NetworkNewsBreaks – Sugarmade Inc. (SGMD) Prepar
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Posted On: 08/13/2019 4:29:54 PM
NetworkNewsBreaks – 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 legislative agenda continue to show strong promise. We have aggressive expansion plans and both the first closing of BZRTH and the beginning of hemp cultivation operations in conjunction with Kentucky-based Hempistry, Inc. are major milestones for our company,” Sugarmade CEO Jimmy Chan stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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 legislative agenda continue to show strong promise. We have aggressive expansion plans and both the first closing of BZRTH and the beginning of hemp cultivation operations in conjunction with Kentucky-based Hempistry, Inc. are major milestones for our company,” Sugarmade CEO Jimmy Chan stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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