|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||0.112 - 0.120|
|52 Week Range||0.020 - 0.430|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
CITY OF INDUSTRY, California, June 11, 2018 /PRNewswire/ -- Sugarmade, Inc., one of the largest publicly traded cannabis-related hydroponics supply companies today informs its investors concerning the filing of financial results for the quarter ending September 30, 2017 and provides an update concerning additional filings and the direction of the Company. Mr. Jimmy Chan, CEO of Sugarmade commented, "The filing of our financial results has been delayed as we revamped our financial team and systems in order to manage the strong growth we are currently realizing and to prepare for the growth we are forecasting for future periods. Financial Reporting - Sugarmade has now filed its results for the quarter ending September 30, 2018 and is in process of finalizing reports for the quarters ending December 31, 2017 and March 30, 2018.
CITY OF INDUSTRY, Calif., June 11, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Sugarmade, Inc. (SGMD), one of the largest publicly traded cannabis-related hydroponics supply companies today informs its investors concerning the filing of financial results for the quarter ending September 30, 2017 and provides an update concerning additional filings and the direction of the Company. Mr. Jimmy Chan, CEO of Sugarmade commented, "The filing of our financial results has been delayed as we revamped our financial team and systems in order to manage the strong growth we are currently realizing and to prepare for the growth we are forecasting for future periods. Financial Reporting - Sugarmade has now filed its results for the quarter ending September 30, 2018 and is in process of finalizing reports for the quarters ending December 31, 2017 and March 30, 2018.
Sugarmade, Inc. (SGMD) made comments today relative to the Trump administration abandoning a Justice Department threat to crack down on recreational cannabis in states where it is legal under state law. Late last week, the White House confirm an important policy change that the federal government would not interfere with state marijuana laws and that President Trump would champion a new law that gives states the authority to set their own cannabis-related policies. Mr. Jimmy Chan, CEO of Sugarmade commented, "We view last week's announcement as one of the most significant events in the cannabis industry over the past few years.
Sugarmade, Inc. (SGMD) one of the largest publicly traded cannabis-related hydroponics supply companies, today announces a significant milestone for the Company with the beginning of revenue recognition relating to its master marketing agreement with cannabis cultivation and hydroponic supplier, BizRight Hydroponics, Inc. The Company is now recognizing revenue under this new agreement with the month of April expected to be the first full month of reporting. Sugarmade expects to see rapid growth in realized revenues throughout the June quarter and throughout fiscal 2018.
Sugarmade, Inc. (SGMD), one of the largest publicly traded cannabis-related hydroponics supply companies, today announces the completion of internal financial system enhancements in order to begin recognizing revenues from its master marketing agreement with BizRight Hydroponics, Inc. Additionally, the Company announces the completion of its year-end audit in preparation for its year-end, and other, financial filings and its intent to soon offer formal revenue growth guidance for year-end 2018 and 2019. For the past few months, the staff at Sugarmade has been implementing a plan to significantly increase corporate accounting and financial resources to manage the over 400% revenue growth planned for the next few years. With these functions largely completed, the Company's staff is now beginning testing on live orders and revenue flows from BizRight products, in order to begin recognizing these new revenue streams.
CITY OF INDUSTRY, California, Feb. 15, 2018 /PRNewswire/ -- Sugarmade, Inc., (SGMD) one of the largest publicly traded cannabis-related hydroponics supply companies, today commented on the state of affairs relative to the first month of recreational legalization of cannabis in California. The California market is still experiencing issues with local licensing. This local licensing is required before state licenses can be granted.
Sugarmade, Inc. (SGMD), one of the largest publicly traded cannabis-related hydroponics supply companies, is today proud to announce the relocation of all business operations into a significantly larger facility, as it moves to further implement the recently announced marketing agreement with BizRight Hydroponics, Inc. Via this agreement, Sugarmade is expecting revenue growth during 2018 of at least 400%. "We do not have nearly enough room at our current City of Industry, California location to accommodate the growth we are already realizing and are expecting for 2018 and beyond," commented Jimmy Chan, CEO of Sugarmade. Sugarmade's new operations center will consolidate nearly all corporate functions under one roof. The warehouse section was custom made for high volume shipments and is able to accommodate not only regular delivery trucks, but also full cargo containers. With its close proximity to both Southern California's most important freeway cargo routes and the vital port of Los Angeles, Sugarmade will be able to speed both importation of goods into the facility and delivery to customers.
The January 1, 2018, legalization of recreational cannabis within the state of California is already having a positive impact on the businesses of Sugarmade (SGMD) and BizRight Hydroponics, Inc. The two companies are currently in process of implementing a master marketing agreement, creating one of the largest publically traded cannabis and hydroponics supply companies. While the California market, considering its strong economic clout is certainly important, many other states are also now beginning to issue cultivation licenses, adding additional fuel to the already growing cultivation supply market. Mr. Jimmy Chan, CEO of Sugarmade, commented, "2018 will certainly be very busy for our Company.
