Friday, October 26, 2018

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Strengthening its Foothold in the Cannabis Industry through Marketing Agreements and Acquisitions


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.comCarryOutSupplies.com, and BudLife Cannabis Storage Solutions. For more information on the company’s products, please visit www.Sugarmade.com.

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

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