QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) CEO Issues Shareholder Letter Following Landmark Deal in $24B Hydroponics Space
Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today issued a letter to its shareholders from its CEO Jimmy Chan. In the letter, Chan discusses completion of the company’s landmark deal to acquire BZRTH Inc., which is expected to position Sugarmade as one of the largest publicly traded companies in the overall hydroponics space and drive EBITDA profitability, net-positive cash flows and top-line sales of $37 million on a forward basis. “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…