CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Acquires BZRTH, LLC as Part of Roll-Up Strategy to Create Dominant Force in $24B Global Hydroponics Market

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Acquires BZRTH, LLC as Part of Roll-Up Strategy to Create Dominant Force in B Global Hydroponics Market

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today announced the closing of its acquisition of BZRTH, LLC, a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. Sugarmade expects that the new combined entity will drive EBITDA profitability, net-positive cash flows, and top-line sales of $37 million on a forward basis. “As of today, Sugarmade is one of the largest publicly traded hydroponics companies in the world,” SGMD CEO Jimmy Chan said in the news release. “The most important idea we want to convey to our committed shareholders right now is that this move was not a one-off deal. It’s part of a multi-step roll-up strategy designed to create the dominant force in this market as we look ahead to a world where hydroponics becomes the difference between success and failure for producers in the rapidly growing market for hemp and hemp-related crops in North America.” To view the full press release, visit http://cnw.fm/BV1bn 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…

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Link to original : CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Acquires BZRTH, LLC as Part of Roll-Up Strategy to Create Dominant Force in B Global Hydroponics Market
reposted by Cannabis News World

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