SGMD - Sugarmade, Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.1275
-0.0053 (-3.99%)
At close: 3:59PM EDT
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Previous Close0.1328
Open0.1235
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.1190 - 0.1330
52 Week Range0.0300 - 0.4300
Volume1,818,413
Avg. Volume2,250,407
Market Cap36.024M
Beta (3Y Monthly)0.32
PE Ratio (TTM)N/A
EPS (TTM)-0.0130
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Newsfile18 hours ago

    CannabisNewsAudio Announces Audio Press Release (APR) on Sugarmade, Inc. Cultivating Opportunity in Cannabis, CBD Space Through Innovation, Hydroponics

    New York, New York--(Newsfile Corp. - October 19, 2018) - CannabisNewsAudio announces the Audio Press Release (APR) titled "Hemp and CBD Set to Eclipse the THC Marijuana Market," featuring Sugarmade, Inc. (OTC: SGMD).To hear the CannabisNewsAudio version, visit: http://cnw.fm/7C9g3To read the full editorial, visit: http://cnw.fm/wS6QqThe success of companies such as Sugarmade that are working in the CBD space comes in large part through innovation. These companies recognize the need to research, offer, and implement ...

  • GlobeNewswire19 hours ago

    CannabisNewsAudio Announces Audio Press Release (APR) on Sugarmade, Inc. Reinforcing Position in CBD Market Through Direct Investment

    NEW YORK, Oct. 19, 2018 -- via CannabisNewsWire – CannabisNewsAudio announces the Audio Press Release (APR) titled “Hemp and CBD Set to Eclipse the THC Marijuana Market,”.

  • GlobeNewswire2 days ago

    CannabisNewsWire Announces Hemp and CBD Occupying Increasingly Large Share of Cannabis Market

    NEW YORK, Oct. 18, 2018 (GLOBE NEWSWIRE) -- via CannabisNewsWire – CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Sugarmade, Inc. (SGMD), a client of CNW focused on investing in products and brands with disruptive potential. Clearly, The legalization of hemp and CBD on the federal level will only benefit companies such as Sugarmade. Making hemp legal will allow a wide variety of support systems to evolve.

  • PR Newswire3 days ago

    Sugarmade Signs LOI to Acquire Major Hydroponic Supplier, Raises FY2019 Sales Outlook to $70M

    Sugarmade, Inc. (OTCQB: SGMD), one of the largest publicly traded hydroponics supply companies, today announces the signing of a binding Letter of Intent ("LOI") to acquire Sky Unlimited, LLC, dba Athena United (www.AthenaUnited.com), a California-based supplier of cannabis cultivation materials to wholesalers and large commercial cannabis cultivators. Sugarmade expects this acquisition to be highly accretive to earnings and shareholder value and thus is revising its guidance for full-year 2019 revenues to more than $70 million. Sugarmade's revenue within the cannabis cultivation supply sector is primarily derived from online sales, whereas Sky Unlimited's revenues are mainly generated via direct sales to wholesalers and large commercial cultivation companies. Management believes that combining its focus on e-commerce with Sky Unlimited's larger commercial operator-focused business will result in strong marketing, manufacturing and logistical synergies, as well as improved margins and other corporate benefits.

  • GlobeNewswire8 days ago

    CannabisNewsWire Announces Wave of Acquisitions Sweeping Cannabis Sector as Big Business Eyes Widening Legalization

    NEW YORK, Oct. 12, 2018 -- via CannabisNewsWire – CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company, today announces the publication of an.

  • Newsfile15 days ago

    CannabisNewsAudio Announces Audio Press Release (APR) on Sugarmade, Inc.'s Growth Fueled by Growing Need for Hydroponic Supplies in Cannabis Cultivation

    New York, New York--(Newsfile Corp. - October 5, 2018) - CannabisNewsAudio announces the Audio Press Release (APR) titled "Growing Cannabis Sector Sees Surge in Acquisitions," featuring Sugarmade, Inc. (OTCQB: SGMD).To hear the CannabisNewsAudio version, visit: http://cnw.fm/bInh5To read the full editorial, visit: http://cnw.fm/QG4t3Based in California, Sugarmade has immediate access to one of the world's largest legal cannabis markets and is making the most of that. One of the largest publicly traded hydroponic supply companies, ...

