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Posted On: 01/23/2019 11:30:50 AM
Post# of 103915
$SGMD MONROVIA, California, January 23, 2019 /PRNewswire/ --
Sugarmade, Inc. (SGMD), a major supplier to the growing hydroponic cultivation sector, today announces its intent to acquire a retail location of Washington State-based Hydro4Less. The operation is expected to produce approximately $5 million in revenues and to be profitable during calendar 2019. Additionally, via the pending transaction, Sugarmade will gain an option to purchase two additional Hydro4Less retail operations, which are currently producing in excess of $20 million annually. Should all three acquisitions close, Sugarmade will increase its annual revenues by approximately $25 million per year.
(Logo: https://mma.prnewswire.com/media/812331/Sugarmade_Logo.jpg )
https://www.barchart.com/story/stocks/quotes/...quisitions
Sugarmade, Inc. (SGMD), a major supplier to the growing hydroponic cultivation sector, today announces its intent to acquire a retail location of Washington State-based Hydro4Less. The operation is expected to produce approximately $5 million in revenues and to be profitable during calendar 2019. Additionally, via the pending transaction, Sugarmade will gain an option to purchase two additional Hydro4Less retail operations, which are currently producing in excess of $20 million annually. Should all three acquisitions close, Sugarmade will increase its annual revenues by approximately $25 million per year.
(Logo: https://mma.prnewswire.com/media/812331/Sugarmade_Logo.jpg )
https://www.barchart.com/story/stocks/quotes/...quisitions
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