2019
DBMM continues to hire IT and Management professionals. 16 professionals on LinkedIn.
10-K for 2018 filed on Dec 14, 2018
10-Q for Q3-2018 filed on July 18, 2018
10-Q for Q2-2018 filed on June 25, 2018
10-Q for Q1-2018 filed on filed June 22, 2018
Consolidated Super 10-K for 2015-2016-2017 filed on May 31, 2018
DBMM hired respected auditors to audit and file pending and current Qs and Ks on Oct 16, 2017
Job titles of employees of DBMM and Digital Clarity
1. Digital Clarity UK & Exec Director DBMM Group Inc, US
2. Head of Digital at Digital Clarity
3. Senior Account Manager at Digital Clarity
4. Client Liaison Manager at Digital Clarity
5. Sales Engineer at Digital Clarity
6. Digital Clarity - Australian Development
7. Digital Account Manager
8. PPC Expert at Digital Clarity
9. Search and Social Expert at Digital Clarity
10. Account Manager at Digital Clarity
11. New Business Development at Digital Clarity
12. Account Manager at Digital Clarity
Some of Digital-Clarity clients listed on Digital-Clarity website.
https://www.digital-clarity.com/our-work/
1. Mercedes-Benz
2. H R Owen
3. JWT
4. Africa Travel Resource
5. Lumesse
6. Silverstone
7. Lobar
8. UCLA
9. Abbey Road Institute
10. McGee
11. Babcock
12. Xerox
13. Chatsworth House Trust
14. ProCook E-commerce
DBMM Executive Management and Board
Reggie James
Executive Director | Co-Chief Operating Officer & SVP of Marketing & Communications
Neil Gray
Executive Director & Chairman
Linda Perry
Executive Director, Chair, Nomination/Compensation & Audit Committees
*****11/01/2019*****NO CHANGE IN FLOAT SINCE LAST 3+ YEARS. ZERO*DILUTION
729,751,987 Float as of 5/25/2016
729,751,987 Float as of 11/01/2019
$SGMD #hydroponics #cannabis 6m revenues target $30M/yr
https://finance.yahoo.com/news/sugarmade-releases-h1-2019-data-133000554.html
Sugarmade Releases H1 2019 Data for Recent Acquisition, BZRTH: Over $15M Sales on 25% Sequential Revenue Growth
GlobeNewswire GlobeNewswireNovember 12, 2019
NEW YORK, Nov. 12, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (SGMD) (“Sugarmade”, “SGMD”, or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is pleased to provide full financial performance data for its recent acquisition, BZRTH, LLC (“BZRTH”), a leading hydroponics ecommerce supplier. Data for the six months ended June 30, 2019, reveal net profitability on sales exceeding $15 million, representing 25% revenue growth on a sequential six-month period basis.
Jimmy Chan, CEO of Sugarmade, commented, “We are very happy to present our shareholders and current and prospective investors with a quantitative overview of the financial performance we are integrating as we assimilate BZRTH into Sugarmade. If any doubts remained about the strategic merits of this transaction, hopefully they will be soundly put to bed by the top and bottom line performance we are revealing today.”
BZRTH Financial Data Highlights for the Six Months Ended June 30, 2019:
Total Sales above $15 million
Gross Profit above $5 million
Sequential Decline in Cost of Goods Sold as a Percent of Total Sales
Overall Sales growth of 25% Sequentially
Net Profitability generating Net Income of $749K
Management notes that the powerful positive trends in both growth rate and operational efficiency, as well as the nominal scale of operations, define an extremely desirable trajectory as BZRTH assets are integrated into Sugarmade operations. The Company also believes that inherent synergies between the two companies will capture and improve upon BZRTH standalone trends in the quarters ahead.
“BZRTH fits into Sugarmade like a hand in a glove,” continued Mr. Chan. “We didn’t just buy ourselves $37 million in forward sales. We bought ourselves a ton of synergy that will elevate the impact of everything we do. Moreover, this data represents a strong affirmation of our core strategic thesis: the center of gravity in terms of overall growth in the hemp and hemp-related boom has shifted from primary producers to ancillary industries that enable greater productive efficiency, with hydroponics sitting right at the heart of that dynamic. With this acquisition, Sugarmade has now assumed a central leadership position in that ascendant theme.”
The Company plans to release further BZRTH financial data for quarter ended September 30, 2019 along with projections for current quarter performance in the very near future.
About Sugarmade, Inc.
