CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Advances Toward Nasdaq Exchange Uplisting

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Advances Toward Nasdaq Exchange Uplisting

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today provided an update as it moves toward an uplisting of shares onto a major U.S. exchange following news that Sugarmade’s direct competitor, GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen”), announced on Monday, November 25, that its shares have been approved for listing on the Nasdaq Capital Market (“NASDAQ”). According to the update, company management believes that, following its strategic move to acquire BZRTH, Inc., as well as another acquisition to be announced in the near future, that Sugarmade is very similar to GrowGen, on an overall, consolidated basis, in terms of market segment, scale of operations and financial performance metrics. As a result, Sugarmade believes GrowGen’s move onto the Nasdaq is a very promising signal as the company prepares to uplist its own shares. “The approval of GrowGen shares for the move up onto the Nasdaq market is a great sign for Sugarmade as we prepare to make a similar move,” Sugarmade CEO Jimmy Chan said in the news release. “It’s a positive signal about the hydroponics market and about our overall strategy. It’s time for institutional investors to get heavily involved in the pick-and-shovel ancillary markets surrounding…

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