QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Files Disclosure Statement with SEC Regarding Potential Acquisitions in Hydroponic Supply Sector
Hydroponic supply company Sugarmade, Inc. (OTC: SGMD) this morning announced the filing of a disclosure statement with the Securities & Exchange Commission concerning multiple possible acquisitions. Per the update, Sugarmade has entered into formal acquisition negotiations with two companies that provide online and retail hydroponic and other agricultural cultivation supplies. “The hydroponic supply sector is still highly fragmented with many of the larger players not likely to reach public company liquidity events for the original entrepreneurial teams,” Jimmy Chan, CEO of Sugarmade, stated in the news release. “We have entered into talks with at least two of these companies for…