Sugarmade Inc. SGMD Archives - Page 13 of 20

MondayNov 04, 2019 11:34 am

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…

ThursdayOct 31, 2019 10:01 am

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Acquires BZRTH Inc. as Part of Roll-Up Strategy to Create Dominant Force in $24B Global Hydroponics Market

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today announced the closing of its acquisition of BZRTH Inc., a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. Sugarmade expects that the new combined entity will 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,” SGMD CEO Jimmy Chan said in the news release. “The most important idea we want to convey to our committed shareholders right now is that this…

WednesdayOct 23, 2019 10:27 am

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Achieves Exempt Status Removing Penny Stock Limitations

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today announced that its stock has been awarded “Penny Stock Exempt” status on OTCmarkets.com in accordance with rules defined by the Securities and Exchange Commission (“SEC”). According to OTCmarkets.com, the status means that SGMD stock is now exempt from the limitations that accompany any security defined as a “Penny Stock” according to the SEC under Rule 240.3a51-1 because it meets one of the following: 1) A price of over $5 per share, 2) issuer has at least $6 million in average revenue for the last three years,…

TuesdayOct 22, 2019 11:35 am

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Finalizes Terms of Landmark Deal to Acquire Top Hydroponics eCommerce Supplier BZRTH Inc.

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today announced the finalization of terms for a definitive agreement between Sugarmade and BZRTH Inc. Under the agreement, Sugarmade will acquire BZRTH Inc. (“BZRTH”), a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. The parties expect finalization and closing of the acquisition by October 31, 2019. “After months of negotiations, we now have robust terms set into place that represent enormous value for Sugarmade shareholders,” Sugarmade CEO Jimmy Chan said in the news release. “This acquisition, in itself, will dramatically augment the Company’s top and…

TuesdaySep 10, 2019 12:27 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Launches Advanced iPower Cultivation Equipment on Amazon.com

Sugarmade (OTCQB: SGMD), a leading supplier of hydroponics and cultivation equipment and resources, this morning announced its new line of "iPower" branded inline duct ventilation fans. The advanced equipment for indoor and hydroponic cultivators is designed for durability, high-performance and affordability is now available for immediate purchase on the company's website at ZenHydro.com and on Amazon.com. "Indoor and greenhouse cultivation is becoming increasingly sophisticated, helping both hobbyists and commercial cultivators maximize output regardless of seasonality or weather conditions,” Jimmy Chan, CEO of Sugarmade, said in the news release. "This sophistication, along with expanding mainstream interest in products derived from hemp…

FridaySep 06, 2019 2:47 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Ideally Positioned to Benefit During U.S.-China Tariff Trade War

Sugarmade (OTCQB: SGMD), one of the largest publicly traded hydroponics supply companies moving into the industrial hemp space, currently holds a strong position as American farmers pursue refuge from the low prices and decreased sales created by the ongoing U.S.-China trade war. An article discussing the company reads, “In the wake of the trade war between the United States and China, hemp has become a refuge for American farmers suffering from the resulting lower prices and sinking sales, as detailed in a recent CannabisNewsWire article (http://ibn.fm/BhGYA). The uncertain trade relationship between the two countries has created an especially strong market…

TuesdaySep 03, 2019 12:48 pm

Sugarmade Inc. (SGMD) Benefits as Farmers are Attracted to the Booming Hemp Market

SGMD is ideally positioned as American farmers seek refuge from the low prices and reduced sales created by the ongoing U.S.-China trade war A recent USDA survey reported an almost 400 percent increase in hemp acreage in 2019 The hemp industry generated more than $1 billion in revenues in 2018, and it is projected to grow to $1.9 billion by 2022 Sugarmade Inc. (OTCQB: SGMD), a supplier of hydroponic and cultivation equipment to growers in the booming industrial hemp sector, is well-positioned to fulfill the needs of farmers who are choosing to cultivate hemp. A thriving hemp market offers farmers…

WednesdayAug 28, 2019 3:07 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Tackles Hemp Cultivation in Kentucky via Hempistry Investment

Sugarmade (OTCQB: SGMD), one of the largest publicly traded hydroponics supply companies moving into the industrial hemp space, has started hemp cultivation in Madison County, Kentucky, by exercising its investment option in Hempistry Inc. An article discussing the company reads, “Sugarmade CEO Jimmy Chan said in a news release (http://ibn.fm/6lk06) that SGMD has ‘multiple options for growth, while (its) recently effective S-1 filing expands (Sugarmade’s) ability to finance the many initiatives in front of the company.’ SGMD is exploring the next generation of hemp-processing technology. The intersection of rising demand and the legal relief provided by the passage of the…

WednesdayAug 21, 2019 1:15 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Aims to Capitalize on Kentucky’s Surging Hemp Industry

Sugarmade (OTCQB: SGMD), one of the largest publicly traded hydroponics supply companies moving into the industrial hemp space, recently announced an initial investment in Hempistry Inc. An article discussing the company reads, “In 2014, Kentucky had 20 approved hemp growers across 33 acres in a trial run. By 2018, those numbers had increased to 210 growers and 6,700 cultivated acres. This sustained rapid expansion has been aided considerably by the passage of the 2018 Farm Bill; recent numbers indicate that 60,000 acres throughout the state are now devoted to hemp production, with nearly a thousand jobs created. Political support has…

TuesdayAug 13, 2019 1:34 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Prepares First Closing of BZRTH Acquisition; CEO to Call Special Shareholder Meeting

Sugarmade (OTCQB: SGMD), one of the largest publicly traded hydroponics supply companies moving into the industrial hemp space, today announced that it is now prepared to complete the first closing of its BZRTH, LLC acquisition. As a major supplier to the hydroponic and hemp cultivation sectors, BZRTH produces more than $30 million in annual revenues. In addition, the company is in the process of organizing a special meeting of shareholders to elect new directors, including at least two independent directors with no “material relationship” to the company. “It is an exciting time for Sugarmade, especially as the California licensing and…

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