  • GlobeNewswire15 days ago

    CannabisNewsAudio Announces Audio Press Release (APR) on Sugarmade, Inc. Cultivating Opportunity Through Controlled Production, International Expansion

    NEW YORK, Oct. 05, 2018 -- via CannabisNewsWire – CannabisNewsAudio announces the Audio Press Release (APR) titled “Growing Cannabis Sector Sees Surge in Acquisitions,”.

  • GlobeNewswire16 days ago

    CannabisNewsWire Announces Burgeoning Cannabis Sector Growth Driving Surge in Acquisitions

    NEW YORK, Oct. 04, 2018 (GLOBE NEWSWIRE) -- via CannabisNewsWire – CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Sugarmade, Inc. (SGMD), a client of CNW focused on investment in products and brands with disruptive potential. The company is expanding its presence within the North American cannabis market by investing in industrial hemp and cannabidiol (CBD). Industrial hemp, a form of cannabis without the high, can be used for a wide range of purposes and looks set to be widely grown in the United States following the passage of the 2018 Farm Bill.

  • PR Newswire18 days ago

    Sugarmade Targets $45 Million Revenue Stream for Highly Accretive Acquisitions in Cannabis Supply Sector

    Sugarmade, Inc. (SGMD), one of the largest publicly traded hydroponics supply companies, today announces it has issued formal proposals to acquire two hydroponic cultivation supply companies within the fast growing cannabis sector. Sugarmade recently reiterated its 2019 revenue guidance of $30 million representing growth of over 700%, but should these acquisition efforts be successful, the Company would immediately boost its revenue guidance to $75 million for next year, representing one of the fastest revenue growth rates in the cannabis industry.

  • Newsfile23 days ago

    CannabisNewsAudio Announces Audio Press Release (APR) on Sugarmade, Inc. Exploiting "Picks and Shovels" Approach to Budding Cannabis Sector

    New York, New York--(Newsfile Corp. - September 27, 2018) - CannabisNewsAudio announces the Audio Press Release (APR) titled "Hydroponic Hardware Key to Tapping Long-Term Profits of Burgeoning Cannabis Market," featuring Sugarmade, Inc. (OTC Pink: SGMD).To hear the CannabisNewsAudio version, visit: http://cnw.fm/gStR5To read the full editorial, visit: http://cnw.fm/VraZ0Product and brand marketing outfit Sugarmade, Inc. (OTC: SGMD), whose brands include ZenHydro.com, CarryOutSupplies.com and BudLife Cannabis Storage Solutions, is currently focused on increasing revenues by repeating the success ...

  • GlobeNewswire24 days ago

    CannabisNewsWire Announces Cannabis Demand for Controlled Production Triggers Boon to Hydroponics Industry

    NEW YORK, Sept. 26, 2018 (GLOBE NEWSWIRE) -- via CannabisNewsWire – CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Sugarmade, Inc. (SGMD), a client of CNW focused on investment in products and brands with disruptive potential. The company was obviously happy to announce expansion into the European hydroponics supply market recently, through a sizeable order via Amazon UK. This announcement comes amid an ongoing shift for the company from a majority of hydroponic-related revenue growth occurring in California and other West Coast markets to more geographically dispersed growth throughout other U.S. states that are also seeing regulatory easing.

  • Newsfilelast month

    Sugarmade Comments on its Hemp Investment, the $22 Billion Hemp-Derived CBD Market, and Pending Hemp Bill Passage

    Monrovia, California--(Newsfile Corp. - September 20, 2018) - Sugarmade, Inc. (OTC Pink: SGMD), one of the largest publicly traded hydroponics supply companies, today made comments on its recent investment into the industrial hemp market and on the pending Hemp Bill of 2018, which now appears to be on the verge of passage and enactment into federal law.A recent report published by Brightfield Group has estimated the hemp-derived cannabidiol (CBD) market at $591 million this ...

