NetworkNewsBreaks – Sugarmade Inc. (SGMD) Prepares First Closing of BZRTH Acquisition; CEO to Call Special Shareholder Meeting

Sugarmade (OTCQB: SGMD), one of the largest publicly traded hydroponics supply companies moving into the industrial hemp space, today announced that it is now prepared to complete the first closing of its BZRTH, LLC acquisition. As a major supplier to the hydroponic and hemp cultivation sectors, BZRTH produces more than $30 million in annual revenues. In addition, the company is in the process of organizing a special meeting of shareholders to elect new directors, including at least two independent directors with no “material relationship” to the company. “It is an exciting time for Sugarmade, especially as the California licensing and legislative agenda continue to show strong promise. We have aggressive expansion plans and both the first closing of BZRTH and the beginning of hemp cultivation operations in conjunction with Kentucky-based Hempistry, Inc. are major milestones for our company,” Sugarmade CEO Jimmy Chan stated in the news release.

To view the full press release, visit http://nnw.fm/9MlWL

About Sugarmade Inc.

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The company is becoming a leading supplier to the growing hemp and cannabis industries as a non-plant touching provider of cultivation and processing supplies to industry players. The company is in the process of acquiring several leading hemp and cannabis supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator and processor of industrial hemp and hemp distillates and isolates, and operates Carryoutsupplies.com a leader provider to the quick service restaurant industry. For more information, visit the company’s website at www.Sugarmade.com.

NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://nnw.fm/SUGAR

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Latest News

Mexico farm town prepares funerals after 9 Americans slain

Dec 9, 2019

LA MORA, Mexico — Under a strong security presence, this remote farming community prepared to hold the first funerals Thursday for some of the nine American women and children killed by drug cartel gunmen. Dozens of high-riding pickups and SUVS, many with U.S. license plates from as far away as North Dakota, bumped across dirt and rock roads over desert, arid grasslands and pine-covered mountains Wednesday as night fell on this community of about 300 people. Many of the residents are dual U.S. and Mexican citizens who consider themselves Mormon but are not affiliated with The Church of Jesus Christ...

Wisconsin Senate to vote on firing agriculture secretary

Dec 9, 2019

MADISON, Wis. — Wisconsin's Republican-controlled Senate prepared Tuesday to fire the state agriculture secretary appointed by Democratic Gov. Tony Evers, the latest in a series of skirmishes between the governor and the GOP that comes as Wisconsin is losing dairy farmers at a record pace. Republicans and Evers have been fighting since before Evers even took office. Republicans convened a lame-duck session to pass laws weakening Evers' power in December. This summer, Evers used his expansive veto to reshape the GOP-passed state budget, resulting in attempts in court and through a constitutional amendment to weaken his veto authority. And on...

Try something new with uncommonly delicious (and ugly) fruit

Dec 9, 2019

As I savor one of my just-picked American persimmons (Diospyros virginiana), I'm reminded how this fruit — and a few other delectable fruits — would never sell. Why not? Because they're ugly! Although the persimmons hung from the branches as handsome, plump, orange orbs up to a few weeks ago, by now they have shriveled and their skins are darkening to brown and black. The texture and flavor have likewise changed. They once were like dried apricots that have been plumped up in water and then dipped in honey with a dash of spice. Now, they've become mushier, with some...

Nigerian firefighters battle huge blazes at market in Lagos

Dec 9, 2019

LAGOS, Nigeria — Nigerian firefighters were battling two fires that broke out almost simultaneously Tuesday at a busy market in central Lagos, the country's largest city and commercial center. Balogun Market, where the fires erupted, is one of Nigeria's largest textile markets. "We have split our team in two to fight both fires," Ganiyu Olayiwola, head of the Federal Fire Service in Lagos, told The Associated Press. The two fires don't appear to be related, he said, adding that it wasn't immediately clear if there were any casualties. Thick black smoke and flames were shooting up from five-story buildings surrounding...

Millennial Money: Secrets of a Black Friday Shopper

Dec 9, 2019

My husband and I have a Thanksgiving routine. Before the family arrives or the turkey is carved, we gather in the living room. As Christmas music plays in the background, he turns on his laptop, and I mine. That's when the deal hunt begins. Some people cringe at the thought of shopping on Thanksgiving or Black Friday, but I revel in it. Maybe it's because I love a good bargain, or because I write about how to save money. Whatever the reason, I know a lot about Black Friday. And I'd like to share some secrets with you. SHOPPING EARLY...

Search

Deck Biz is an intelligent platform providing international and regional business news updates. You won’t get these insights elsewhere other than Deck Biz.

Contact us: sales@deckbiz.com