SGMD - Sugarmade, Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.0063
+0.0005 (+8.62%)
At close: 3:58PM EST
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Previous Close0.0058
Open0.0057
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0057 - 0.0065
52 Week Range0.0057 - 0.0700
Volume2,138,446
Avg. Volume5,143,488
Market Cap5.31M
Beta (5Y Monthly)-0.44
PE Ratio (TTM)N/A
EPS (TTM)-0.0190
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Sugarmade Rides the Wave of Positive Change in the CA Cannabis Market with Stake in Budcars Cannabis Delivery Service

    NEW YORK, Feb. 11, 2020 -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), today announces the closing of an agreement to acquire a.

  • GlobeNewswire

    Sugarmade CEO: The On-Demand Economy is Headed to the Cannabis Sector - It’s Where We Want to Play

    Sugarmade will be making several strategic moves over the coming weeks as it launches on-demand and related business operations via internally developed initiatives and via new relationships with proven sector business operators. In a radical shift in its business model, Sugarmade will be part of the on-demand revolution sweeping the regulated cannabis industry.

  • GlobeNewswire

    Sugarmade Places on Hold Reverse Split - Plans to Enter Regulated Cannabis Market as Industry Turmoil Creates Opportunities

    Pending a vote by its board of directors, management believes temporarily holding the reverse split or canceling the reverse split altogether may be the best future course of action. The Company is also announcing its planned entry into the regulated and licensed portion of the cannabis marketplace, with an emphasis on the California distribution and retail sectors.

  • GlobeNewswire

    Sugarmade – “We See Superior Opportunities” - Rescinds Agreement - Saving 1.2 Billion Share Issuance and $1 MM Quarterly Cash Outlay

    In a filing with the U.S. Securities & Exchange Commission, Sugarmade outlines that approximately 1.2 billion common share equivalents will be returned to the Company’s treasury. Sugarmade’s board of directors has determined the business combination is no longer viewed as the best shareholder maximization strategy as industry upheaval accelerates. Sugarmade has been presented with numerous other business combination opportunities that its board of directors now believes are superior and are under consideration.

  • PR Newswire

    Sugarmade, Inc. Issues Statement Regarding Unauthorized Promotional Activity Involving Its Common Stock

    On December 19, 2019, Sugarmade, Inc. (OTCQB: SGMD) ("the Company") first became aware of certain unauthorized promotional activities concerning the Company's common stock, when it was provided by the OTC Markets Group, Inc.'s ("OTC Markets") Issuer Services division with examples of certain such unauthorized, third-party promotional activities.

  • GlobeNewswire

    Sugarmade Enters Hemp Extraction Equipment Supply Business – Initial Customer Order En Route to Mega Hemp Extraction Facility

    The Company additionally announces it has begun shipments of equipment to be installed in one of the largest planned facilities in the eastern portion of the United States. “We are very pleased to announce we have accepted the initial components from the manufacturer and these components are now in shipping containers en route to Western Kentucky to be installed at what will likely be one of the largest extraction facilities in the eastern part of the United States,” commented CEO Jimmy Chan.

  • GlobeNewswire

    Sugarmade Targets Additional Acquisitions in Hydroponics Roll-Up Strategy

    Specifically, the Company is currently in preliminary talks with six hydroponic and agricultural supply targets in the U.S. and central Europe. Management notes that ideal targets should have an EBITDA margin of at least 8%. The Company prefers to pay a reasonable multiple to revenue, with 10% in cash and 90% in stock for potential acquisitions, with precise terms dependent on market conditions.

  • GlobeNewswire

    Sugarmade Issues Corporate Update on Uplisting to Nasdaq Exchange

    NEW YORK, Nov. 26, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (SGMD) (“Sugarmade”, “SGMD”, or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is pleased to provide an update as the Company moves toward an uplisting of shares onto a major US exchange following news that Sugarmade’s direct competitor, GrowGeneration Corp. (GRWG) (“GrowGen”), announced on Monday, Nov. 25, that its shares have been approved for listing on the Nasdaq Capital Market ("NASDAQ"). Following its acquisition of BZRTH, Inc. (“BZRTH”), and another acquisition to be announced in the near future, management believes that Sugarmade is very similar to GrowGen in terms of market segment, scale of operations, and financial performance metrics (on an overall, consolidated basis).

  • GlobeNewswire

    Sugarmade Issues Shareholder Letter on Outlook, Uplist, and Expansion

    First off, I wanted to take this opportunity to express our sincere gratitude for your commitment and loyalty to our long-term value proposition and to discuss our current opportunities and our roadmap as we gear up to execute on the powerful opportunities that lie ahead. It’s about a thesis that we believe is rock solid: the hydroponics space has massive structural tailwinds at its back because it represents a critical answer to the long-term boom that drives the hemp and hemp-related marketplace.

  • GlobeNewswire

    Sugarmade Discusses its Growing Cost Advantages in Hydroponics Supplies - Announces Strong Preliminary Results for Calendar 2019 Exceeding Internal Forecasts

    The Company is expecting its recently acquired hydroponics supply operation to produce approximately $32 million for the calendar year. Based on both growing revenues and an expanding sector cost advantage, the Company believes it is well-positioned moving into 2020.

