$SGMD huge updates and 8-K out this week >> S
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Posted On: 10/24/2019 3:19:43 PM
$SGMD huge updates and 8-K out this week >>
Sugarmade Finalizes Terms of Landmark Deal to Acquire Top Hydroponics eCommerce Supplier, Scaling to $37Million Annualized Forward Sales
https://www.otcmarkets.com/stock/SGMD/news/Su...?id=243886
Sugarmade Achieves “Penny Stock Exempt” Status Removing Penny Stock Broker Limitations
https://www.otcmarkets.com/stock/SGMD/news/Su...?id=243974
Specifically, according to OTCmarkets.com, Penny Stock Exempt status means that SGMD stock is now exempt from the limitations that accompany any security defined as a “Penny Stock” according to the SEC under Rule 240.3a51-1 because it meets one of the following tests: 1) A price of over $5 per share, 2) the issuer has Average Revenue of at least $6 million for the last 3 years, or 3) the issuer has Net Tangible Assets in excess of $2 million if the issuer has been in continuous operations for at least 3 years or $5 million if less than 3 years.
8-K out announcing the acquisition of BZRTH, a leading hydroponics supply company based in California, by October 31st
http://archive.fast-edgar.com//20191021/AJ2WK...IZ2P272B2/
Sugarmade Finalizes Terms of Landmark Deal to Acquire Top Hydroponics eCommerce Supplier, Scaling to $37Million Annualized Forward Sales
https://www.otcmarkets.com/stock/SGMD/news/Su...?id=243886
Sugarmade Achieves “Penny Stock Exempt” Status Removing Penny Stock Broker Limitations
https://www.otcmarkets.com/stock/SGMD/news/Su...?id=243974
Specifically, according to OTCmarkets.com, Penny Stock Exempt status means that SGMD stock is now exempt from the limitations that accompany any security defined as a “Penny Stock” according to the SEC under Rule 240.3a51-1 because it meets one of the following tests: 1) A price of over $5 per share, 2) the issuer has Average Revenue of at least $6 million for the last 3 years, or 3) the issuer has Net Tangible Assets in excess of $2 million if the issuer has been in continuous operations for at least 3 years or $5 million if less than 3 years.
8-K out announcing the acquisition of BZRTH, a leading hydroponics supply company based in California, by October 31st
http://archive.fast-edgar.com//20191021/AJ2WK...IZ2P272B2/
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