Sugarmade, Inc. (SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based and operates Carryoutsupplies.com a leader provider to the quick service restaurant industry.
$ARSN Excited to announce that a truck is being loaded with @YuenglingsIC Now for 1st time delivery to the great state of Texas! #ButterBeer
https://twitter.com/AureusNow/status/1190274300248387584
$SGMD accumulation ~ large bids stacked and recent acquisition
Take a look at $RMXD
https://finance.yahoo.com/quote/RXMD?p=RXMD&.tsrc=fin-srch
$SGMD 0.018 resistance ready to break again, then on to .02 break after hitting .0198 HOD today. 8k/news on acquisition completion last week and shareholder update yest:
https://finance.yahoo.com/news/sugarmade-ceo-issues-shareholder-letter-133000445.html
Sugarmade CEO Issues Shareholder Letter on M&A Strategy Following Landmark Deal in $24B Hydroponics Space
GlobeNewswire•November 4, 2019
NEW YORK, Nov. 04, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (SGMD) (“Sugarmade”, “SGMD”, or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, issues the following Letter to Shareholders from the Company’s CEO:
Dear Valued Shareholder,
As announced in recent days, we have completed a landmark deal to acquire BZRTH, LLC (“BZRTH”), one of the true market leaders on the ecommerce side of the explosive hydroponic agricultural space. This acquisition alone should position Sugarmade as one of the largest publicly traded companies in the overall hydroponics space, driving EBITDA profitability, net-positive cash flows, and top-line sales of $37 million on a forward basis.
Sugarmade has acquired BZRTH in a manner that is particularly friendly to Company common shareholders. The transaction was for 650 million shares of common stock, of which 30% have already been issued, cash, preferred shares, and a long-term note, where Sugarmade has two years to pay the remaining cash component. Most of the common and preferred shares will be subject to significant selling restrictions, which will limit the number of shares insiders can liquidate, aligning their interests with those of common shareholders. In addition to the common stock, the transaction included 3.5 million shares of Series B convertible preferred stock, $870K in cash (already paid as part of prior marketing agreement), and 5% promissory notes in the sum of $7.13 million that will come due in two years. We have designed the terms of this acquisition to benefit both current shareholders and the previous owners of BZRTH who have built such a strong business operation.
We believe this is a tremendous deal for our shareholders given the enormous top and bottom-line growth that is already implicit in the deal and the projections we have on hand for growth in this opportunity in the quarters and years ahead.
While that acquisition was a major step, we feel it is really just the beginning. We are already in talks pursuing other deals in what we would consider to be a comprehensive multi-step roll-up strategy designed to create a truly market-dominant positioning for the Company based on our driving strategic thesis: hydroponics is set to become the difference-maker that separates successful producers of hemp and hemp-related crops from the rest of the herd.
That thesis is predicated on research and analysis demonstrating that the investment boom in the production of raw hemp and hemp-related crops has tightened margins for growers through a massive expansion in the sheer number of producers. In other words, while demand for these crops is skyrocketing – and will continue to skyrocket for years to come – the number of producers competing in this niche is also ramping sharply.
The upshot is narrowing profit margins among competing producers, which is translating into a boom for producers and distributors of what we call “margin amplifiers”. Hydroponics equipment is a prime example of capital expenditures that can work to widen margins for producers of hemp and hemp-related crops. In other words, the boom in demand for these crops should show up most powerfully in the pick-and-shovel industries, like hydroponics, that enable more efficient production.
We are absolutely committed to dominating the hydroponics supply niche, and BZRTH is the first of a string of planned acquisitions set to demonstrate that dominant positioning.
We will have more details on the path forward in the days and weeks that follow.
Warm Regards,
Jimmy Chan, Sugarmade CEO
About Sugarmade, Inc.
Sugarmade, Inc. (SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator and operates Carryoutsupplies.com a leader provider to the quick service restaurant industry.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others. such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements.
Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
Corporate Contact:
Jimmy Chan
+1-(888)-982-1628
info@Sugarmade.com
Press & Media Inquiries:
EHC Branding Agency
Info@EHCBrandingAgency.Com
(626) MJ-BRAND
Corporate Communications:
NetworkWire (NW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkWire.com
$SGMD $37M acquisition done, great trading every day since. Major move up coming soon imo
NIHK Headed To SilverLand - Merger 8K Out Friday!
