Sugarmade Inc. SGMD Archives - Page 5 of 20

FridayOct 01, 2021 1:14 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Leveraging ‘Prime Spot’ for Expansion of Cannabis Delivery Business

Sugarmade (OTC: SGMD), an innovator in the dynamic California cannabis sector, is positioned for opportunity as states that have already legalized cannabis, such as California, are seeing a spike in business due to the overwhelming convenience of product delivery. Sugarmade, as an innovator in the dynamic California cannabis scene with majority control and ownership of cannabis delivery service Nug Avenue, provides hand-selected top-shelf products from Stiiizy, Kanha, PlugPlay, Cookies and more. “Earlier this year, Sugarmade acquired a 70% stake in Nug Avenue, a Lynwood, California-based cannabis delivery operation, and launched a new business initiative for the licensed delivery of cannabis…

MondaySep 27, 2021 9:00 am

Sugarmade Inc. (SGMD) Closes on Property Acquisition, Will Use LA Spot as Nug Avenue Delivery Hub

Cannabis-delivery acquisitions increasing as companies want in on explosive growth of e-commerce cannabis sales CEO announces newly acquired property will serve as location of new SGMD Nug Avenue delivery hub Sugarmade signed MOU for licenses to serve as essential piece of plan to open three cannabis-related commercial operations in California Amid growing interest and acquisition activity in California’s direct-to-consumer cannabis delivery sector, Sugarmade (OTC: SGMD) has closed on its most recent acquisition, a parcel of prime property in Los Angeles, which it plans to use as a new distribution/delivery hub for its Nug Avenue cannabis delivery segment (https://ibn.fm/4jB0F). “The explosive…

ThursdaySep 23, 2021 9:00 am

Sugarmade Inc. (SGMD) Signs Agreement to Gain Key Licenses for Planned Cannabis Delivery Expansion

SGMD anticipates using the licenses for three new vertically integrated Nug Avenue cannabis delivery hubs Each of the licenses can be used for up to three of five categories of licensed cannabis-related business activities Definitive agreement aligns with announcement that Sugarmade has acquired LA property for first of new Nug Avenue cannabis delivery hubs In its continued focus on building is cannabis delivery interests, Sugarmade (OTC: SGMD) has signed a definitive agreement to obtain three nonstorefront California cannabis licenses from the Los Angeles Department of Cannabis Regulation (“DCR”), along with corresponding licenses from the California Bureau of Cannabis Control (“BCC”)…

WednesdaySep 22, 2021 9:00 am

Sugarmade Inc. (SGMD) Releases Shareholder Update Spotlighting Company Milestones

Nug Avenue has picked up more than 10,000 new unique members as of the end of June, significantly exceeding initial projections Sugarmade has opened an escrow account for the purpose of acquiring property in California to be used for delivery hub SGMD has taken steps toward making an offer on licenses for the state of Oregon A growing cannabis delivery service, new commercial licenses and expansion into Oregon were highlights of a recent update provided by Sugarmade (OTC: SGMD). The emerging leader in the vertically integrated California cannabis marketplace released an update for current and prospective shareholders containing details of…

MondaySep 20, 2021 10:38 am

Sugarmade Inc. (SGMD) Ideally Positioned in Billion-Dollar Space ‘Ripe for Cannabis Delivery’

States that have already legalized cannabis are seeing a spike in business thanks to the overwhelming convenience of cannabis delivery Article reports that delivery services can “help surge revenue for retailers that jump in to take advantage” Earlier this year, SGMD launched a new business initiative for the licensed delivery of cannabis products According to a recent article, states that have already legalized cannabis, such as California, are seeing a spike in business thanks to the overwhelming convenience of cannabis delivery (https://ibn.fm/AGyL4). This is great news for Sugarmade (OTC: SGMD), an innovator in the dynamic California cannabis scene with majority…

TuesdayAug 31, 2021 12:00 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Inks Definitive Agreement to Acquire California Cannabis Licenses

Sugarmade (OTC: SGMD), an emerging leader in the vertically integrated cannabis marketplace based in California, has signed a definitive agreement outlining the acquisition of three nonstorefront California cannabis licenses from the Department of Cannabis Regulation (“DCR”) in Los Angeles; the agreement also includes corresponding licenses from the California Bureau of Cannabis Control (“BCC”). Both pieces combined will allow Sugarmade to license and operate three new vertically integrated Nug Avenue cannabis delivery hubs. According to the announcement, each of the three licenses can be used for up to three of the five categories of licensed cannabis-related business activities allowed under the…

TuesdayAug 17, 2021 1:06 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Closes on Acquisition of Property Designated as Second LA Nug Avenue Delivery Hub

Sugarmade (OTC: SGMD), an emerging leader in the vertically integrated cannabis marketplace based in California, has closed on its previously announced acquisition of a Los Angelese property; the company noted that the property has been designated as a new distribution and delivery hub for SGMD’s Nug Avenue cannabis delivery segment. The company has also previously announced the signing of a memorandum of understanding to apply and obtain three non-storefront California cannabis licenses from the Los Angeles Department of Cannabis Regulation; the company is also applying for corresponding licenses from the California Bureau of Cannabis Control. These licenses should provide the…

ThursdayAug 12, 2021 1:11 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Issues Update on Recent Acquisition of Pivotal Asset

Sugarmade (OTC: SGMD), an emerging leader in the vertically integrated cannabis marketplace based in California, today provided current and prospective shareholders with an update on its recent acquisition, Lemon Glow Company Inc. The acquisition included all of Lemon Glow’s assets, interests, property, and rights, including 640 acres of real estate (the “property”) located in Lake County, California, outside of the Commercial Cannabis Cultivation Exclusion Zones. “We are pleased to report that we have been able to successfully comply with the requirements attached to this acquisition process,” said Sugarmade CEO Jimmy Chan. “Lemon Glow is a pivotal asset in our verticalization…

ThursdayAug 05, 2021 11:45 am

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Eyes Making ‘Big Impact on the LA Cannabis Delivery Marketplace’

Sugarmade (OTC: SGMD) is leveraging its position as a 70% stakeholder in NUG Avenue, a Southern California-based cannabis delivery service. This bodes well for the company as consumers are increasingly relying on home delivery for many goods, including cannabis. California, the largest state economy in the country and the sixth largest economy in the world, also tops the global marijuana market. A recent Forbes article reported that the state’s cannabis sales hit $4.4 billion last year, up 57% from the year prior (https://ibn.fm/0MKpB). “We strongly believe the LA delivery market is the prime spot for expansion of our business,” Sugarmade…

FridayJul 30, 2021 12:40 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Moves Closer to Vertically Integrated Cannabis Model

Sugarmade (OTC: SGMD), an innovator in the dynamic California cannabis sector, has made a series of strategic acquisitions to strengthen its positioning in the industry. The company, already a central player in California’s expanding cannabis delivery space, is focused on developing a full farm-to-door vertically integrated cannabis business model. As part of this effort, Sugarmade recently signed a memorandum of understanding to obtain three non-storefront California cannabis licenses from the Los Angeles Department of Cannabis Regulation, as well as corresponding licenses from the California Bureau of Cannabis Control. The combined licenses provide the foundation for the opening of three new…

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