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Sugarmade Appoints New Board and Audit Committee Member Following Binding LOI to Acquire $70M in Real Estate and Launch Multimedia Flex Space Brand
Sugarmade Appoints New Board and Audit Committee Member Following Binding LOI to Acquire $70M in Real Estate and Launch Multimedia Flex Space Brand.
About this update from Sugarmade, Inc.
Sugarmade Appoints New Board and Audit Committee Member Following Binding LOI to Acquire $70M in Real Estate and Launch Multimedia Flex Space Brand /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Sugarmade Appoints New Board and Audit Committee Member Following Binding LOI to Acquire $70M in Real Estate and Launch Multimedia Flex Space Brand PR Newswire NEW YORK, March 2, 2023 NEW YORK, March 2, 2023 /PRNewswire/ -- Sugarmade, Inc. (OTC Pink: SGMD) ("Sugarmade," "SGMD" or the "Company"), a product and branding marketing company investing in operations and technologies with disruptive potential, is pleased to announce that the Company has appointed Darren Kenney as Independent Director and Audit committee member. This is another important step toward fulfilling the uplisting requirements to advance Sugarmade onto the OTCQB exchangeThe Company sought out Mr. Kenney for his expertise to ensure the accuracy and integrity of Sugarmade's financial affairs as the Company embarks on an aggressive growth strategy. Mr. Kenney accepted that invitation and the Board has established a formal resolution confirming his new role. Sugarmade CEO, Jimmy Chan, stated, "This is another important step toward fulfilling the uplisting requirements to advance Sugarmade onto the OTCQB exchange as well as an essential factor in expanding our accounting and reporting capabilities as we pursue new acquisitions and prepare for a future uplisting onto the Nasdaq exchange." Kenney, 58, is an experienced CPA and licensed Real Estate Broker in the State of California. He has successfully built and sold three accounting practices over the past 30 years. During the late 1980's, in public accounting, he consulted with GTE (now Verizon), Saks Fifth Avenue, and CalTrans. He served as a primary broker for two mortgage companies from 2007 to 2010. Starting in 2010, he joined the board of a local non-profit where he sat for 10 years. From 2013 to 2017, he created and operated SYA Consultants Inc, a Florida corporation, to help small business clients acquire in excess of $50,000,000 in capital financing. Kenney added, "Thank you for inviting me to join Sugarmade. I am honored to acce...