  • GlobeNewswirelast month

    Sugarmade Comments on its Hemp Investment, the $22 Billion Hemp-Derived CBD Market, and Pending Hemp Bill Passage

    MONROVIA, Calif., Sept. 20, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTC: SGMD), one of the largest publicly traded hydroponics supply companies, today made comments on its recent investment into the industrial hemp market and on the pending Hemp Bill of 2018, which now appears to be on the verge of passage and enactment into federal law. A recent report published by Brightfield Group has estimated the hemp-derived cannabidiol (CBD) market at $591 million this year, growing to $22 billion by 2022.  This estimate is of particular importance to Sugarmade as its recent Kentucky hemp investment was for the cultivation of an ultra-rich CBD strain of industrial hemp. Sugarmade believes the hemp portion of the farm bill will benefit the Company and its shareholders.  Sugarmade is committing capital over the next twelve months to invest in Hempistry, Inc., a privately held Nevada corporation, which has begun planting an ultra-high CBD industrial hemp strain in the U.S. state of Kentucky.  Additionally, Sugarmade expects to sign an agreement with Hempistry for hemp cultivation supplies.

  • PR Newswirelast month

    SeeThruEquity Initiates Coverage on Sugarmade, Inc.

    Jimmy Chan, CEO of Sugarmade commented, "Having Sugarmade highlighted by SeeThruEquity is important to this management team.  Over the past two years, Sugarmade has almost completely restructured.  We have entered one of the fast growing sectors of the American economy, reduced debt levels, added a significant number of personnel, moved our headquarters, and most importantly, positioned our Company for substantial growth.  Based on our growth rates, we now believe our $30 million revenue guidance for next year is very conservative.  We welcome SeeThruEquity's research coverage and look forward to supplying its analyst a steady stream of news on high quality developments regarding our progress. SeeThruEquity analysts have placed a price target on Sugarmade common shares at $0.30, which represents a potential upside of 130.8% from the recent price of $0.13 on September 3, 2018.  In the report, the firm further outlines expectations for the market in the 29 US states where regulations and laws have been relaxed.  The outlook is impressive with the market expected to grow from $9.2 billion in 2017 to $47.3 billion by 2027.  The report can be viewed at http://www.seethruequity.com.

  • ACCESSWIRElast month

    SeeThruEquity Initiates Coverage on Sugarmade Inc.

    NEW YORK, NY / ACCESSWIRE / September 10, 2018 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has initiated coverage on Sugarmade Inc. (SGMD) with a price target of $0.30. The report is available here: Sugarmade Initiation Report. With headquarters in Monrovia, CA, Sugarmade is focused on supplying equipment and technologies to support the legal cultivation, processing and storage of cannabis and other agricultural products.

  • GlobeNewswirelast month

    Coverage Initiated for Sugarmade, Inc. (OTC: SGMD) via NetworkNewsWire

    NEW YORK, Sept. 06, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (SGMD), one of the largest publicly traded hydroponics supply companies moving into the industrial hemp sector, announces it has selected the corporate communications expertise of NetworkNewsWire ("NNW"). Sugarmade is a product and brand marketing company investing in products and brands with disruptive potential. Headquartered in Los Angeles county, Sugarmade has various business operations in diverse marketplaces including packaging and paper goods for various industries, and agricultural supplies.

  • GlobeNewswire2 months ago

    Sugarmade in Acquisition Discussions – Files Disclosure Statement Concerning Upcoming Special Shareholder Meeting

    MONROVIA, Calif., Aug. 28, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Sugarmade, Inc. (SGMD), one of the largest publicly traded hydroponics supply companies, today announces the filing of a disclosure statement with the Securities & Exchange Commission concerning possible acquisitions by the Company. Sugarmade has begun formal acquisition negotiations with two companies that provide online and retail hydroponic and other agricultural cultivation supplies. Mr. Jimmy Chan, CEO of Sugarmade, commented, "The hydroponic supply sector is still highly fragmented with many of the larger players not likely to reach public company liquidity events for the original entrepreneurial teams.

