Sugarmade Inc. SGMD Archives - Page 18 of 20

ThursdayNov 08, 2018 11:20 am

Sugarmade, Inc. (SGMD) Signs $40 Million Definitive Agreement to Acquire Sky Unlimited

Sugarmade invests in products and brands with considerable revenue potential The company is moving ahead into the industrial hemp space Sugarmade recently announced the signing of a binding Definitive Agreement to acquire Sky Unlimited, LLC Sugarmade, Inc. (OTCQB: SGMD) is a product and brand marketing company based in Monrovia, California. It invests in products and brands with disruptive potential and focuses on growth via brand expansion and acquisition. The company has diverse business operations in varied marketplaces. These include packaging and paper goods for different industries, as well as agricultural supplies. The company’s brands include ZenHydro.com, CarryOutSupplies.com, BudLife, Cannabis Storage…

WednesdayNov 07, 2018 11:51 am

Sugarmade, Inc. (SGMD) Invests in Hempistry to Reinforce Its CBD Market Position

Sugarmade invests $1 million in Hempistry through common stock to boost ultra-high CBD hemp growing The U.S. industrial hemp market is projected to hit $1 billion in revenue in 2018 Legislative process underway to legalize commercial production of industrial hemp by removing it from the Controlled Substances Act Sugarmade, Inc. (OTCQB: SGMD) is a product and brand marketing company that targets brands with disruptive potential and invests in them. Currently, the company has made a commitment to invest in Hempistry Inc. to the tune of $1 million. This investment will boost Hempistry’s efforts to produce ultra-high CBD-content hemp that is…

TuesdayNov 06, 2018 10:48 am

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) to Reap the Rewards of Explosive Growth in the CBD Market

Hydroponics supply company Sugarmade (OTCQB: SGMD) is expanding in the rapidly growing cannabis industry through acquisitions, including a direct investment in hemp production. A recent article discussing the company reads, “Sugarmade is also positioned to benefit through a more direct investment in the cultivation of hemp for production of cannabidiol, or CBD, a compound with therapeutic benefits. Sugarmade recently committed a million-dollar investment in Hempistry, Inc., which is cultivating an ultra-high-CBD strain of hemp on 23,000 acres in Kentucky. The Hemp Business Journal has forecast that the U.S. market for hemp products will reach $1.9 billion by 2022, with $646…

ThursdayNov 01, 2018 11:49 am

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Inks $40M Definitive Agreement for Strategic Acquisition of Sky Unlimited, LLC

Hydroponics supply company Sugarmade (OTCQB: SGMD) this morning announced its signing of a binding definitive agreement to acquire Sky Unlimited, LLC, which offers a variety of popular hydroponic brands to several growing agricultural cultivation sectors through its AthenaUnited.com operations and website. Sugarmade expects the acquisition to be highly accretive to common shareholder value and is raising its calendar 2019 revenue guidance from $30 million to $70 million. In accordance with the agreement, Sugarmade will assume all Sky Unlimited operations, brand assets, customers and liabilities, and will retain all employees. Sugarmade will issue Sky Unlimited owners ten million non-refundable shares of…

TuesdayOct 30, 2018 2:54 pm

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) to Grow Alongside Rapidly Expanding Cannabis Market Forecasted to Reach $47B by 2027

Hydroponics supply company Sugarmade (OTCQB: SGMD) is in a great position for growth through its various endeavors in the diverse cannabis industry, which is forecasted to reach $47 billion within the next 10 years. An article further discussing the company reads, “The company is one of the largest publicly traded hydroponics supply companies, with brands that include Zen Hydro, Carry Out Supplies, BudLife Cannabis Storage Solutions and Cali Grown Supplies. With a finger in so many pies, Sugarmade is poised for growth as the cannabis industry continues its exponential expansion. Spending on legal cannabis is projected to quadruple to over…

TuesdayOct 30, 2018 10:14 am

Sugarmade, Inc. (SGMD) Growing through Acquisition and Brand Expansion as Supplier to the Cannabis Cultivation Market

Sugarmade has agreed to acquire Sky Unlimited, LLC, a hydroponic cultivation supplier SGMD has a second formal acquisition proposal in place The company has directly invested in hemp production to benefit from explosive growth in the market for CBD products Sugarmade is also targeting the European hydroponics market California-based hydroponics company Sugarmade, Inc. (OTCQB: SGMD) is growing in the rapidly expanding cannabis industry through acquisition and expansion as an equipment supplier to cultivators. Sugarmade recently announced that it had agreed to acquire Sky Unlimited, LLC, dba Athena United, a major wholesale supplier of hydroponic cultivation supplies. The deal is expected…

FridayOct 26, 2018 1:25 pm

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Strengthening its Foothold in the Cannabis Industry through Marketing Agreements and Acquisitions

Hydroponics supply company Sugarmade (OTCQB: SGMD) is anticipating a surge in top line revenue growth following the acquisition of two hydroponic cultivation companies. An article further discussing the company reads, “The company’s formal acquisition proposals target a profitable and cash-flow positive Southern California-based major supplier of hydroponic cultivation supplies to the wholesale sector and to large commercial cultivators. Under the terms of the proposal, Sugarmade would acquire the organization, which is producing in excess of $40 million of revenue per year, for a combination of cash and Sugarmade common stock. The second target is a Washington state-based retailer, which is…

ThursdayOct 18, 2018 11:21 am

Sugarmade, Inc. (SGMD) Set to Grow with Cannabis Industry

Cannabis industry set to quadruple to $47 billion over next 10 years Sugarmade strategy centers on supplying “picks” and “shovels” to growers Focused on the supply of hydroponic cultivation systems Getting cannabis to market involves many stages. Before you can sell it, you have to grow it and perform myriad operations to ensure that’s done right. So, if you’re growing cannabis, it may be a good idea to turn to Sugarmade, Inc. (OTCQB: SGMD). The company is one of the largest publicly traded hydroponics supply companies, with brands that include Zen Hydro, Carry Out Supplies, BudLife Cannabis Storage Solutions and Cali Grown Supplies.…

WednesdayOct 17, 2018 11:21 am

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Inks LOI to Acquire Sky Unlimited; Increases FY2019 Revenues Guidance to $70M

Hydroponics supply company Sugarmade (OTCQB: SGMD) this morning reported that it has signed a binding Letter of Intent ("LOI") to acquire Sky Unlimited, LLC, dba Athena United. Sky Unlimited is a supplier of cannabis cultivation materials to wholesalers and commercial cannabis cultivators. The company anticipates that this acquisition will drive earnings and shareholder value, so it is revising its guidance for full-year 2019 revenues to more than $70 million. Per the terms of the LOI, 10 million common shares of Sugarmade, which will immediately vest as a non-refundable fee, will be issued to the owners of Sky Unlimited. In return…

TuesdayOct 16, 2018 11:38 am

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Cultivating Opportunity with Ultra-High Grade CBD Hemp Amidst Higher Demand

Hydroponics supply company Sugarmade (OTCQB: SGMD) is cultivating opportunity in producing ultra-high grade cannabidiol hemp ahead of increased demand. A recent article includes CEO Jimmy Chan’s comments on key opportunity and timing, stating, “We are especially excited about the particular strain of hemp that was planted, which is expected to yield up to 14 percent CBD. Such a strain of product is in significant demand and it is expected that the entire crop will be sold prior to harvest. Our timing on our investment could not have been better considering the pending Farm and Hemp Bills and demand situation, which…

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