Breaking News: Sugarmade to Become the World’s Largest Publicly Traded Cannabis Industry Supply Company

Sugarmade, Inc. (OTCQB: SGMD) is pleased to announce to its investors and to the growing cannabis marketplace, the creation of the industry's largest publically traded cannabis and hydroponics supply company.  Sugarmade has completed a master market agreement with industry leader, BizRight Hydroponics, Inc., a highly successful manufacturer and distributor to the hydroponics and cannabis markets.  BizRight is expected to produce in excess of $30 million in revenues during 2017, with substantial growth expected for 2018.  Sugarmade expects to provide detailed revenue guidance to its investors over the coming weeks.

"We plan to grow Sugarmade right along side the booming legal cannabis sector and this agreement with BizRight, which has been one of the fastest growing companies in this sector, moves Sugarmade and its investors much closer to this goal," commented Mr. Jimmy Chan, Sugarmade's CEO.  "The implementation of this agreement will easily make Sugarmade one of the largest players in this growing marketplace.  As California, and other state markets open up, we see a major opportunity to substantially grow our business operations."

As part of the agreement, Sugarmade will compensate the owners of BizRight cash and Sugarmade common shares depending on revenue gained through the master marketing agreement.  The full "earn out" of shares to be issued to the owners of BizRight will be obtain based on annualized revenues from the agreement of $30 million.  Sugarmade is in process of significantly increasing its financial, accounting and managerial staffs in order to manage the expected significant increase in orders and transactions, and to manage future acquisitions within the cannabis sector, which are currently contemplated. Additionally, the Company will be acquiring additional office and warehouse space to accommodate expected order flow.

Mr. Chan continued, "It is an exciting time to be involved in this industry and we are certainly looking forward to the opening of California recreational marketplace, which should further boost our business. With Sugarmade and BizRight both being located in San Gabriel Valley, which is just outside of Los Angeles, we believe there are many other opportunities for our companies to work together.  To this end, we have also acquired an option to buy the entire BizRight operation in the future."

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