Sugarmade Inc. SGMD Archives - Page 11 of 20

FridayMay 01, 2020 12:57 pm

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Sees Significant Jump in Budcars Cannabis Deliveries in March

Sugarmade (OTCQB: SGMD) recently acquired a significant stake in Sacramento-based Budcars Cannabis Delivery Service (http://ibn.fm/ttrAi). An article discussing the company reads, “An agreement announced in February 2020 stipulated that Sugarmade would acquire 40% of Budcars and would be granted an option to purchase an additional 30% stake, ultimately providing SGMD with a controlling interest in the growing delivery service, which serves the greater Sacramento metropolitan area. Budcars delivers a wide range of cannabis products to the metropolitan area, where the population is showing growing acceptance of cannabis usage and delivery and scores above the 50 percentile in terms of cannabis…

ThursdayApr 30, 2020 1:14 pm

Sugarmade Inc. (SGMD) Announces Expansion of Cannabis Home-Delivery Service to Southern California

SGMD expanding BudCars Cannabis Delivery Service into LA area Sugarmade forecasts BudCars business to top $30 million in annualized revenues in Sacramento alone Company sees potential for up to 20 new BudCars hubs across California over next two years Sugarmade Inc. (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential and an early pioneer within California’s regulated cannabis industry, announced that its recently acquired BudCars Cannabis Delivery Service is expanding into the Southern California marketplace (http://ibn.fm/o7WiJ). Initially launched in the Sacramento area, the cannabis home-delivery service has seen unprecedented growth in its first…

MondayApr 27, 2020 12:22 pm

Sugarmade Inc. (SGMD) Capitalizes on Growth Opportunities in Regulated Cannabis Market

California’s cannabis-industry designation as essential service leads to sharp increase in industry sales SGMD enjoyed strong start to year; delivery business’ volume grows by more than 300% Company seeking to leverage growth opportunities in delivery services As businesses shuttered and residents sheltered in place, confined to their homes as a result of the COVID-19 worldwide pandemic, the State of California designated the cannabis industry as an “essential” service, allowing those in the cannabis space to continue operating. Sugarmade Inc. (OTCQB: SGMD), an early pioneer within California’s regulated cannabis industry, has been quick to respond to the opportunity. The designation as…

ThursdayApr 23, 2020 11:45 am

Sugarmade Inc.’s (SGMD) Shift Toward Virtualization of Cannabis Sector, On-Demand Economy Pays Off with Dramatic Increase in Volume

SGMD acquires significant stake in Sacramento-based Budcars Cannabis Delivery Service Sugarmade sees dramatic expansion in overall delivery volume; March deliveries top Februray volume by more than 300% Company’s strategy to capture healthy margins, nail down competitive advantage in market share looks to be right move A “new and bold shift in its business strategy” made earlier this year by Sugarmade Inc. (OTCQB: SGMD) appears to have paid off big time for the company. Committed to play in the Hemp and Cannabis space, SGMD announced (http://ibn.fm/LAMBY) that it was moving “toward the virtualization of the cannabis sector as part of the…

ThursdayApr 16, 2020 11:24 am

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) to Expand BudCars into Southern California Marketplace Through Acquisition of Two Greater-LA Locations

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service, today announced the expansion of BudCars into the Southern California marketplace through the acquisition of two locations in the greater Los Angeles area. According to the update, the company’s Sacramento locations have been experiencing dramatic growth, with revenues consistently increasing 10% week-over-week, driven by exploding demand for contactless delivery of cannabis products due to the coronavirus lockdown. At these locations, the company now expects to surpass $30 million in annualized revenues. “Our Sacramento locations will pass the $10 million mark for annualized sales within the next 60-90 days,” Sugarmade CEO…

ThursdayMar 12, 2020 10:35 am

QualityStocksNewsBreaks – Sugarmade, Inc.’s (SGMD) BudCars Sees Sharp Rise in Delivery Demand as Coronavirus Impacts Cannabis Consumer Patterns

Sugarmade (OTCQB: SGMD), together with the BudCars Cannabis Delivery Service, today announced a sharp rise in demand for its cannabis delivery service, driving an associated 10% week-over-week rise in total sales over the past two weeks. According to the update, the company believes this dynamic is being driven by the stay-at-home trend that has emerged in many communities around the world in response to the global COVID-19 outbreak. “The Coronavirus pandemic is undeniably a game-changer for consumer behavior patterns that will likely have long-term implications as it drives new habits into place,” Sugarmade CEO Jimmy Chan, who recently announced a…

WednesdayMar 04, 2020 10:58 am

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Announces 300% Growth in Budcar Delivery Volume, Eyes $15M 2020 Revenue Target

Sugarmade (OTCQB: SGMD) today announced a dramatic 300% sequential monthly jump in delivery volume in BudCars Cannabis Delivery Service in February. According to the update, the rise in volume follows the company’s negotiated agreement toward a controlling stake in Budcars and its investment in expanding the leading delivery service’s operations and reach in Northern California. Provided recent data on growth in daily orders is reliable and indicative of the impact of the company’s recent measures over coming months, management projects a Budcars top-line run-rate capable of surpassing $15 million in sales in 2020. “Some of our shareholders have suggested that…

TuesdayFeb 25, 2020 10:12 am

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) and Budcars Significantly Increase Cannabis Delivery Reach in Northern California

Sugarmade (OTCQB: SGMD), together with cannabis delivery service Budcars, this morning announced a substantial expansion of cannabis delivery services within the Sacramento metropolitan area. The expansion will include adding the communities of Granite Bay, Folsom, Arden Arcade, Carmichael, Citrus Heights, Orangevale, and Roseville/Rocklin this week. “The investment in Budcars and this geographic expansion are just the start of Sugarmade’s moves into California’s regulated cannabis marketplace. With the significant turmoil in California’s cannabis marketplace occurring over the past year and the resulting industry shakeout, we are seeing a host of very attractive investment opportunities. We feel Sugarmade’s capital structure is conducive…

ThursdayFeb 20, 2020 12:12 pm

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Announces Growth Strategy, Eyes Strong Opportunities in Delivery Services, Manufacturing via Co-Branding and Selective Genetic Cultivation

Sugarmade (OTCQB: SGMD) today released statements from its Chief Executive Officer, Jimmy Chan, relating to the company’s growth strategy within the regulated California cannabis marketplace. “The regulated cannabis market in California is changing quickly with new investment and operational opportunities opening as acceptance grows among the public, as the industry moves past its initial growth stage and as the crackdown on black market operators continues,” Chan said in the news release. “Several market sectors where prospects looked bleak only a few months ago now hold strong promise. It is in these areas where we are targeting our investing activities. In…

TuesdayFeb 11, 2020 11:57 am

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Closes Agreement to Acquire Significant Stake in Sacramento-Based Budcars Cannabis Delivery Service

Sugarmade (OTCQB: SGMD) today announced the closing of an agreement to acquire a significant stake in Sacramento-based Budcars Cannabis Delivery Service, owned by Indigo Dye Group Corp. According to the update, Sugarmade will acquire 40% of Budcars for $700,000 and will be granted an option to purchase an additional 30% stake, providing Sugarmade with a controlling interest in the growing delivery service, which serves the greater Sacramento, California metropolitan area. “Many of us have seen the multitudes of negative news stories about problems in California’s regulated cannabis industry. While there certainly are issues, there are also many positive changes happening…

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