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CannabisNewsAudio Announces Audio Press Release (APR) on Sugarmade, Inc. Pursuing Deal Expected to be Highly Accretive for Shareholders
CannabisNewsAudio Announces Audio Press Release (APR) on Sugarmade, Inc. Pursuing Deal Expected to be Highly Accretive for Shareholders.
About this update from Sugarmade, Inc.
[{"type":"text","content":"\nNEW YORK, Nov. 16, 2018 (GLOBE NEWSWIRE) -- via CannabisNewsWire – CannabisNewsAudio announces the Audio Press Release (APR) titled “Hydroponics Increasingly Key as Booming Cannabis Sector Goes to Next Level,” featuring Sugarmade, Inc. (OTCQB: SGMD).\n To hear the CannabisNewsAudio version, visit: http://cnw.fm/3Jx0W To read the full editorial, visit: http://cnw.fm/f4D9S Sugarmade will retain all employees and completely assume all operations and liabilities via the acquisition. The company anticipates that the Sky Unlimited deal will be highly accretive for shareholders and has further increased the previous 500 percent annual revenue growth projection made back in July, of $30 million during 2019, to a whopping $70 million. This handsome increase owes a lot to how easily integrated the parallel business lines of Sky Unlimited and Athena are to SGMD’s existing model, as well as the extent to which the deal will allow Sugarmade to not only access the larger commercial cultivation market more directly but also enhance its emphasis on brands in a market where brand loyalty still means a great deal. Scheduled for January 2019, the deal is subject to an extensive audit of the Sky Unlimited operations, but confidence is high that this latest acquisitive foray by Sugarmade will spell share price appreciation gold for the company’s shareholders. In fact, things are apparently looking so good overall for the company that management has begun positioning for a potential NASDAQ uplisting, tapping the requisite legal team to expedite the process. 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 on the company’s products, please visit www.Sugarmade.com. About CannabisNewsWire (CNW) 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. CNW is uniquely positioned in ...