QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Investing in Products, Brands with Substantial Revenue Potential
Sugarmade (OTCQB: SGMD) is a Monrovia, California-based company that invests in products and brands with disruptive potential, driving growth through brand expansion and acquisition. A recent article discussing the company reads, “Sugarmade has now announced the signing of a binding definitive agreement to acquire Sky Unlimited, LLC (http://ibn.fm/4Fh1z). The company states that it expects this acquisition to be highly accretive to common shareholder value. It has increased its calendar 2019 revenue guidance from $30 million to $70 million. With this definitive agreement, Sugarmade will assume all operations, brand assets, customers and liabilities of Sky Unlimited. In addition, it will retain…