SGMD - Sugarmade, Inc.
| Previous Close | 0.0190 |
| Open | 0.0190 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's Range | 0.0148 - 0.0195 |
| 52 Week Range | 0.0148 - 0.2000 |
| Volume | 11,617,157 |
| Avg. Volume | 2,285,025 |
| Market Cap | 10.768M |
| Beta (3Y Monthly) | 0.04 |
| 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 |
- InvestorPlace•17 days ago
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•17 days ago
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•18 days ago
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•last month
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•last month
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•last month
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•2 months ago
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•2 months ago
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•2 months ago
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.
- GlobeNewswire•2 months ago
Sugarmade Inc. Featured in CannabisNewsWire Publication on the Challenge of Meeting CBD Demand
NEW YORK, May 15, 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. A boom in demand for cannabidiol (CBD) has created an alarming shortage, which savvy hemp companies are aggressively looking to solve. This makes hemp production a far more straightforward and reliable source of income, and will allow more farmers to benefit from a profitable cash crop.
- PR Newswire•2 months ago
Sugarmade Begins Development of Artificial Intelligence Based Hemp Cultivation Monitoring Systems
MONROVIA, California, May 14, 2019 /PRNewswire/ -- Sugarmade, Inc. (SGMD), a major supplier to the growing hydroponic cultivation sector, today announces a new corporate initiative to develop cultivation monitoring systems for hemp and other agricultural commodities. This monitoring system will allow hemp cultivators to actively monitor conditions in real time. Sugarmade has entered into a joint venture with an engineering group to develop and commercialize the technology. "Hemp is becoming one of the world's most valuable crops. Cultivators and investors are actively seeking ways to monitor the health of the crop to ensure maximum yields. This platform, which will be based on AI software from some of the world's leading technology companies.
- Newsfile•3 months ago
Sugarmade Inc. Featured in CannabisNewsAudio Broadcast Focused on Supply Shortfall Creating Rewarding Opportunity
New York, New York--(Newsfile Corp. - April 22, 2019) - Sugarmade Inc. (OTCQB: SGMD) announces the availability of a CannabisNewsAudio broadcast titled, "Hemp Boom Spawns Lucrative Deals."To hear the CannabisNewsAudio version, visit: http://cnw.fm/0oo1LTo read the full editorial, visit: http://cnw.fm/EU8j1Hemp is booming across the country, and nowhere more so than in Kentucky, where the applications to grow hemp are expected to increase fivefold, and acreage dedicated to growing the crop is set to more ...
- GlobeNewswire•3 months ago
Sugarmade Inc. (SGMD) Featured in CannabisNewsAudio Broadcast on Explosive Growth Opening Door to Opportunity
At the forefront of this explosive market growth, Sugarmade Inc. (SGMD) (SGMD Profile) recently inked a strategic supply contract with Hempistry Inc., a leading Kentucky-based cultivator of high CBD content hemp. With demand reaching epic proportions, the clutch of small and inefficient supply companies is ill prepared to service the requirements of the blooming hemp industry. Cognizant of the shortfall, Sugarmade is on a mission to consolidate the fragmented industry by strategically acquiring other synergistic hemp-based operations.
- GlobeNewswire•3 months ago
Sugarmade Inc. Featured in CannabisNewsWire Publication Evaluating Surging Need for Hydroponic Supplies
NEW YORK, April 18, 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. The CBD boom was presaged by passage of the Farm Bill, an absolute sea change in the balance of power in global hemp markets. Historically, the United States had been an importer of hemp products, but now the U.S. market is expected to lead the global hemp industry reaching an eye-popping $22 billion in 2022.
- Newsfile•3 months ago
Sugarmade Inc. Featured in CannabisNewsWire Publication Analyzing Hemp Boom Driving Demand for Supplies
New York, New York--(Newsfile Corp. - April 18, 2019) - Sugarmade Inc. (OTCQB: 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 Boom Spawns Lucrative Deals," please visit: http://cnw.fm/waqL8The CBD boom was presaged by passage of the Farm Bill, an absolute sea change in the balance of ...
- CNW Group•3 months ago
Hemp Boom Spawns Lucrative Deals
DENVER , April 17, 2019 /CNW/ -- Ever since the Farm Bill was signed into law, farmers across the United States have rushed into hemp cultivation, driving demand for the supplies needed to grow the crop necessary to meet surging CBD use. Global hemp industry to reach $22 billion in 2022. Hemp is booming across the country, and nowhere more so than in Kentucky , where the applications to grow hemp are expected to increase fivefold, and acreage dedicated to growing the crop is set to more than triple this year.
- GlobeNewswire•3 months ago
Sugarmade to Begin Hemp Micropropagation Supply Deliveries for Hempistry, Inc.
