CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Releases H1 2019 Data for Recent BZRTH Acquisition Revealing Over $15M Sales, 25% Sequential Revenue Growth
Nov 12, 2019
Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today released full financial performance data for its recent acquisition of BZRTH, a leading hydroponics ecommerce supplier. Per the update, data for the six months ended June 30, 2019, reveal net profitability on sales exceeding $15 million, which represents 25% revenue growth on a sequential six-month period basis. “We are very happy to present our shareholders and current and prospective investors with a quantitative overview of the financial performance we are integrating as we assimilate BZRTH into Sugarmade,” Jimmy Chan, CEO of Sugarmade, said in the news release. “If any doubts remained about the strategic merits of this transaction, hopefully they will be soundly put to bed by the top and bottom line performance we are revealing today.”
To view the full press release, visit http://cnw.fm/f2N2b
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 industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural 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 of industrial hemp, 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://cnw.fm/SUGAR
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