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Sugarmade Inc V.SGMD


Primary Symbol: SGMD

Sugarmade, Inc. is a product and branding marketing company. The Company operates through two segments: paper and paper-based products and cannabis products delivery. The paper and paper-based products segment focuses on supply of disposable products to the quick-service restaurant and as an importer and distributor of non-medical personal protection equipment to business and consumers, via its Carry Out Supplies subsidiary. Carry Out Supplies is a producer and wholesaler of custom printed and generic supplies. The primary products are plastic cold cups, paper coffee cups, yogurt cups, ice cream cups, cup lids, cup sleeves, edible packaging, food containers, soup containers, plastic spoons, and similar products. The Company also focuses on investing in cannabis real estate, cultivation, and wholesale sectors vs. cannabis retail operations. It is also engaged in selected cannabis and hemp projects. Its subsidiaries include SWC Group, Inc., NUG Avenue, Inc., and Lemon Glow Company, Inc.


PINL:SGMD - Post by User

Comment by mjh9413on Jun 30, 2021 7:14pm
407 Views
Post# 33477772

RE:RE:RE:Real Possibilities And Great Potential.

RE:RE:RE:Real Possibilities And Great Potential.They had $US6MM  cash in Jan 2020 and difficult to say how  much used up since but there are several insider 10c/20c pre-consolidation options and those 47c compensation options all in-the-money  I wondered about new equity raise here but don't know if it will tempting at these levels when they tell us it is  growth thru acqun company but not much cash needed when, as you say, preribed share emphasis on new acquns.
Interesting, the PHM and Protech connection (no wonder the name change there!) and the Dalsin/Greene connection from the PHM acqun spree from years ago, but the acqun details for SDB make it all very interesting in terms of SGMD management being in the driver's seat even if SDB execs fremain at SDB's helm. Of course, CEO, Cross, had small interest in SDB before joining SGMD...but, of course, that was merely incidental in terms of these common parties!!!.
Sp consolidation at  $1.15 might be temporary but hope next news drives it further before we ever hear word of an equity raise.  JMHO and might take some money off table in case it does happen here. Will have to watch action.
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