Sugarmade, Inc. (SGMD) today outlines the steps being taken to modify its corporate operations as it becomes one of the world's largest publicly traded supplier to the growing cannabis industry. Mr. Jimmy Chan, CEO of Sugarmade, commented, "We are taking decisive action to modify our operations in order to prepare for the huge increase in business we are expecting. Growing a business infrastructure capable of expanding by more 500% during 2018 is certainly a challenge, but we have already begun the process. We will be providing detailed revenue guidance for the full year 2018 over the next few weeks. All of us at Sugarmade are looking forward to growing with the industry over the coming years.
Sugarmade, Inc. (SGMD) is pleased to announce to its investors and to the growing cannabis marketplace, the creation of the industry's largest publically traded cannabis and hydroponics supply company. Sugarmade has completed a master market agreement with industry leader, BizRight Hydroponics, Inc., a highly successful manufacturer and distributor to the hydroponics and cannabis markets. BizRight is expected to produce in excess of $30 million in revenues during 2017, with substantial growth expected for 2018. Sugarmade expects to provide detailed revenue guidance to its investors over the coming weeks. As part of the agreement, Sugarmade will compensate the owners of BizRight cash and Sugarmade common shares depending on revenue gained through the master marketing agreement. The full "earn out" of shares to be issued to the owners of BizRight will be obtain based on annualized revenues from the agreement of $30 million. Sugarmade is in process of significantly increasing its financial, accounting and managerial staffs in order to manage the expected significant increase in orders and transactions, and to manage future acquisitions within the cannabis sector, which are currently contemplated.
Sugarmade, Inc. (SGMD) today announces an important step toward the introduction of the patented, BudLife™ cannabis storage system. The Company has entered live prototype testing of cannabis flowers in various versions of BudLife™, the first container system that maintains the integrity of cannabis flowers for up to six months. The samples are being stored in conditions similar to how we believe consumers would also store cannabis. With the California marketing opening to recreational purchases in only one month, we believe this final prototype testing is optimally timed," commented Jimmy Chan, CEO of Sugarmade.
NEW YORK , Dec. 4, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the lists of downgrades from its respective ...
Sugarmade, Inc. (SGMD) today announces significant success for the Black Friday Weekend for Sriracha Seasoning Stix, a new culinary seasoning technology, using the real Sriracha Hot Chili Sauce from Huy Fong Foods, Inc. Over the weekend, new sales records were achieved with revenues continuing to build moving into Cyber Monday. As a result, Sugarmade is bringing in all staff to assist with the hundreds of shipments that will need to go out each day. "All of us at Sugarmade are expecting a huge Holiday season for Sriracha Seasoning Stix and Seasoning Stix.
Sugarmade, Inc. (SGMD), is proud to announce its plan to create the world's largest publically traded cannabis industry supply company. Sugarmade and BizRight, LLC, one of the premier distributors and e-commerce marketers to the booming cannabis supply sector, have entered into a Letter of Intent for a Master Marketing Agreement where all BizRight products will be offered by Sugarmade. Upon the effective date of the definitive Master Marketing Agreement, all revenues for the iPower and all sub-branded products marketed by BizRight will be recognized by Sugarmade.
Sugarmade, Inc. (SGMD), today comments on its recent product launch of Sriracha Seasoning Stix, a new culinary seasoning technology, using the real Sriracha Hot Chili Sauce from Huy Fong Foods, Inc. Thus far, online revenues on the http://www.SrirachaStix.com website are significantly exceeding expectations. Further acceleration in revenue, mainly led by the Company's Holiday gift packs, is expected as the important Holiday gift giving seasoning commences. Sriracha Seasoning Stix are an innovative way to season meat, fish, poultry and vegetables from the inside out, using the real Sriracha Hot Chili Sauce from Huy Fong Foods, Inc. The product is so unique it has been awarded three U.S. patents.
Sugarmade, Inc. (SGMD), today announces a realignment of its business direction and outlines negotiations currently underway to significantly expand its business operations within the fast growing cannabis sector. "We are especially excited because the cannabis-related acquisition will be highly accretive to share value for current holders of Sugarmade. "The successful completion of this acquisition will make Sugarmade one of the largest, if not the largest, publically traded supplier to the hype-growth cannabis sector.
Sugarmade, Inc. (SGMD) and Plantation Corp., today unveil the prototype design for BudLife, a unique patent protected device for the long-term storage of cannabis. The companies expect to begin taking orders for BudLife during the fourth quarter in order to prepare for the opening of the California recreational cannabis market on January 1, 2018. Sugarmade has produced a new video demonstrating BudLife, which can be viewed at http://www.sugarmade.com. "We think BudLife is a game changer for the cannabis industry.
Sugarmade, Inc. (SGMD), today launched its 2017 Holiday sales season for Sriracha Seasoning Stix. Available as of today are special packages for holiday gifts, multi-bottle combinations and single bottles available via the Company's new web platform -http://www.SrirachaStix.com.
Sugarmade, Inc. (SGMD), today announces it has selected the Ecommerce marketing company Sound Decisions to help the Company in revolutionizing the seasoning and spice industry via its patented product line, Sriracha Seasoning Stix. Sugarmade and Sound Decisions are preparing to roll out an aggressive marketing program beginning next week. Seasoning Stix are a true revolution in the seasoning of food representing the first revolution in seasoning in over 1,000 years.