NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Acqui
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Posted On: 10/31/2019 4:06:10 PM
NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Acquires BZRTH, LLC as Part of Roll-Up Strategy to Create Dominant Force in $24B Global Hydroponics Market
Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today announced the closing of its acquisition of BZRTH, LLC, a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. Sugarmade expects that the new combined entity will drive EBITDA profitability, net-positive cash flows, and top-line sales of $37 million on a forward basis. “As of today, Sugarmade is one of the largest publicly traded hydroponics companies in the world,” SGMD CEO Jimmy Chan said in the news release. “The most important idea we want to convey to our committed shareholders right now is that this move was not a one-off deal. It’s part of a multi-step roll-up strategy designed to create the dominant force in this market as we look ahead to a world where hydroponics becomes the difference between success and failure for producers in the rapidly growing market for hemp and hemp-related crops in North America.”
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), a major supplier to the hydroponic cultivation and hemp sectors, today announced the closing of its acquisition of BZRTH, LLC, a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. Sugarmade expects that the new combined entity will drive EBITDA profitability, net-positive cash flows, and top-line sales of $37 million on a forward basis. “As of today, Sugarmade is one of the largest publicly traded hydroponics companies in the world,” SGMD CEO Jimmy Chan said in the news release. “The most important idea we want to convey to our committed shareholders right now is that this move was not a one-off deal. It’s part of a multi-step roll-up strategy designed to create the dominant force in this market as we look ahead to a world where hydroponics becomes the difference between success and failure for producers in the rapidly growing market for hemp and hemp-related crops in North America.”
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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