$SGMD 8K out ~ BZRTH acquisition >>
https://ih.advfn.com/stock-market/USOTC/sugarmade-inc-qb-SGMD/stock-news/81049165/current-report-filing-8-k
Sugarmade Closes BZRTH Acquisition, Creating Dominant Entity in $24B Global Hydroponics Market
https://finance.yahoo.com/news/sugarmade-closes-bzrth-acquisition-creating-123005913.html
“As of today, Sugarmade is one of the largest publicly traded hydroponics companies in the world,” remarked Jimmy Chan, CEO of Sugarmade. “The most important idea we want to convey to our committed shareholders right now is that this move was not a one-off deal. It’s part of a multi-step roll-up strategy designed to create the dominant force in this market as we look ahead to a world where hydroponics becomes the difference between success and failure for producers in the rapidly growing market for hemp and hemp-related crops in North America.”
About Sugarmade, Inc.
Sugarmade, Inc. (SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator of industrial hemp, and operates Carryoutsupplies.com a leader provider to the quick service restaurant industry.
#MJ #Hemp #CBD #Cannabis #hydroponics
$SGMD 8k and news on acquisition completion, 1st of many!
https://finance.yahoo.com/news/sugarmade-closes-bzrth-acquisition-creating-123005913.html
Sugarmade Closes BZRTH Acquisition, Creating Dominant Entity in $24B Global Hydroponics Market
GlobeNewswire•October 31, 2019
NEW YORK, Oct. 31, 2019 (GLOBE NEWSWIRE) -- via NetworkWire - Sugarmade, Inc. (SGMD) (“Sugarmade,” “SGMD,” or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is excited to announce the closing of the Company’s acquisition of BZRTH, LLC (“BZRTH”), a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. The Company expects the new combined entity to drive EBITDA profitability, net-positive cash flows, and top-line sales of $37 million on a forward basis.
“As of today, Sugarmade is one of the largest publicly traded hydroponics companies in the world,” remarked Jimmy Chan, CEO of Sugarmade. “The most important idea we want to convey to our committed shareholders right now is that this move was not a one-off deal. It’s part of a multi-step roll-up strategy designed to create the dominant force in this market as we look ahead to a world where hydroponics becomes the difference between success and failure for producers in the rapidly growing market for hemp and hemp-related crops in North America.”
Management notes that the integration of BZRTH implies the vertical integration of ecommerce through ZenHydro.com (and several additional hydroponics ecommerce sales portals) with a 55k sq. ft. fulfillment center and a market leading logistics platform. The Company also continues to negotiate with several other entities to continue to drive its aggressive M&A-based expansion strategy.
Mr. Chan continued, “We plan to continue to be very aggressive on the M&A side. This space is extremely ripe for disruption through consolidation of successful entities. And we have strong momentum right now to snowball this process by combining and coordinating undervalued assets into a single dominant market force that benefits from powerful overlapping growth in ecommerce, hemp, and hydroponics.”
According to recent research from Mordor Intelligence, the Global Hydroponics Market was valued at $24 billion in 2018 and is expected to register strong growth over coming years. Maximize Market Research also forecasts a coming boom in this market space, driving total annual sales from $26.6 billion in 2017 to $37.7 billion by 2026.
About Sugarmade, Inc.
Sugarmade, Inc. (SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator of industrial hemp, and operates Carryoutsupplies.com a leader provider to the quick service restaurant industry.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others. such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements.
Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
Corporate Contact:
Jimmy Chan
+1-(888)-982-1628
info@Sugarmade.com
Corporate Communications:
NetworkWire (NW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkWire.com
$JSHG boosts mineral claims with rare minerals:
News: https://finance.yahoo.com/news/joshua-gold-resources-acquires-mineral-135850547.html
Chart: https://www.stockscores.com/chart.asp?TickerSymbol=jshg&TimeRange=180&Interval=d&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=&Band=&avgType1=&movAvg1=&avgType2=&movAvg2=&Indicator1=None&Indicator2=None&Indicator3=None&Indicator4=None&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen
Joshua Gold Resources Acquires New Mineral Properties
GlobeNewswire•October 31, 2019
WOODSTOCK, Ontario, Oct. 31, 2019 (GLOBE NEWSWIRE) -- Joshua Gold Resources Inc. (OTC PINK: JSHG) a publicly traded American gold and mineral exploration company headquartered in Canada, home to the three-billion-year old Canadian Shield which contains a wealth of minerals from nickel, gold, copper, niobium, uranium and cobalt to chromium.
JSHG is pleased to announce that on October 23, 2019, it has purchased eleven (11) mineral claims in Northern Ontario, Canada.
