SGMD - Sugarmade, Inc.
| Previous Close | 0.0159 |
| Open | 0.0172 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's Range | 0.0165 - 0.0220 |
| 52 Week Range | 0.0100 - 0.1300 |
| Volume | 27,295,881 |
| Avg. Volume | 4,540,290 |
| Market Cap | 12.663M |
| Beta (3Y Monthly) | 0.42 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0330 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- 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.
- GlobeNewswire
Sugarmade Inc. Featured in Broadcast Discussing Kentucky as Hemp Hot Spot
Hemp production in Kentucky began in 2014, when 20 approved growers planted 33 acres of the crop under legislation that supported trials of hemp farming. Only Colorado exceeded Kentucky for hemp production within the United States. Kentucky now has 60,000 acres devoted to hemp production, making it the biggest hemp-producing state in the country.
- GlobeNewswire
Sugarmade Inc. Featured in CannabisNewsWire Publication Discussing Soaring Interest in Kentucky’s Hemp Boom
NEW YORK, July 31, 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. This year has seen a serious ratcheting up of hemp production across the United States. After the 2018 Farm Bill passed late last year legalizing national widespread hemp production, companies have been rushing to establish a foothold in the industry.
- PR Newswire
Sugarmade Announces Initial Investment in Hempistry and Completion of BZRTH Audit
MONROVIA, California, July 26, 2019 /PRNewswire/ -- Sugarmade, Inc. (SGMD), a major supplier to the growing hydroponic cultivation and hemp sectors, today provides an update to its investors relative to two important topics – Status of its investments in Kentucky-based hemp cultivator, Hempistry, Inc. and on the status of its pending acquisition of hydronic cultivation supplier, BZRTH, Inc. ("BZRTH"). Sugarmade announces BZRTH, which is a target acquisition of the Company, completed its audits for previous financial periods. The Company is announcing this audit completion because it believes the completion of the audit is material to the overall process of closing on the BZRTH acquisition, with the closing of the audit being required for the closing of the BZRTH acquisition. While, the Company has taken significant steps toward the closing of BZRTH transaction, overall progress was dependent on: 1) the completion of the BZRTH audit, and 2) availability of funds to close the transaction. Thus far, approximately $1,000,000 has been paid toward closing.
- GlobeNewswire
Sugarmade Inc. Featured in CannabisNewsAudio Broadcast Discussing California as the Hot Bed for Hemp
The state is home to one of the largest legalized recreational cannabis markets in the world, and Californian authorities have reportedly issued over 10,000 licenses to producers, processors and retailers involved in the cannabis industry. This includes those working with hemp, a nonpsychotropic form of cannabis, and CBD, a chemical derived from hemp.The swift growth of the state’s industry almost triggered a crisis this spring, as thousands of temporary licenses were set to expire before authorities had time to process permanent licenses. The state senate stepped in to extend the duration of temporary licenses and protect law-abiding business owners from a bureaucracy struggling to keep up with demand.
- GlobeNewswire
Sugarmade Inc. Featured in CannabisNewsWire Publication on Soaring Demand for Hemp
NEW YORK, July 17, 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. For companies working with hemp and related products, California is possibly the most business-friendly place in the world to be based. The state is headquarters for a wide range of companies working in the sector, from producers and retailers to companies providing support services, such as Sugarmade Inc. (SGMD).
