NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Annou
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Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today provided a strategic update as it advances plans to uplist to a major U.S. exchange while moving toward another targeted acquisition. According to the update, Sugarmade management expects the company to be on track to reach in excess of $65 million in annualized revenues based on its strategy. “We have an ambitious plan to create a viable path toward another major acquisition while extending our stepwise climb onto a major U.S. exchange listing as we continue to expand operations in a rapidly growing market,” Sugarmade CEO Jimmy Chan said in the news release. “The key steps that will facilitate this evolutionary process are a 14C filing and leveraging our superior market positioning in current and forthcoming negotiations, both of which are readily accessible and attainable ideas.”
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