The first two of these newly acquired claims (app. 80 acres) are prospective gold claims are in the Shiningtree area between Sudbury and Timmins in Northern Ontario which are added to the JSHG land position in the area. Another nine (9) claims (approximately 360 acres) situated on Nemegosenda Lake in Northern Ontario contiguous to the Sarissa Resources Niobium patents.
To complete this acquisition of these claims, JSHG will issue three hundred thousand (300,000) JSHG common shares and Pay $475CDN dollars for one hundred per cent ownership from an Ontario prospector. There are no Net Smelter Royalties tied to any of these properties.
Ben Fuschino, JSHG CEO, comments, "We are pleased to enlarge our position in Shiningtree as we believe, long term, this is a very prospective area and will continue to add to our land position there under suitable circumstances. We are familiar with the SRSR Niobium project in and around Nemegosenda Lake in Ontario and we are pleased that we now have a foothold in that rare metals play. Of course, JSHG's primary focus is on the C1 Gold properties in the historic Swayze Gold camp and we will have news on that project going forward in the near future."
Joshua Gold Resources Inc. (JSHG) is a publicly traded American gold exploration company headquartered in Canada, engaged in the exploration of highly prospective properties. Joshua Gold’s focus is to pinpoint mineral opportunities in Northern Ontario, Canada, a mature and friendly jurisdiction for exploration and mining companies. Northern Ontario is home to the three-billion-year old Canadian Shield which contains a wealth of minerals from nickel, gold, copper and cobalt to chromium. For more on JSHG go to http://www.joshuagoldresources.com/.
Safe Harbor Statement This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved.
IR Contact: Wall Street Media Group 1-833-906-0327 or info@Wallstreetmediagroup.com
$SGMD 10M vol, $37M acquisition closes, massive 2020 ahead imo. some convertible notes hitting, once cleaned up we see 02, then 03 and then true breakout imo
Sugarmade Closes BZRTH Acquisition, Creating Dominant Entity in $24B Global Hydroponics Market
https://www.otcmarkets.com/stock/SGMD/news/Sugarmade-Closes-BZRTH-Acquisition-Creating-Dominant-Entity-in-24B-Global-Hydroponics-Market?id=244859
NEW YORK, Oct. 31, 2019 (GLOBE NEWSWIRE) -- via NetworkWire - Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade,” “SGMD,” or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is excited to announce the closing of the Company’s acquisition of BZRTH, LLC (“BZRTH”), a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. The Company expects the new combined entity to drive EBITDA profitability, net-positive cash flows, and top-line sales of $37 million on a forward basis.
“As of today, Sugarmade is one of the largest publicly traded hydroponics companies in the world,” remarked Jimmy Chan, CEO of Sugarmade. “The most important idea we want to convey to our committed shareholders right now is that this move was not a one-off deal. It’s part of a multi-step roll-up strategy designed to create the dominant force in this market as we look ahead to a world where hydroponics becomes the difference between success and failure for producers in the rapidly growing market for hemp and hemp-related crops in North America.”
Management notes that the integration of BZRTH implies the vertical integration of ecommerce through ZenHydro.com (and several additional hydroponics ecommerce sales portals) with a 55k sq. ft. fulfillment center and a market leading logistics platform. The Company also continues to negotiate with several other entities to continue to drive its aggressive M&A-based expansion strategy.
Mr. Chan continued, “We plan to continue to be very aggressive on the M&A side. This space is extremely ripe for disruption through consolidation of successful entities. And we have strong momentum right now to snowball this process by combining and coordinating undervalued assets into a single dominant market force that benefits from powerful overlapping growth in ecommerce, hemp, and hydroponics.”
According to recent research from Mordor Intelligence, the Global Hydroponics Market was valued at $24 billion in 2018 and is expected to register strong growth over coming years. Maximize Market Research also forecasts a coming boom in this market space, driving total annual sales from $26.6 billion in 2017 to $37.7 billion by 2026.
About Sugarmade, Inc.
Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator of industrial hemp, and operates Carryoutsupplies.com a leader provider to the quick service restaurant industry.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others. such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements.
Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
Corporate Contact:
Jimmy Chan
+1-(888)-982-1628
info@Sugarmade.com
Corporate Communications:
NetworkWire (NW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkWire.com
$JSHG acquires rare mineral property:
https://finance.yahoo.com/news/joshua-gold-resources-acquires-mineral-135850547.html
Joshua Gold Resources Acquires New Mineral Properties
GlobeNewswire•October 31, 2019
WOODSTOCK, Ontario, Oct. 31, 2019 (GLOBE NEWSWIRE) -- Joshua Gold Resources Inc. (OTC PINK: JSHG) a publicly traded American gold and mineral exploration company headquartered in Canada, home to the three-billion-year old Canadian Shield which contains a wealth of minerals from nickel, gold, copper, niobium, uranium and cobalt to chromium.
JSHG is pleased to announce that on October 23, 2019, it has purchased eleven (11) mineral claims in Northern Ontario, Canada.
The first two of these newly acquired claims (app. 80 acres) are prospective gold claims are in the Shiningtree area between Sudbury and Timmins in Northern Ontario which are added to the JSHG land position in the area. Another nine (9) claims (approximately 360 acres) situated on Nemegosenda Lake in Northern Ontario contiguous to the Sarissa Resources Niobium patents.
To complete this acquisition of these claims, JSHG will issue three hundred thousand (300,000) JSHG common shares and Pay $475CDN dollars for one hundred per cent ownership from an Ontario prospector. There are no Net Smelter Royalties tied to any of these properties.
Ben Fuschino, JSHG CEO, comments, "We are pleased to enlarge our position in Shiningtree as we believe, long term, this is a very prospective area and will continue to add to our land position there under suitable circumstances. We are familiar with the SRSR Niobium project in and around Nemegosenda Lake in Ontario and we are pleased that we now have a foothold in that rare metals play. Of course, JSHG's primary focus is on the C1 Gold properties in the historic Swayze Gold camp and we will have news on that project going forward in the near future."
Joshua Gold Resources Inc. (JSHG) is a publicly traded American gold exploration company headquartered in Canada, engaged in the exploration of highly prospective properties. Joshua Gold’s focus is to pinpoint mineral opportunities in Northern Ontario, Canada, a mature and friendly jurisdiction for exploration and mining companies. Northern Ontario is home to the three-billion-year old Canadian Shield which contains a wealth of minerals from nickel, gold, copper and cobalt to chromium. For more on JSHG go to http://www.joshuagoldresources.com/.
Safe Harbor Statement This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved.
IR Contact: Wall Street Media Group 1-833-906-0327 or info@Wallstreetmediagroup.com
$SGMD closes on #hydroponics #BZRTH #acquisition! $37M in sales added to bottom line!
Sugarmade Closes BZRTH Acquisition, Creating Dominant Entity in $24B Global Hydroponics Market
https://www.otcmarkets.com/stock/SGMD/news/Sugarmade-Closes-BZRTH-Acquisition-Creating-Dominant-Entity-in-24B-Global-Hydroponics-Market?id=244859
NEW YORK, Oct. 31, 2019 (GLOBE NEWSWIRE) -- via NetworkWire - Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade,” “SGMD,” or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is excited to announce the closing of the Company’s acquisition of BZRTH, LLC (“BZRTH”), a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. The Company expects the new combined entity to drive EBITDA profitability, net-positive cash flows, and top-line sales of $37 million on a forward basis.
“As of today, Sugarmade is one of the largest publicly traded hydroponics companies in the world,” remarked Jimmy Chan, CEO of Sugarmade. “The most important idea we want to convey to our committed shareholders right now is that this move was not a one-off deal. It’s part of a multi-step roll-up strategy designed to create the dominant force in this market as we look ahead to a world where hydroponics becomes the difference between success and failure for producers in the rapidly growing market for hemp and hemp-related crops in North America.”
Management notes that the integration of BZRTH implies the vertical integration of ecommerce through ZenHydro.com (and several additional hydroponics ecommerce sales portals) with a 55k sq. ft. fulfillment center and a market leading logistics platform. The Company also continues to negotiate with several other entities to continue to drive its aggressive M&A-based expansion strategy.
Mr. Chan continued, “We plan to continue to be very aggressive on the M&A side. This space is extremely ripe for disruption through consolidation of successful entities. And we have strong momentum right now to snowball this process by combining and coordinating undervalued assets into a single dominant market force that benefits from powerful overlapping growth in ecommerce, hemp, and hydroponics.”
According to recent research from Mordor Intelligence, the Global Hydroponics Market was valued at $24 billion in 2018 and is expected to register strong growth over coming years. Maximize Market Research also forecasts a coming boom in this market space, driving total annual sales from $26.6 billion in 2017 to $37.7 billion by 2026.
About Sugarmade, Inc.
Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator of industrial hemp, and operates Carryoutsupplies.com a leader provider to the quick service restaurant industry.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others. such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements.
Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
Corporate Contact:
Jimmy Chan
+1-(888)-982-1628
info@Sugarmade.com
Corporate Communications:
NetworkWire (NW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkWire.com
$SGMD nears $37M #hydroponics #acquisition completion: 8k and news
8k: https://www.otcmarkets.com/filing/html?id=13693036&guid=zdYSUed6hOOl_3h
news: https://www.otcmarkets.com/stock/SGMD/news/Sugarmade-Finalizes-Terms-of-Landmark-Deal-to-Acquire-Top-Hydroponics-eCommerce-Supplier-Scaling-to-37Million-Annualized?id=243886
$GDET
“This acquisition is just the beginning, along with our central e-commerce site at http://TheGreeneryCo.com, http://CBDHempBuzz.com will help to lay a foundation for the bigger partnership deals we have in the works.”
$SGMD huge updates ~ Sugarmade Finalizes Terms of Landmark deal scaling to $37m Annualized
https://www.otcmarkets.com/stock/SGMD/news/Sugarmade-Finalizes-Terms-of-Landmark-deal-scaling-to-$37m-Annualized-Forward-Sales?id=243809
Sugarmade Finalizes Terms of Landmark Deal to Acquire Top Hydroponics eCommerce Supplier, Scaling to $37Million Annualized Forward Sales
https://www.otcmarkets.com/stock/SGMD/news/Sugarmade-Finalizes-Terms-of-Landmark-Deal-to-Acquire-Top-Hydroponics-eCommerce-Supplier,-Scaling-to-$37Million-Annualized-Forward-Sales?id=243886
NEW YORK, Oct. 22, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is pleased to announce the finalization of terms between Sugarmade and BZRTH Inc. for a definitive agreement whereby Sugarmade will acquire BZRTH Inc. (“BZRTH”), a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. The Parties expect the acquisition to be finalized and closed by October 31, 2019.
The acquisition will position Sugarmade to book all revenues from both entities, creating a combined entity that, based on most-recent financial estimates, stands to produce $37 million in annual sales and positive cash flow and EBITDA, resulting in Sugarmade becoming one of the largest publicly traded companies in this fast growing sector.
“After months of negotiations, we now have robust terms set into place that represent enormous value for Sugarmade shareholders,” commented Jimmy Chan, CEO of Sugarmade. “This acquisition, in itself, will dramatically augment the Company’s top and bottom line numbers and massively expand our overall presence in the booming hydroponics and hemp ecommerce space. Further, it also represents the central piece of our overarching roll-up strategy to position Sugarmade as the dominant pick-and-shovel entity on the hydroponics side catering to producers in the explosive market for hemp and hemp-related crops in North America.”
Management notes the investment boom in the production of raw hemp and hemp-related crops has tightened margins for growers through a massive expansion in the sheer number of producers. This process is driving an associated boom in the market for goods and services that improve efficiency in producing these crops as producers compete for market share and return on invested capital. Sugarmade and other companies in the hydroponic supplies markets are perhaps the most natural beneficiaries of this dynamic due to the ability to maximize output relative to inputs – invested capital, time, energy, and resources.
According to multiple sources, the global market for hydroponic and hemp cultivation supplies will remain robust for many years. For example, Maximize Market Research, PVT. LTD. recently forecasted the worldwide market during 2017 at US$26.6 billion and forecasts the market to reach US$37.7 Billion by 2026. Sugarmade has dedicated itself to becoming the dominant supplier in North America for products that address this need.
To effect this strategy, the Company places paramount importance on dominating the ecommerce side of the hydroponics market. The BZRTH acquisition will accompany its existing Master Marketing Agreement with BizRight, LLC, the sister company to BZRTH, whereby the Company will be able to vertically integrate ecommerce through ZenHydro.com (and several additional hydroponics ecommerce sales portals) with a 55,000 sq. ft. fulfillment center and a market leading logistics platform, resulting in an entity operating in a leadership position as a hydroponics equipment provider to the soaring North American hemp and hemp-related cultivation marketplace.
Mr. Chan continued, “With this acquisition, we believe Sugarmade has entered into a “best of all worlds” situation. It is clear that the hydroponics market is growing fast, as is the hemp marketplace. Additionally, the ecommerce sector is booming. Sugarmade and BZRTH capture growth from all of these market sectors and combine these with what is already stellar growth coming from BZRTH. We are pleased to announce today that since inception, the operations we are acquiring have grown astonishingly over 40% compound annual growth rate. Of course, this compares very favorably to the ecommerce sector, which grew at 15% last year and the overall retail market, which grew at only 3.9%. We cannot think of a better market in which to continue our expansion.”