  • PR Newswire2 months ago

    Sugarmade in Acquisition Discussions-Files Disclosure Statement Concerning Upcoming Special Shareholder Meeting

    Sugarmade, Inc. (SGMD), one of the largest publicly traded hydroponics supply companies, today announces the filing of a disclosure statement with the Securities & Exchange Commission concerning possible acquisitions by the Company. Sugarmade has begun formal acquisition negotiations with two companies that provide online and retail hydroponic and other agricultural cultivation supplies. Mr. Jimmy Chan, CEO of Sugarmade, commented, "The hydroponic supply sector is still highly fragmented with many of the larger players not likely to reach public company liquidity events for the original entrepreneurial teams.

  • PR Newswire2 months ago

    Sugarmade Applies for OTCQB Eligibility

    Sugarmade, Inc. (SGMD), one of the largest publicly traded hydroponics supply companies, today announces its application for the OTCQB Venture Marketplace for the trading of Sugarmade common shares. The Company had previously announced, in error, its return to the OTCQB Venture Market. Management had thought the return to the OTCQB would be automatic once fully reporting status was restored, this assumption was incorrect and thus Sugarmade has reapplied. Mr. Jimmy Chan, CEO of Sugarmade commented, "The OTCQB enables Sugarmade to build our visibility and expand liquidity for our shareholders without the rigid procedures and requirements that go along with an exchange listing.

  • PR Newswire2 months ago

    Sugarmade Launches Industrial Hemp and CBD Initiative

    MONROVIA, California , August 21, 2018 /PRNewswire/ -- Sugarmade, Inc. (OTC: SGMD), one of the largest publicly traded hydroponics supply companies, today announces a new corporate initiative in the booming ...

  • GlobeNewswire2 months ago

    Sugarmade Moves Into European Hydroponic Market

    MONROVIA, Calif., Aug. 16, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTC: SGMD), one of the largest publicly traded hydroponics supply companies, today announces expansion into the European market for hydroponics supplies by way of its first order via Amazon UK. Under the terms of the agreement, Sugarmade will supply dozens of SKUs to be sold in United Kingdom. The European market is growing relative to hydroponics.

  • PR Newswire2 months ago

    Sugarmade Moves Into European Hydroponic Market

    Sugarmade, Inc. (SGMD), one of the largest publicly traded hydroponics supply companies, today announces expansion into the European market for hydroponics supplies by way of its first order via Amazon UK. Under the terms of the agreement, Sugarmade will supply dozens of SKUs to be sold in United Kingdom. The European market is growing relative to hydroponics.

  • GlobeNewswire2 months ago

    Sugarmade Returns to the OTCQB as Fully Reporting-CEO Comments on Growth

    Additionally, the Company makes comments relative to the strong revenue growth it is experiencing within the cannabis supplies marketplace. Sugarmade expects revenue growth to at least $30 million for 2019, with operating profitability and positive operating cash flow. For the most recently reported quarter, the Company reported revenues of just under $3 million, representing a sequential revenue increase of approximately 215% and a year over year revenue increase of approximately 228%.

  • PR Newswire2 months ago

    Sugarmade Returns to the OTCQB as Fully Reporting; CEO Comments on Growth

    MONROVIA , California, Aug. 8, 2018 /PRNewswire/ -- Sugarmade, Inc. (SGMD), one of the largest publicly traded cannabis-related hydroponics supply companies returns to the OTCQB Venture Market trading venue as a fully reporting company with the U.S. Securities & Exchange Commission.  Additionally, the Company makes comments relative to the strong revenue growth it is experiencing within the cannabis supplies marketplace. Sugarmade expects revenue growth to at least $30 million for 2019, with operating profitability and positive operating cash flow.