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Sugarmade Signs Binding LOI to Enter Rare Cannabinoid

Sugarmade Signs Binding LOI to Acquire Cultivation Operation with Potential for 64 Tons of Cannabis Flower Production Per Annum

Sugarmade Signs Binding LOI to Acquire Cultivation Operation with Potential for 64 Tons of Cannabis Flower Production Per Annum April 01, 2021 08:30 ET | Source: Sugarmade, Inc. Sugarmade, Inc. City of Industry, California, UNITED STATES NEW YORK, April 01, 2021 (GLOBE NEWSWIRE) via InvestorWire Sugarmade, Inc. (OTCMKTS:SGMD) (“Sugarmade,” “SGMD” or the “Company”) is excited to announce the signing of a Binding Letter of Intent (the “LOI”) for the acquisition of Lemon Glow Company, Inc., a California corporation (“Lemon Glow”), including all of Lemon Glow’s assets, interests, property, and rights, which includes six-hundred-forty (640) acres of real estate (the “Property”) located in Lake County, California, outside of the Commercial Cannabis Cultivation Exclusion Zones.

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