Sugarmade Inc. SGMD Archives - Page 10 of 20

TuesdayJun 23, 2020 11:30 am

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Announces Plans to Expand into Cannabis Cultivation in Verticalization of BudCars Model

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service (“BudCars”), today announced that the Company is submitting an application to the California Bureau of Cannabis Control to expand into cannabis cultivation as part of a strategic plan to partially verticalize its BudCars model, a process that management strongly believes will further increase the Company’s gross profitability over the long-term and provide a rapid potential path to branded product development. According to the update, the Company has already secured a property containing a 5,000 square-foot indoor premium cannabis cultivation facility located in very close proximity to its Sacramento BudCars hub.…

TuesdayJun 16, 2020 1:52 pm

Sugarmade Inc. (SGMD) Reports Record Growth, Anticipate Continued Robust Numbers

Company announced its BudCars Cannabis Delivery Service racked up 58% month over month sales growth SGMD CEO notes that “we believe our daily sales in the LA area could triple that figure relatively quickly” In addition to impressive sales figures, Sugarmade maintained extremely strong supplier relationships Sugarmade (OTCQB: SGMD), an early pioneer within California’s regulated cannabis industry, has seen record-breaking sales numbers with its latest cannabis venture: Budcars Cannabis Delivery Service. In a recent announcement, SGMD reported 58% month over month sales growth for the Sacramento-based subsidiary, which is slated to expand into the Los Angeles area this summer (http://ibn.fm/2DzuN).…

TuesdayJun 16, 2020 12:01 pm

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Announces Record BudCars Sales Growth as It Gears Up to Open First LA Hub

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service (“BudCars”), today announced record growth in gross profits and gross profit margins for BudCars sales during the month of May (up 46% on a sequential month-over-month basis). Per the update, the Company continues to experience strong signals during the first half of June, with gross profits growing 9.9% on a week-over-week basis and believes this performance data provides a template for its per unit operational performance anticipated as it prepares for next month’s launch of its first Los Angeles hub. “As we gear up to open our first new hub…

ThursdayJun 04, 2020 10:49 am

QualityStocksNewsBreaks – Sugarmade, Inc.’s (SGMD) BudCars Achieves Record May Sales, Continues to See 10% Week-Over-Week Growth

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service (“BudCars”), today announced record growth data for BudCars sales during the month of May. According to the update, the company posted nearly 30% sequential monthly growth over April sales and continues to see week-over-week sales growth at 10%, which suggests that BudCars will surpass $10 million in annualized sales by the month of August at its Sacramento location. “The top-line growth data has been extremely strong, and we have no reason to expect that to change. But it’s important that our shareholders understand that this is not a delivery service…

FridayMay 29, 2020 12:06 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Featured in Global Small Cap Research Report

Sugarmade (OTCQB: SGMD) was recently the subject of a report conducted by Global Small Cap Research (http://ibn.fm/1Mca5). An article discussing the report reads, “Outlining what it called a ‘near-perfect business world’ for cannabis delivery operators, the report made a strong case by observing that ‘Sugamade is enjoying participation in a rapidly growing market. . . . Few if any, marketplaces are growing faster than cannabis — and the California market is the epicenter of growth.’ The report stated that during 2019, the cannabis market produced approximately $100 billion in U.S sales, with growth projected to top 32% compounded annually over…

ThursdayMay 21, 2020 12:48 pm

QualityStocksNewsBreaks – Sugarmade Inc.’s (SGMD) BudCars Cannabis Delivery Service Expands into LA Area

Sugarmade’s (OTCQB: SGMD) recently acquired BudCars Cannabis Delivery Service announced on April 16 that it was expanding into the Southern California marketplace (http://ibn.fm/o7WiJ). An article discussing the company reads, “‘Our Sacramento locations will pass the $10 million mark for annualized sales within the next 60 to 90 days,’ Sugarmade CEO Jimmy Chan stated in a news release. ‘The growth has been so dramatic that we have had to drastically revise our expectations to the upside, which demands expansion, both in terms of staff and fleet in Sacramento, and in terms of regional expansion into Southern California. As a result, we…

WednesdayMay 13, 2020 10:23 am

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Reports Record Increase in BudCars Sales Ahead of LA Launch, Expects Continued Dramatic Growth

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service, today announced record growth data for BudCars sales during the month of April, with sales growing 58% on a sequential monthly basis over March sales on an average daily volume basis. According to the update, data for the month of May already indicates a strong continuation of that trend, with May sales on pace to add another 16% over and above the strong breakout sales trend seen in April. “We did about $6,000 per day in sales in March and over $9,500 per day in April, representing a very robust…

MondayMay 11, 2020 1:10 pm

Sugarmade Inc. (SGMD) Entering ‘Near-Perfect’ Business World, Enjoying Significant Business Opportunity

April 2020 Global Small Cap Research report offers analysis of SGMD, BudCars Cannabis Delivery Service Report urges investors to watch BudCars recently announced expansion into LA, likely world’s most lucrative market COVID-19 has sent an already growing industry – cannabis delivery services – into overdrive A third-party April 2020 report conducted by Global Small Cap Research has concluded that investors should closely watch Sugarmade Inc. (OTCQB: SGMD), “as it has before it a significant business opportunity.” The report also noted that Sugarmade’s public status can be leveraged to gain advantage in a turbulent industry that has been significantly impacted by…

MondayMay 11, 2020 12:36 pm

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) and Budcars Featured in The Stock Day Podcast to Discuss Potential of On Demand Cannabis Delivery

Sugarmade (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, today announced that its CEO, Jimmy Chan, as well as the CEO of Budcars, Clinton Walker, were featured on The Stock Day Podcast hosted by Everett Jolly. The interview covered various topics, including the strategy to target California and the on demand delivery market, as well as the Sugarmade and Budcars partnership and future outlook. "We're in the process of opening three more locations throughout 2020," Walker said in the interview, when asked where he sees Budcars in one to two years. "We…

WednesdayMay 06, 2020 10:32 am

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Receives $10M in New Orders for Sanitary and Personal Protective Supplies Amidst the Re-Opening of America

Sugarmade (OTCQB: SGMD) today announced its receipt of over $10 million in new orders for consumable sanitary supplies and non-medical personal protective items as America prepares to get back to work. As businesses across the country are scrambling for supplies in preparation to reopen, facing moral and legal obligations to protect their workers, Sugarmade’s CarryOutsupplies.com operating unit is benefiting in helping to meet this demand. “We have never seen anything like this situation. We believe we are in a unique situation relative to the re-opening of America,” Sugarmade CEO Jimmy Chan stated in the news release. “Approximately two months ago…

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