MONROVIA, Calif., April 11, 2019 (GLOBE NEWSWIRE) -- via NetworkWire -- Sugarmade, Inc. (SGMD), a major supplier to the growing hydroponic cultivation sector, today announces the signing of a supply contract with Hempistry, Inc. where the Kentucky-based hemp cultivator is acquiring supplies for its hemp micropropagation operation. Sugarmade expects this supply relationship to be ongoing as Hempistry expands its operations, both domestically and internationally. Much of the hemp cultivated in North American is not grown from seed, but is rather cloned or propagated from existing hemp plants. The micropropagation process allows for a very large number of plants to be readied simultaneously and ensures the plants that end up in the hemp field are exact genetic copies of desirable mother plants, which is particularly important relative to hemp cultivation. With the boom in hemp cultivation occurring this planting season, many of the supplies required for successful micropropagation operations are in very short supply.
- GlobeNewswire•3 months ago
Sugarmade Inc. Featured in CannabisNewsAudio Publication on Demand for Hydroponics in Surging Hemp Market
Sugarmade is catering to this boom through a supply agreement with Kentucky-based Hempistry Inc., which will help Hempistry achieve the nearly tenfold increase in hemp growing it has planned this year. Sugarmade is also developing strong distribution channels in California, one of the first states to change its laws and embrace the rise of hemp. California’s large population and positive attitude towards CBD and hemp makes it another prime target for expansion.
- Newsfile•3 months ago
Sugarmade Inc. Featured in CannabisNewsAudio Publication on Booming Hemp Production Demands Hydroponic Supplies
New York, New York--(Newsfile Corp. - April 5, 2019) - Sugarmade Inc. (OTCQB:SGMD) announces the availability of a CannabisNewsAudio Publication titled, "Hemp Market Drives Hydroponics Growth."To hear the CannabisNewsAudio version, visit: http://cnw.fm/YPs6lTo read the full editorial, visit: http://cnw.fm/tX89eApproximately 16,000 acres of hemp were planted in Kentucky last year, and this is expected to nearly triple to 42,000 acres in 2019. The state has already received five times more applications to grow hemp ...
- GlobeNewswire•3 months ago
Sugarmade Inc. Featured in CannabisNewsWire Publication on Hemp Market Driving Need for Hydroponic Supplies
NEW YORK, April 04, 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. December 2018 saw the passing of the 2018 U.S. Farm Bill and with it the legalization of hemp cultivation in the United States. The move has created a whole new playing field, thrusting Sugarmade Inc. (SGMD) into the spotlight.
- Newsfile•3 months ago
Sugarmade Inc. Featured in CannabisNewsWire Publication Discussing Surge in Hemp Production
New York, New York--(Newsfile Corp. - April 4, 2019) - Sugarmade, Inc. (OTCQB: 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 Boom Leads to Cultivation Supply Shortages," please visit: http://cnw.fm/In8IBDecember 2018 saw the passing of the 2018 U.S. Farm Bill and with it the legalization of ...
- Newsfile•4 months ago
Sugarmade Inc. (SGMD) Featured in CannabisNewsAudio Publication on Benefits of Growing with Hydroponics
New York, New York--(Newsfile Corp. - March 27, 2019) - Sugarmade Inc. (OTCQB: SGMD) announces the availability of a CannabisNewsAudio Publication titled, "Hydroponic Supplies Play Key Role in Hemp Market Growth."To hear the CannabisNewsAudio version, visit: http://cnw.fm/45SsCTo read the full editorial, visit: http://cnw.fm/Dy6oOHydroponic equipment offers an alternative approach from growing plants in soil. Instead, the hemp harvest is grown in solutions rich with sustaining minerals, with roots either suspended directly in the liquid ...
- GlobeNewswire•4 months ago
Sugarmade Inc. (SGMD) Featured in CannabisNewsAudio Publication on Growing Role of Hydroponics
NEW YORK, March 27, 2019 -- via CannabisNewsAudio – Sugarmade Inc. (OTCQB: SGMD) announces the availability of a CannabisNewsAudio Publication titled, “Hydroponic Supplies.
- GlobeNewswire•4 months ago
Sugarmade Inc. (SGMD) Featured in CannabisNewsWire Publication Discussing Surging Need for Hydroponic Supplies
NEW YORK, March 26, 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. As with hemp production, consistency is key to the supply of hydroponic equipment. Sugarmade Inc. is a product and brand marketing company investing in products and brands with disruptive potential.
- Newsfile•4 months ago
Sugarmade Inc. Featured in CannabisNewsWire Publication Discussing Rising Demand for Hydroponic Supplies
New York, New York--(Newsfile Corp. - March 26, 2019) - Sugarmade Inc. (OTCQB: 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, "Hydroponic Supplies Play Key Role in Hemp Market Growth," please visit: http://cnw.fm/G90XeThis has created a great opportunity for hydroponic suppliers, and some are moving to further strengthen ...
