SGMD - Sugarmade, Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.0129
+0.0001 (+0.78%)
As of 11:41AM EDT. Market open.
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Previous Close0.0128
Open0.0130
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0125 - 0.0130
52 Week Range0.0100 - 0.2000
Volume168,402
Avg. Volume3,892,136
Market Cap8.792M
Beta (3Y Monthly)0.04
PE Ratio (TTM)N/A
EPS (TTM)-0.0330
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
  • 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).

  • 7 Penny Marijuana Stocks That Are NOT Cheap Stocks
    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.

  • GlobeNewswire

    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

    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

    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

    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

    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

    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

    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

    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

    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.