Hydroponics supply company Sugarmade (OTCQB: SGMD) is
anticipating a surge in top line revenue growth following the acquisition of
two hydroponic cultivation companies. An article further discussing the company
reads, “The company’s formal acquisition proposals target a profitable and
cash-flow positive Southern California-based major supplier of hydroponic
cultivation supplies to the wholesale sector and to large commercial
cultivators. Under the terms of the proposal, Sugarmade would acquire the
organization, which is producing in excess of $40 million of revenue per year,
for a combination of cash and Sugarmade common stock. The second target is a
Washington state-based retailer, which is also profitable and cash flow
positive, producing approximately $5 million of revenue per year. Under the
terms of the proposal, Sugarmade would issue common stock to acquire the
retailer.”
To view the full article, visit http://ibn.fm/RYNh7
About Sugarmade, Inc.
Sugarmade, Inc. is a product and brand marketing company
investing in products and brands with disruptive potential. Sugarmade’s brands
include ZenHydro.com, CarryOutSupplies.com,
and BudLife Cannabis Storage Solutions. For more information on the company’s
products, please visit www.Sugarmade.com.
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