  • GlobeNewswire

    Sugarmade Announces Corporate Strategy in Preparation for Uplist to Major US Exchange

    Based on the strategy the Company has laid out, management believes Sugarmade will be on track to reach excess of $65 million annualized revenues. “We have an ambitious plan to create a viable path toward another major acquisition while extending our stepwise climb onto a major US exchange listing as we continue to expand operations in a rapidly growing market,” stated Jimmy Chan, CEO of Sugarmade.

  • GlobeNewswire

    Sugarmade Releases H1 2019 Data for Recent Acquisition, BZRTH: Over $15M Sales on 25% Sequential Revenue Growth

    NEW YORK, Nov. 12, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (SGMD) (“Sugarmade”, “SGMD”, or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is pleased to provide full financial performance data for its recent acquisition, BZRTH, LLC (“BZRTH”), a leading hydroponics ecommerce supplier. Jimmy Chan, CEO of Sugarmade, commented, “We are very happy to present our shareholders and current and prospective investors with a quantitative overview of the financial performance we are integrating as we assimilate BZRTH into Sugarmade.

  • GlobeNewswire

    Sugarmade CEO Issues Shareholder Letter on M&A Strategy Following Landmark Deal in $24B Hydroponics Space

    This acquisition alone should position Sugarmade as one of the largest publicly traded companies in the overall hydroponics space, driving EBITDA profitability, net-positive cash flows, and top-line sales of $37 million on a forward basis. Sugarmade has acquired BZRTH in a manner that is particularly friendly to Company common shareholders.

  • GlobeNewswire

    Sugarmade Closes BZRTH Acquisition, Creating Dominant Entity in $24B Global Hydroponics Market

    NEW YORK, Oct. 31, 2019 (GLOBE NEWSWIRE) -- via NetworkWire - Sugarmade, Inc. (SGMD) (“Sugarmade,” “SGMD,” or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is excited to announce the closing of the Company’s acquisition of BZRTH, LLC (“BZRTH”), a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. The Company expects the new combined entity to drive EBITDA profitability, net-positive cash flows, and top-line sales of $37 million on a forward basis. “As of today, Sugarmade is one of the largest publicly traded hydroponics companies in the world,” remarked Jimmy Chan, CEO of Sugarmade.

  • GlobeNewswire

    Sugarmade Achieves “Penny Stock Exempt” Status Removing Penny Stock Broker Limitations

    Sugarmade, Inc. (SGMD) (“Sugarmade”, “SGMD”, or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is proud to announce that the stock has been awarded “Penny Stock Exempt” status on OTCmarkets.com in accordance with rules defined by the Securities and Exchange Commission (“SEC”). “It’s gratifying to see that our consistent success has delivered Sugarmade from the limitations associated with Penny Stock status, granting us access to a wider pool of potential investors,” stated Jimmy Chan, CEO of Sugarmade.

  • GlobeNewswire

    Sugarmade Finalizes Terms of Landmark Deal to Acquire Top Hydroponics eCommerce Supplier, Scaling to $37Million Annualized Forward Sales

    NEW YORK, Oct. 22, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (SGMD) (“Sugarmade”, “SGMD”, or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is pleased to announce the finalization of terms between Sugarmade and BZRTH Inc. for a definitive agreement whereby Sugarmade will acquire BZRTH Inc. (“BZRTH”), a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. The Parties expect the acquisition to be finalized and closed by October 31, 2019. The acquisition will position Sugarmade to book all revenues from both entities, creating a combined entity that, based on most-recent financial estimates, stands to produce $37 million in annual sales and positive cash flow and EBITDA, resulting in Sugarmade becoming one of the largest publicly traded companies in this fast growing sector.

  • GlobeNewswire

    Sugarmade Inc. Featured in Broadcast Discussing Impact of Kentucky’s Hemp Boom

    NEW YORK, Sept. 13, 2019 (GLOBE NEWSWIRE) -- via CannabisNewsAudio – Sugarmade Inc. (SGMD)  announces the availability of an audio press release broadcast titled, “Hemp Set to Overtake Tobacco in Kentucky Amid Boom for Growers, Suppliers,” and produced by NetworkNewsWire (“NNW”). Hemp may be taking the first steps to overtake tobacco as a leading industry in Kentucky. During the 19th Century, Kentucky was the largest producer of hemp in the United States, producing three-quarters of the nation’s hemp fiber.

  • GlobeNewswire

    Sugarmade Inc. Featured in CNW Publication Discussing Hemp as Kentucky’s Top Crop  

    NEW YORK, Sept. 12, 2019 (GLOBE NEWSWIRE) -- via CannabisNewsWire — Sugarmade Inc. (SGMD) today announces its placement in an editorial published by CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for private and public entities in the cannabis industry. Since federal legislation allowed the production of hemp at test sites in 2014, Kentucky has taken a leading role in the industry. The Bluegrass state was one of only three states to exceed 100 acres by 2016, and research permits were issued for more than 12,000 acres in 2017.

