$SGMD The acquisition will position Sugarmade to b
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Posted On: 10/22/2019 10:41:35 AM
$SGMD The acquisition will position Sugarmade to book all revenues from both entities, creating a combined entity that, based on most-recent financial estimates, stands to produce $37 million in annual sales and positive cash flow and EBITDA, resulting in Sugarmade becoming one of the largest publicly traded companies in this fast growing sector.
“After months of negotiations, we now have robust terms set into place that represent enormous value for Sugarmade shareholders,” commented Jimmy Chan, CEO of Sugarmade. “This acquisition, in itself, will dramatically augment the Company’s top and bottom line numbers and massively expand our overall presence in the booming hydroponics and hemp ecommerce space. Further, it also represents the central piece of our overarching roll-up strategy to position Sugarmade as the dominant pick-and-shovel entity on the hydroponics side catering to producers in the explosive market for hemp and hemp-related crops in North America.”
https://seekingalpha.com/pr/17670418-sugarmad...er-scaling
“After months of negotiations, we now have robust terms set into place that represent enormous value for Sugarmade shareholders,” commented Jimmy Chan, CEO of Sugarmade. “This acquisition, in itself, will dramatically augment the Company’s top and bottom line numbers and massively expand our overall presence in the booming hydroponics and hemp ecommerce space. Further, it also represents the central piece of our overarching roll-up strategy to position Sugarmade as the dominant pick-and-shovel entity on the hydroponics side catering to producers in the explosive market for hemp and hemp-related crops in North America.”
https://seekingalpha.com/pr/17670418-sugarmad...er-scaling
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