SeeThruEquity
Initiates Coverage on Sugarmade,
Inc.
Monrovia, CA.
-- September
12, 2018 -- InvestorsHub
NewsWire -- Sugarmade,
Inc. (USOTC:SGMD),
one
of the
largest publicly traded hydroponics supply
companies, today
announced
SeeThruEquity
has
initiated coverage on the Company with a price target of $0.30,
with the reporting adding, "Sugarmade appears
well-positioned to target the large and growing opportunity to
supply hydroponics equipment and supplies to the
legal
cultivation market in
the United States through its master marketing agreement
with BizRight."
Jimmy Chan, CEO
of Sugarmade
commented,
"Having Sugarmade
highlighted by
SeeThruEquity
is
important to this management team. Over the past two years,
Sugarmade has almost completely restructured. We have entered one
of the fast growing sectors of the American economy, reduced debt
levels, added a significant number of personnel, moved our
headquarters, and most importantly, positioned our Company for
substantial growth. Based on our growth rates, we now believe our
$30 million revenue guidance for next year is very conservative. We
welcome SeeThruEquity's
research
coverage and look forward to supplying its analyst a steady stream
of news on
high
quality developments regarding our
progress.
SeeThruEquity
analysts
have placed a price target on Sugarmade
common
shares at $0.30, which represents a potential
upside of 130.8% from the recent price of $0.13 on September 3,
2018. In
the report, the firm further outlines expectations for the market
in the 29 US states where regulations and laws have been
relaxed. The
outlook is impressive with the market expected to grow from $9.2
billion in 2017 to $47.3 billion by 2027. The
report can be viewed at http://www.seethruequity.com.
Mr. Chan continued,
"We share SeeThruEquity's
view of
our chosen marketplace. We see continued growth in the states that
have already opened up to legalization and additional growth as the
remaining states and Europe relax regulations."
About Sugarmade, Inc.
(USOTC:SGMD):
Sugarmade, Inc. is a
product and brand marketing company investing in products and
brands with disruptive potential. Sugarmade's
brands
include ZenHydro.com, CarryOutSupplies.com, and
BudLife
Storage
Solutions. For more information
on the Company's products, please visit http://www.Sugarmade.com.
For inquiries please
contact Jimmy Chan at (888) 982-1628 or info@Sugarmade.com.
STATEMENTS:
This
release contains "forward-looking statements" within the meaning of
the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements also may
be included in other publicly available documents issued by the
Company and in oral statements made by our officers and
representatives from time to time. These forward-looking
statements are intended to provide management's current
expectations or plans for our future operating and financial
performance, based on assumptions currently believed to be valid.
They can be identified by the use of words such as "anticipate,"
"intend," "plan," "goal," "seek," "believe," "project," "estimate,"
"expect," "strategy," "future," "likely," "may," "should," "would,"
"could," "will" and other words of similar meaning in connection
with a discussion of future operating or financial performance.
Examples of forward looking statements include, among others,
statements relating to future sales, earnings, cash flows, results
of operations, uses of cash and other measures of financial
performance.
Because
forward-looking statements relate to the future, they are subject
to inherent risks, uncertainties and other factors that may cause
the Company's actual results and financial condition to differ
materially from those expressed or implied in the forward-looking
statements. Such risks, uncertainties and other factors include,
among others such as, but not limited to economic conditions,
changes in the laws or regulations, demand for products and
services of the company, the effects of competition and other
factors that could cause actual results to differ materially from
those projected or represented in the forward looking
statements.
Any forward-looking
information provided in this release should be considered with
these factors in mind. We assume no obligation to update any
forward-looking statements contained in this report.