Hydroponic supply company Sugarmade, Inc. (OTC: SGMD) this morning announced the filing of a disclosure statement with the Securities & Exchange Commission concerning multiple possible acquisitions. Per the update, Sugarmade has entered into formal acquisition negotiations with two companies that provide online and retail hydroponic and other agricultural cultivation supplies. “The hydroponic supply sector is still highly fragmented with many of the larger players not likely to reach public company liquidity events for the original entrepreneurial teams,” Jimmy Chan, CEO of Sugarmade, stated in the news release. “We have entered into talks with at least two of these companies for acquisition, which we believe will be highly accretive for common Sugarmade shareholders and additive to our already robust top line growth rate. We wanted to publicly disclose these discussions to ensure that all shareholders have equal access to our direction, thus our recent public filing.”
To view the full press release, visit http://cnw.fm/cb4BP
About Sugarmade, Inc.
Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade’s brands include ZenHydro.com, CarryOutSupplies.com and BudLife Cannabis Storage Solutions. For more information, visit the company’s website at www.Sugarmade.com
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