Proposed Transaction involves $70 million in real estate holdings and the launch of new state-of-the-art multimedia flex space brand, TheMediaBox
NEW YORK, Feb. 23, 2023 /PRNewswire/ — 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 it has entered into a Binding Letter of Intent (the “LOI”), dated February 21, 2023, to acquire the real estate assets and businesses of Treasure Mountain Holdings, LLC (“Treasure Mountain“), and Victorville Treasure Holdings, LLC (“Victorville Treasure”).
Management believes the full resolution of this strategic process (the “Proposed Transactions”) will result in two new dynamic growth-oriented business entities: a legacy OTC company engaged in the legal cannabis marketplace and a new NASDAQ listed…
