CannabisNewsBreaks – Sugarmade Inc. (SGMD) Moves to Create Dynamic New PubCo Targeting Hospitality, Entertainment and Multimedia Production Sectors

Sugarmade (OTC: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, today announced its entry into a binding letter of intent (“LOI”) to acquire the real estate assets and businesses of Treasure Mountain Holdings, LLC and Victorville Treasure Holdings, LLC. Management believes that the full resolution of this strategic process will result in two new dynamic growth-oriented business entities. These include a legacy OTC company engaged in the legal cannabis marketplace and a new NASDAQ-listed company involved in hospitality, entertainment and multimedia flex-makerspace operations. “This deal will carry multiple synergistic elements and tremendous value creation,” said Jimmy Chan, CEO of Sugarmade. “TheMediaBox is an idea whose time has come, and this is the perfect vehicle to launch it. We are embarking on a new chapter that stands to deliver significant value to our shareholders as we expand our asset base and revenue streams and diversify our model with an eye toward a major exchange listing.”

To view the full press release, visit

About Sugarmade Inc.

Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s brand portfolio includes, SugarRush(TM), J Grade Farm and Lemon Glow. For more information, please visit

NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at

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