Sugarmade Appoints New Board and Audit Committee Member Following Binding LOI to Acquire $70M in Real Estate and Launch Multimedia Flex Space Brand
March 02 2023 - 8:30AM
InvestorsHub NewsWire
Sugarmade Appoints
New Board and Audit Committee Member Following Binding LOI to
Acquire $70M in Real Estate and Launch Multimedia Flex Space
Brand
NEW YORK, NY -- March 2, 2023 --
InvestorsHub NewsWire -- Sugarmade, Inc. (OTC
Pink: SGMD) ("Sugarmade," "SGMD" or the "Company"),
a product
and branding marketing company investing in operations and
technologies with disruptive potential, is pleased to announce that
the Company has appointed Darren Kenney as Independent Director and
Audit committee member.
The Company sought out Mr. Kenney for his expertise to ensure the
accuracy and integrity of Sugarmade's financial affairs as the
Company embarks on an aggressive growth strategy. Mr. Kenney
accepted that invitation and the Board has established a formal
resolution confirming his new role.
Sugarmade CEO, Jimmy Chan, stated, "This is another important step
toward fulfilling the uplisting requirements to advance Sugarmade
onto the OTCQB exchange as well as an essential factor in expanding
our accounting and reporting capabilities as we pursue new
acquisitions and prepare for a future uplisting onto the Nasdaq
exchange."
Kenney, 58, is an experienced CPA and licensed Real Estate Broker
in the State of California. He has successfully built and sold
three accounting practices over the past 30 years. During the late
1980's, in public accounting, he consulted with GTE (now Verizon),
Saks Fifth Avenue, and CalTrans. He served as a primary broker for
two mortgage companies from 2007 to 2010. Starting in 2010, he
joined the board of a local non-profit where he sat for 10 years.
From 2013 to 2017, he created and operated SYA Consultants Inc, a
Florida corporation, to help small business clients acquire in
excess of $50,000,000 in capital financing.
Kenney added, "Thank you for inviting me to join Sugarmade. I am
honored to accept your invitation and look forward to working with
you and the other members of the Board and Audit Committee. I am
excited to contribute my expertise and knowledge to help ensure the
accuracy and integrity of Sugarmade's financial reporting, and I
understand the important role that the Audit Committee plays in
overseeing the company's financial affairs and ensuring compliance
with legal and regulatory requirements."
About
Sugarmade
Sugarmade, Inc. (OTC
Pink: SGMD) is a product and branding marketing company
investing in operations and technologies with disruptive potential.
Our brand portfolio includes CarryOutSupplies.com, SugarRush™, J
Grade Farm and Lemon Glow.
For more information,
please visit www.Sugarmade.com.
FORWARD-LOOKING
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,
uncontrollable forces of nature 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.
Corporate
Contact:
Jimmy Chan
+1-(888)-982-1628
info@Sugarmade.com
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