  • PR Newswire

    Sugarmade Introduces New State-of-the-art iPower Cultivation Equipment on Amazon.com

    LOS ANGELES, Sept. 10, 2019 /PRNewswire/ -- Sugarmade, Inc. (SGMD) ("Sugarmade", "SGMD", or the "Company"), a leading supplier of hydroponics and cultivation equipment and resources, is excited to introduce its new line of "iPower" branded inline duct ventilation fans. Designed for durability, high-performance, and affordability, this advanced equipment for indoor and hydroponic cultivators is now available for immediate purchase on the Company's website at zenhydro.com and on Amazon.com. "Indoor and greenhouse cultivation is becoming increasingly sophisticated, helping both hobbyists and commercial cultivators maximize output regardless of seasonality or weather conditions," commented Jimmy Chan, CEO of Sugarmade.

  • GlobeNewswire

    Sugarmade Inc. Featured in Broadcast Discussing Influence of Upcoming Legislation on Hemp, CBD Markets

    NEW YORK, Aug. 30, 2019 (GLOBE NEWSWIRE) -- via CannabisNewsAudio – Sugarmade Inc. (SGMD) announces the availability of an audio broadcast titled, “Passage of California Assembly Bill Expected to Spur More Growth in the Hemp, CBD Markets,” produced by NetworkNewsWire (“NNW”). While California has been liberal relative to cannabis legalization, state regulators have been downright prudish relative to allowing hemp cultivation and the use of CBD added to food and beverages. This attitude could all change soon as California’s state senate has until September 15, 2019, to pass AB 228.

  • GlobeNewswire

    Sugarmade Inc. Featured in Publication Discussing California’s Impact on Hemp Industry

    NEW YORK, Aug. 29, 2019 (GLOBE NEWSWIRE) -- via CannabisNewsWire — Sugarmade Inc. (SGMD) today announces its placement in an editorial published by CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for private and public entities in the cannabis industry. No state has had a bigger impact on the growth of consumer hemp and CBD products than California.

  • GlobeNewswire

    Sugarmade Inc. Featured in Broadcast Discussing Market Growth of Hemp Sector

    NEW YORK, Aug. 26, 2019 (GLOBE NEWSWIRE) -- via CannabisNewsAudio – Sugarmade Inc. (SGMD) announces the availability of an audio press release titled, “Hemp Industry Benefiting From U.S.-Chinese Trade War,” produced by NetworkNewsWire (“NNW”). The numbers are in from the U.S. Department of Agricultural on the number of acres of hemp planted this year. With such growth, it is no wonder that both supply and cultivation companies are realigning their businesses to take advantage of the huge market growth.

  • GlobeNewswire

    Sugarmade Inc. Featured in CannabisNewsWire Publication Discussing Huge Impact of Hemp Industry on Farming

    NEW YORK, Aug. 23, 2019 (GLOBE NEWSWIRE) -- via CannabisNewsWire — Sugarmade Inc. (SGMD) today announces its placement in an editorial published by CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for private and public entities in the cannabis industry. To view the full publication, titled, “Hemp Industry Benefiting From U.S.-Chinese Trade War,” visit: http://cnw.fm/RGn8T. While the huge increase in U.S. consumer demand from hemp extracts and hemp product is largely credited as the reason for the boom in the number of hemp acres under cultivation, there is a significant additional part of the hemp-growth story to tell.

  • GlobeNewswire

    Sugarmade CEO Expects Golden State Hemp Legislation to Benefit the Industry – Company Prepares First Closing of BZRTH Acquisition

    MONROVIA, Calif., Aug. 13, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Sugarmade, Inc. (SGMD), a major supplier to the growing hydroponic cultivation and hemp sectors, today announces it is now prepared to complete the first closing of its BZRTH, LLC acquisition.  Recently, the Company announced BZRTH had completed its financial audit, which was one of the major items required to close the pending transaction. BZRTH is a major supplier to the hydroponic and hemp cultivation sectors, producing in excess of $30 million in annual revenues.

  • PR Newswire

    Sugarmade and Hempistry Commence Hemp Cultivation in Kentucky

    MONROVIA, California, Aug. 1, 2019 /PRNewswire/ -- Sugarmade, Inc. (SGMD), a major supplier to the growing hydroponic cultivation and hemp sectors, today announces commencement of hemp cultivation in conjunction with Hempistry, Inc., of Madisonville, Kentucky. Sugarmade recently announced is had begun to exercise its investment option in the Kentucky hemp cultivator. The hemp being cultivated this year by Hempistry is a fast growing strain that is especially rich in cannabidiol (CBD). The farm is located in Madison County, Kentucky. Sugarmade is not only directly investing in the Hempistry operation, but it is also increasing its commitment to become a leading supplier to hemp cultivators across the country. Nowhere is this commitment stronger than within the state of Kentucky, which now leads the nation in the number of acres under cultivation. A major component of this expanding commitment is the pending acquisition of leading cultivation supplier BZRTH.