NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Inves
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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://nnw.fm/R4uVG). 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 all employees.”
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