CITY OF INDUSTRY, Calif., –
LATEST NEWS: Sugarmade and BizRight, LLC to Create Largest Public Cannabis Supply Company
Sugarmade, Inc. (OTCQB:SGMD), is proud to announce its plan to create the world’s largest publically traded cannabis industry supply company. Sugarmade and BizRight, LLC, one of the premier distributors and e-commerce marketers to the booming cannabis supply sector, have entered into a Letter of Intent for a Master Marketing Agreement where all BizRight products will be offered by Sugarmade.
Next Year Revs of $45 MIL +
SGMD Plans to Produce Revenues in excess of $45 Million
Jimmy Chan, CEO of Sugarmade said:
“Next year we plan to produce in excess of $45 million in revenues, which will make Sugarmade one of the premier public companies in the cannabis market sector, but this does not include any revenues from the Sriracha Seasoning Stix, Seasoning Stix or BudLife product lines where there could be significant upside. With revenue multiples for comparable public companies easily exceeding 4X or 5X next year’s revenues, we believe it’s easy for most to see the value we plan to create. Thus, we believe this deal will be highly accretive and beneficial to current Sugarmade shareholders, our employees and our trading and manufacturing partners.”
Sugarmade: Who We Are
Sugarmade, Inc. is an E-commerce oriented product and brand marketing company investing in products and brands with disruptive potential. Sugarmade is a party to a license with Huy Fong Foods, Inc. and has an agreement with Huy Fong Foods, Inc. to use the licensed marks for the limited products and purposes permitted by the license. Seasoning Stix are protected by three issued U.S. patents, which are utilized by Sugarmade under agreement from Wyoming-based, Seasoning Stixs International, LLC.
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Contact Person: Dave Donlin
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