Connect with us


Sugarmade Inc (OTCMKTS:SGMD) And BizRight, LLC To Establish Largest Public Cannabis Supply Firm



Sugarmade Inc (OTCMKTS:SGMD) reported its plan to establish the world’s leading traded cannabis industry supply firm. The company along with BizRight, LLC, have finalized a Letter of Intent for a MMA where all BizRight offerings will be presented by Sugarmade.

The details

Upon the effective date of this deal, revenues for the iPower as well as all sub-branded offerings marketed by BizRight will be noted by Sugarmade. Jimmy Chan, the CEO of Sugarmade, expressed that they consider the Los Angeles area as base zero for the cannabis decriminalization revolution and this contract is intended to put company and its shareholders exact in the middle of the action.

The new entity will be larger than other publicly traded suppliers to the legal hydroponic supply and cannabis division and in this segment, size matters. The quantum at which company will be able to function will allow them to lower manufacturing, transportation and warehousing costs, and mainly their cost of capital. This will enable the access to the funds they require to support the several other business prospects currently available in the emerging cannabis marketplace.

They consider next year will be an extremely special year, for Sugarmade shareholders, as well as for the several participants in this dynamic and new market sector. BizRight has been developing fast in the cannabis supply division for numerous years. In this year, it is projected to post revenue of at least $30 million and to be profitable. Growth for next year to more than $40 million in revenue is projected. As compensation for the deal, Sugarmade will compensate the BizRight owners a combination of common shares and cash.

Mr. Chan added that next year they intend to produce revenue of $45 million in excess, which will turn Sugarmade one of the leading public firms in the cannabis market division.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.


Business3 hours ago

NewAge Inc Unveils New Adolescents’ Multivitamin with Healthier Assimilation for Resistant System Sustenance

Post Views: 2 Newage Inc (NASDAQ: NBEV), the Colorado-based biological and healthy products business, proclaimed today the introduction of Nutrifii...

Business2 months ago

NewAge Inc. (NASDAQ:NBEV) Expanding Its Operations In Europe As Lucim™ Gets Recognition As A Safe Skincare Product

Post Views: 580 NewAge Inc. (NASDAQ:NBEV) announced a record net revenue increase in Europe, record attendance at its virtual events,...

Business2 months ago

ILUS International Inc. (OTCMKTS:ILUS) Appoints New Marketing Director Dejana Radonjic To Help With Global Marketing

Post Views: 525 ILUS International Inc. (OTCMKTS:ILUS) seems more focused on making new acquisitions, with about two accomplished within its...

Business2 months ago

Conservative Broadcast Media Journalism (OTCMKTS:CBMJ) Reports Revenues Of $2.4 Million In 2020

Post Views: 576 Conservative Broadcast Media Journalism (OTCMKTS:CBMJ) posted a robust growth of 118% YoY to $2.4 million in 2020. Development...


Cannabics Pharmaceuticals (OTCMKTS:CNBX) Initiates RCC-33 Dose-Response Study, And Cresco Labs (OTCMKTS:CRLBF) Launches Wonder Wellness Gummies

Post Views: 559 Cannabics Pharmaceuticals (OTCMKTS:CNBX) has announced that it will initiate a Dose-Response in-vivo Study in mice whose data...


Curaleaf Holdings Inc. (OTCMKTS:CURLF) Rebrands And Opens New Locations In Pennsylvania And Illinois

Post Views: 608 Curaleaf Holdings Inc. (OTCMKTS:CURLF) has announced new Curaleaf branding for its recently acquired retail locations and the...