$SGMD To effect this strategy, the Company places
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Posted On: 10/22/2019 12:49:50 PM
$SGMD To effect this strategy, the Company places paramount importance on dominating the ecommerce side of the hydroponics market. The BZRTH acquisition will accompany its existing Master Marketing Agreement with BizRight, LLC, the sister company to BZRTH, whereby the Company will be able to vertically integrate ecommerce through ZenHydro.com (and several additional hydroponics ecommerce sales portals) with a 55,000 sq. ft. fulfillment center and a market leading logistics platform, resulting in an entity operating in a leadership position as a hydroponics equipment provider to the soaring North American hemp and hemp-related cultivation marketplace.
Mr. Chan continued, “With this acquisition, we believe Sugarmade has entered into a “best of all worlds” situation. It is clear that the hydroponics market is growing fast, as is the hemp marketplace. Additionally, the ecommerce sector is booming. Sugarmade and BZRTH capture growth from all of these market sectors and combine these with what is already stellar growth coming from BZRTH. We are pleased to announce today that since inception, the operations we are acquiring have grown astonishingly over 40% compound annual growth rate. Of course, this compares very favorably to the ecommerce sector, which grew at 15% last year and the overall retail market, which grew at only 3.9%. We cannot think of a better market in which to continue our expansion.”
https://www.otcmarkets.com/stock/SGMD/news/Su...?id=243886
Mr. Chan continued, “With this acquisition, we believe Sugarmade has entered into a “best of all worlds” situation. It is clear that the hydroponics market is growing fast, as is the hemp marketplace. Additionally, the ecommerce sector is booming. Sugarmade and BZRTH capture growth from all of these market sectors and combine these with what is already stellar growth coming from BZRTH. We are pleased to announce today that since inception, the operations we are acquiring have grown astonishingly over 40% compound annual growth rate. Of course, this compares very favorably to the ecommerce sector, which grew at 15% last year and the overall retail market, which grew at only 3.9%. We cannot think of a better market in which to continue our expansion.”
https://www.otcmarkets.com/stock/SGMD/news/Su...?id=243886
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