$SGMD LONG TERM WINNER! (MILLIONAIRE MAKER) Sugarmade signed an LOI to take over a Californian operation – Lemon Glow Company Inc on March 28, 2021. The deal comprises all the assets of Lemon Glow, like real estate of 640 acres based in Lake County, California. Sugarmade earmarks 32 acres of this land for outdoor cannabis cultivation. Both Lemon Grow and Sugarmade agreed to achieve an annual yield of 4,000 pounds of dried cannabis in each acre with an expected total yield of 128,000 pounds. Sugarmade expects to close the deal within 30 days from the date of signing the LOI. It already paid $400,000 for the acquisition. Jimmy said the company is taking all the necessary measures to establish full farm-to-door cannabis operations in the cannabis marketplace of California. otcmarkets.com/filing/html?... The Company and Lemon Glow expect that the annual potential cultivation yield at the property is approximately 4,000 pounds per acre of dry trimmed cannabis flower landsofamerica.com/property...
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