About Sugarmade, Inc.
Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. The Company also operates Carryoutsupplies.com, a leader provider to the quick service restaurant industry.
Corporate Contact:
Jimmy Chan
+1-(888)-982-1628
info@Sugarmade.com
Press & Media Inquiries:
EHC Branding Agency
Info@EHCBrandingAgency.Com
(626) MJ-BRAND
Corporate Communications:
NetworkWire (NW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkWire.com
GCAN, 35m float, no dilution, hold patents on a novel timed release oral melt strip (in mouth), and a timed release topical patch (on skin) they are licensing to others to use for CBD and THC dosing, alternative to vaping, going into production before year end.
One very large shareholder could wait no longer and is dumping ~4-6m shares last week and this week, driving share price into the basement. Again, no dilution, this has been and will continue to be confirmed daily by an energetic mod.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151849959
0.34 is the 52 week high. Today closed at .065
Watch the entire video, but start listening carefully at 3:30
https://www.msn.com/en-us/health/medical/gcanrx-offers-oral-patch-with-cannabinoid-as-vaping-related-illnesses-increase/vi-AAHJjCP
https://finance.yahoo.com/quote/GCAN?p=GCAN&.tsrc=fin-srch
More recent info -
http://www.globenewswire.com/news-release/2019/10/21/1932612/0/en/Former-Portugal-State-Secretary-of-Health-Joins-Greater-Cannabis-Company-s-European-Partner-Symtomax.html?ev=1
https://markets.businessinsider.com/news/stocks/the-greater-cannabis-company-expands-cbd-delivery-portfolio-with-newly-developed-transdermal-patch-1028599131
Additional info -
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150895434
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151754484
$SGMD 8k, PR out, chart waking up.. #hydroponics #acquisition #CBD #cannabis
https://finance.yahoo.com/news/sugarmade-finalizes-terms-landmark-deal-134505744.html
Sugarmade Finalizes Terms of Landmark Deal to Acquire Top Hydroponics eCommerce Supplier, Scaling to $37Million Annualized Forward Sales
https://www.stockscores.com/chart.asp?TickerSymbol=sgmd&TimeRange=180&Interval=d&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=&Band=&avgType1=&movAvg1=&avgType2=&movAvg2=&Indicator1=None&Indicator2=None&Indicator3=None&Indicator4=None&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen">https://www.stockscores.com/chart.asp?TickerSymbol=sgmd&TimeRange=180&Interval=d&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=&Band=&avgType1=&movAvg1=&avgType2=&movAvg2=&Indicator1=None&Indicator2=None&Indicator3=None&Indicator4=None&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen" />
Sugarmade, Inc. (SGMD) (“Sugarmade”, “SGMD”, or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is pleased to announce the finalization of terms between Sugarmade and BZRTH Inc. for a definitive agreement whereby Sugarmade will acquire BZRTH Inc. (“BZRTH”), a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. The Parties expect the acquisition to be finalized and closed by October 31, 2019.
The acquisition will position Sugarmade to book all revenues from both entities, creating a combined entity that, based on most-recent financial estimates, stands to produce $37 million in annual sales and positive cash flow and EBITDA, resulting in Sugarmade becoming one of the largest publicly traded companies in this fast growing sector.
“After months of negotiations, we now have robust terms set into place that represent enormous value for Sugarmade shareholders,” commented Jimmy Chan, CEO of Sugarmade. “This acquisition, in itself, will dramatically augment the Company’s top and bottom line numbers and massively expand our overall presence in the booming hydroponics and hemp ecommerce space. Further, it also represents the central piece of our overarching roll-up strategy to position Sugarmade as the dominant pick-and-shovel entity on the hydroponics side catering to producers in the explosive market for hemp and hemp-related crops in North America.”
Management notes the investment boom in the production of raw hemp and hemp-related crops has tightened margins for growers through a massive expansion in the sheer number of producers. This process is driving an associated boom in the market for goods and services that improve efficiency in producing these crops as producers compete for market share and return on invested capital. Sugarmade and other companies in the hydroponic supplies markets are perhaps the most natural beneficiaries of this dynamic due to the ability to maximize output relative to inputs – invested capital, time, energy, and resources.
