Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today announced preliminary calendar year-to-date revenue performance of $26 million and strengthening gross margins. Per the update, the company expects its recently-acquired hydroponics supply operation to produce approximately $32 million for the calendar year and believes it is well positioned moving into … Continue reading “NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Announces Strong Preliminary Calendar 2019 Performance that Exceeds Internal Forecasts”
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 … Continue reading “NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Announces Ambitious Strategy as it Advances Plans to Uplist to Major US Exchange”
Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today released full financial performance data for its recent acquisition of BZRTH, a leading hydroponics ecommerce supplier. Per the update, data for the six months ended June 30, 2019, reveal net profitability on sales exceeding $15 million, which represents 25% revenue growth … Continue reading “NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Releases H1 2019 Data for Recent BZRTH Acquisition Revealing Over $15M Sales, 25% Sequential Revenue Growth”
Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today issued a letter to its shareholders from its CEO Jimmy Chan. In the letter, Chan discusses completion of the company’s landmark deal to acquire BZRTH Inc., which is expected to position Sugarmade as one of the largest publicly traded companies in … Continue reading “NetworkNewsBreaks – Sugarmade, Inc. (SGMD) CEO Issues Shareholder Letter Following Landmark Deal in $24B Hydroponics Space”
Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today announced the closing of its acquisition of BZRTH Inc., 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 … Continue reading “NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Acquires BZRTH Inc. 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 that its stock has been awarded “Penny Stock Exempt” status on OTCmarkets.com in accordance with rules defined by the Securities and Exchange Commission (“SEC”). According to OTCmarkets.com, the status means that SGMD stock is now exempt from the limitations that … Continue reading “NetworkNewsBreaks – Sugarmade Inc. (SGMD) Achieves Exempt Status Removing Penny Stock Limitations”
Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today announced the finalization of terms for a definitive agreement between Sugarmade and BZRTH Inc. Under the agreement, Sugarmade will acquire BZRTH Inc. (“BZRTH”), a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. The parties expect finalization and closing of … Continue reading “NetworkNewsBreaks – Sugarmade Inc. (SGMD) Finalizes Terms of Landmark Deal to Acquire Top Hydroponics eCommerce Supplier BZRTH Inc.”
Sugarmade (OTCQB: SGMD), a leading supplier of hydroponics and cultivation equipment and resources, this morning announced its new line of “iPower” branded inline duct ventilation fans. The advanced equipment for indoor and hydroponic cultivators is designed for durability, high-performance and affordability is now available for immediate purchase on the company’s website at ZenHydro.com and on … Continue reading “NetworkNewsBreaks – Sugarmade Inc. (SGMD) Launches Advanced iPower Cultivation Equipment on Amazon.com”
Sugarmade (OTCQB: SGMD), one of the largest publicly traded hydroponics supply companies moving into the industrial hemp space, currently holds a strong position as American farmers pursue refuge from the low prices and decreased sales created by the ongoing U.S.-China trade war. An article discussing the company reads, “In the wake of the trade war … Continue reading “NetworkNewsBreaks – Sugarmade Inc. (SGMD) Ideally Positioned to Benefit During U.S.-China Tariff Trade War”
SGMD is ideally positioned as American farmers seek refuge from the low prices and reduced sales created by the ongoing U.S.-China trade war A recent USDA survey reported an almost 400 percent increase in hemp acreage in 2019 The hemp industry generated more than $1 billion in revenues in 2018, and it is projected to … Continue reading “Sugarmade Inc. (SGMD) Benefits as Farmers are Attracted to the Booming Hemp Market”