- InvestorPlace
7 Penny Marijuana Stocks That Are NOT Cheap Stocks
The allure of investing in penny stocks can be quite strong. Every investor has dreams of putting a few thousand dollars in a penny stock and becoming a millionaire when it goes to $100 per share.But you need to be careful. Things aren't always as they seem. Just because it is a penny stock, it isn't necessarily cheap. Companies are typically valued by taking the assets and subtracting the liabilities. Assets consist of things such as cash, property, and inventories. Liabilities consist of things such as debt and loans, salaries, and taxes. These values are easily found on the company's balance sheet.You can also look at the Total Debt to Total Assets ratio. If it is greater than 1, consider it a major red flag. This means liabilities exceed assets.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe following 7 marijuana stocks all have terrible valuations. In other words, their liabilities are greater than their assets. If you are considering investing in penny stocks, this is something that I believe you should take a look at. Does it make sense to invest your money in companies that are essentially bankrupt? * The 7 Top Small-Cap Stocks Of 2019 I'm not saying that you can't make money investing in them. But you don't need to be Warren Buffet to understand that companies that have value and make money will outperform companies with negative valuations that lose money. Penny Stocks: Players Network (PNTV)Players Network (OTCMKTS:PNTV) is involved in the creation of digital networks and broadband distribution. It also grows and processes medical marijuana. And no, I'm not exactly sure how these two seemingly very different businesses are related.Maybe this strange mix is why this company has been such a loser. Last year it lost over $1 million. According to the balance sheet, the total assets of the company are around $1.2 million and the total liabilities are $11.5 million. That means this company has value of -$10.6 million. Despite this, it has a market capitalization of $17 million. Indoor Harvest (INQD)Indoor Harvest Corp (OTCMKTS:INQD) designs and builds fixtures and equipment for the indoor farming industry.This seems like a great industry to be in, but unfortunately things aren't working out so well for INQD. The company's market cap is less than $1 million. This isn't surprising considering that that it only has $200,000 in assets and $2.6 million of liabilities giving it a total value of negative $2.3 million. * The Top 8 Tech Stocks of 2019 (So Far) Last year it posted a loss of $3.3 million and in 2017 the reported loss was $4.4 million. Abattis Bioceuticals (ATTBF)Abattis Bioceuticals (OTCMKTS:ATTBF) is an agricultural and biotechnology company. It invests in technologies and biotechnology services for the legal cannabis industry in Canada.Despite how cool this business description sounds, this company losses a lot of money.Like most of these little penny stock companies, information on ATTBF was hard to find but I think they have lost more than $20 million between 2014 and 2017, an average of $5 million annually. The most recent reported assets were $1.2 million with liabilities of $440,000. This gives it a valuation of about $700,000. It is typically not a good thing when a company post losses that are more than 5 times its valuation. Blue Line Protection Group (BLPG)Blue Line Protection Group (OTCMKTS:BLPG) provides protection, transportation, banking and training services for the legal cannabis industry. This is a fancy way of saying that they are in the security business.Unfortunately for Blue Line they may not need protection for themselves because they probably don't have anything worth stealing. BLPG lost $1.25 million last year. In the prior four years, it lost a total of about $9 million. * 7 Stocks to Buy for the Same Price as Beyond Meat The assets are just $700,000 while the liabilities are $4.2 million. This gives it a total valuation of negative $3.5 million. GreenGro Technologies (GRNH)GreenGro Technologies (OTCMKTS:GRNH) is involved in the sale of greenhouse systems. The company also sells hydroponic supplies at its retail store in Anaheim, California. They sell pretty much anything you could need if you want to build a greenhouse or an indoor growing system.Considering the rapid growth of the cannabis markets, it is reasonable to believe that this would be a great business to be in. Unfortunately for GreenGro, this has not been the case. Last year it lost $3.7 million. In 2017 the loss was $8 million. With assets of $4.6 million and liabilities of $6.6 million, the value is negative $2 million. Rocky Mountain High Brands (RMHB)Rocky Mountain High Brands (OTCMKTS:RMHB) is a lifestyle brand management company. Their products include cannabidiol and hemp-infused products such as spring water and protein drinks. This is and old company with origins going back to 1968. It seems like in all that time they haven't learned how to make consistent profits. Last year the company lost $3.4 million and in 2017 losses were $9.3 million. * 10 Best S&P 500 Stocks to Buy For the Rest of 2019 With assets of $1.4 million and liabilities of $2.1 million, the valuation is about negative $500,000. Sugarmade (SGMD)Sugarmade (OTCMKTS:SGMD) is a distributor of paper products. The company recently announced plans to enter the hemp extraction technologies and equipment market.SGMD has unfortunately not been too sweet to its shareholders. This company hasn't made money in years and the trend seems to be getting worse. In 2016 it lost $2.5 million and it 2017 the loss was $4.7 million. Last years loss of $6.3 million was even worse. It is no surprise that SGMD has a negative valuation. With assets of $2.2 million and liabilities of $12.4 million, the valuation is negative $10.2 million.As of this writing, Mark Putrino did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Top Small-Cap Stocks Of 2019 * Critical Levels to Watch in 7 Marijuana Stocks * 5 Smaller Cloud Stocks That Have Plenty of Potential Compare Brokers The post 7 Penny Marijuana Stocks That Are NOT Cheap Stocks appeared first on InvestorPlace.