According to multiple sources, the global market for hydroponic and hemp cultivation supplies will remain robust for many years. For example, Maximize Market Research, PVT. LTD. recently forecasted the worldwide market during 2017 at US$26.6 billion and forecasts the market to reach US$37.7 Billion by 2026. Sugarmade has dedicated itself to becoming the dominant supplier in North America for products that address this need.
To effect this strategy, the Company places paramount importance on dominating the ecommerce side of the hydroponics market. The BZRTH acquisition will accompany its existing Master Marketing Agreement with BizRight, LLC, the sister company to BZRTH, whereby the Company will be able to vertically integrate ecommerce through ZenHydro.com (and several additional hydroponics ecommerce sales portals) with a 55,000 sq. ft. fulfillment center and a market leading logistics platform, resulting in an entity operating in a leadership position as a hydroponics equipment provider to the soaring North American hemp and hemp-related cultivation marketplace.
Mr. Chan continued, “With this acquisition, we believe Sugarmade has entered into a “best of all worlds” situation. It is clear that the hydroponics market is growing fast, as is the hemp marketplace. Additionally, the ecommerce sector is booming. Sugarmade and BZRTH capture growth from all of these market sectors and combine these with what is already stellar growth coming from BZRTH. We are pleased to announce today that since inception, the operations we are acquiring have grown astonishingly over 40% compound annual growth rate. Of course, this compares very favorably to the ecommerce sector, which grew at 15% last year and the overall retail market, which grew at only 3.9%. We cannot think of a better market in which to continue our expansion.”
About Sugarmade, Inc.
Sugarmade, Inc. (SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. The Company also operates Carryoutsupplies.com, a leader provider to the quick service restaurant industry.
$SGMD turns the corner to profitability with #acquisition in next few days, 8k out: https://ih.advfn.com/stock-market/USOTC/sugarmade-inc-qb-SGMD/stock-news/80958369/current-report-filing-8-k
$SGMD 8-K ~ Acquisition of BZRTH a leading hydroponics supply company, based in Irwindale, California! >>
The Company intends to complete its acquisition of all of the issued and outstanding shares of stock of BZRTH. BZRTH is a leading hydroponics supply company, based in Irwindale, California. The Company and BZRTH are expected to execute the definitive agreement in the form of a Stock Exchange Agreement (“SEA”) on or before October 31, 2019. The Company was informed on October 15, 2019 and believes that the required and requested financial information from BZRTH has been completed and that the acquisition closing date will be on or before October 31, 2019.
During December of 2017, the Company entered into a master marketing agreement with BizRight, LLC, a leading marketer and manufacturer of hydroponic growth supplies, which offers a range of hydroponics-related products. BizRight operates the ZenHydro.com website and other e-commerce properties and sells various products to distributors and retailers. This relationship has allowed our Company to significantly expand our revenue growth prospects. We plan to continue to expand this business operation for the foreseeable future. As of the date hereof, our ability to recognize revenues from this agreement have been limited due to our limited abilities to raise the capital need for this transaction. The Master Marketing Agreement with BizRight was later assigned to BZRTH, Inc., a sister company of BizRight and a related party and affiliated entity with BizRight, assuming the same acquisition and other terms of the purchase option outlined in the original agreements. Under the agreements, the Company has already paid $870,000.00 cash and issued 200,000,000 shares to the sellers.
The Company and BZRTH are expected to execute the definitive agreement on or before October 31, 2019. The total additional consideration to be paid by the Company (with the credit for the prior payments) to acquire BZRTH is 450,000,000 shares of the Company’s common stock and 3,000,000 shares of Series B convertible preferred stock under the SEA; and Promissory notes in the sum of $7,130,000.00 due on or before October 31, 2021 to BZRTH shareholders.
http://archive.fast-edgar.com//20191021/AJ2WK22CN222M2Z2222G2W3ZMBBIZ2P272B2/
http://sugarmade.com/
$SGMD punches out huge 8k ahead of acquisition closing: https://ih.advfn.com/stock-market/USOTC/sugarmade-inc-qb-SGMD/stock-news/80958369/current-report-filing-8-k
$SGMD 8K filed, acquisition nears completion: https://ih.advfn.com/stock-market/USOTC/sugarmade-inc-qb-SGMD/stock-news/80958369/current-report-filing-8-k
EPAZ Forbes reports that a number of retail chains, including Starbucks & Whole Foods, have started accepting cryptocurrency payments: http://www.zenapay.com
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