- GlobeNewswire
Sugarmade Inc. Featured in CannabisNewsAudio Broadcast Discussing New Options for Processing Hemp
New technology using water-based sonication extraction, microwaves and other techniques may transform the way extraction is carried out — and significantly impact costs as well. Sugarmade Inc. is a product and brand marketing company investing in products and brands with disruptive potential. CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate communication solutions.
- GlobeNewswire
Sugarmade Inc. Featured in CannabisNewsWire Publication Discussing Rising Hemp Production and Processing
NEW YORK, June 27, 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. Rising consumer demand has met the legal relief of the 2018 Farm Bill, whose passage in December paved the way for legal hemp cultivation and processing across the country. Companies working in the sector, such as Sugarmade Inc. (SGMD), cover a wide range of products and services, from providing cultivation supplies to marketing new products to consumers.
- GlobeNewswire
Sugarmade Inc. Featured in CannabisNewsAudio Broadcast on Importance of CBD Extraction Providers
The valuable crop is then taken to the extraction company, which might process the entire crop in a matter of days. Right now, extraction technology is in short supply and high demand, so the extraction companies can take up to 60% of the CBD or its value as a processing fee — a highly profitable outcome for the minority of the work. Sugarmade Inc. is a product and brand marketing company investing in products and brands with disruptive potential.
- GlobeNewswire
Sugarmade Inc. Featured in CannabisNewsWire Publication Discussing Essential Role of Extraction in CBD Sector
NEW YORK, June 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. To view the full publication, titled “Demand for CBD Places Power in Hands of Extraction Providers,” please visit: http://cnw.fm/3TxSW. The valuable commodity has to be extracted from hemp plants, a sophisticated process that involves expensive equipment and technical expertise.
- PR Newswire
Sugarmade to Enter Market for Hemp Extraction Technologies and Equipment
MONROVIA, California, June 12, 2019 /PRNewswire/ -- Sugarmade, Inc. (SGMD), a leading provider of hydroponic and other supplies to the agricultural and hemp sectors, today announces a new business initiative, which is expected the expand the Company's revenue base. Over the coming weeks, the Company will be entering the market for hemp extraction equipment and technologies, including several Chinese proprietary technologies, which hold the promise of increasing extraction efficiencies. "Our staff has done extensive research into the fast growing hemp industry. We continue to see an imbalance between cultivation outputs and extraction capacities within the industry. This leads us to believe the market for extraction services and the equipment required by these extraction companies will continue to accelerate. We plan to not only market several domestic technologies, but also next generation technologies we plan to implement from Southern China, were hemp cultivation and herbal extraction technologies are well ahead of North America," commented Jimmy Chan, CEO of Sugarmade.
- GlobeNewswire
Sugarmade Inc. Featured in CannabisNewsAudio Broadcast Evaluating Ability of Companies to Meet Urgent Equipment Needs
Companies such as Sugarmade Inc. (SGMD) are dramatically expanding their operations, thus seeing an increased level of power over their supply chains and the capacity to both stock and sell greater volumes of agricultural equipment. The efficiencies and reach of larger companies, along with their financial capacity to order supplies in larger volumes, will invigorate the hydroponic supply chain and ensure that growers’ needs are met. Sugarmade Inc. is a product and brand marketing company investing in products and brands with disruptive potential.
- GlobeNewswire
Sugarmade Inc. Featured in CannabisNewsWire Publication Discussing Urgent Need for Cultivation Supplies in Hemp Space
NEW YORK, May 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. Growing hemp is a sophisticated business. It’s on the equipment side that companies such as Sugarmade Inc. (SGMD) are getting involved.
- GlobeNewswire
Sugarmade Inc. Featured in CannabisNewsAudio Broadcast on Alarming Supply Shortage in CBD Industry
This growth has created opportunities for companies such as brand expansion and acquisition firm Sugarmade Inc. (SGMD), which is making a strong play into the sector, as well as new companies focused purely on CBD. Recent research into its uses has suggested that this naturally occurring compound can be useful in a range of health and well-being roles, including managing pain and helping users to relax. Sugarmade Inc. is a product and brand marketing company investing in products and brands with disruptive potential.
