Sugarmade Inc. SGMD Archives - Page 6 of 20

ThursdayJul 22, 2021 12:30 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Issues Shareholder Update Outlining Growing Nug Avenue Operations, Strides Toward Vertical Integration

Sugarmade (OTC: SGMD), an emerging leader in the vertically integrated cannabis marketplace based in California, today updated current and prospective shareholders on its growing Nug Avenue operations. The update also included progress on the company’s continued strides toward verticalizing its model through the acquisition of California cannabis licenses and potentially establishing commercial operations in the cannabis delivery market outside of the state of California. “We will have more details on Nug Avenue performance soon, but we wanted to report our strong progress and let our shareholders know that we are quickly establishing a brand presence in the Los Angeles cannabis…

FridayJul 16, 2021 9:00 am

Sugarmade Inc. (SGMD) Makes Mark in Expanding LA Cannabis Delivery Space

Cannabis sales in California hit $4.4 billion last year, up 57% from the year prior. Consumers are relying on home delivery for many goods, including cannabis. With its Nug Avenue acquisition, SGMD plans to make significant impact on LA cannabis delivery marketplace. Boasting the largest state economy in the country and the sixth largest economy in the world, California also tops the global marijuana market, with a Forbes article reporting that cannabis sales in the state hit$4.4 billion last year, up 57% from the year prior (https://ibn.fm/Dj8Rl). With much of that growth driven by increased use of delivery services as…

ThursdayJul 15, 2021 12:04 pm

Sugarmade Inc.’s (SGMD) Acquisition Strategy Moves Company Closer to Realizing Full Farm-to-Door Model

Most recently SGMD signed MOU to obtain three non-storefront California cannabis licenses. Sugarmade plans to open three new Nug Avenue cannabis delivery hubs in the Los Angeles metro area. In May, the company completed the acquisition of Lemon Glow Company Inc., along with all of its assets, interests, property and rights. In a series of strategic acquisitions, Sugarmade Inc. (OTC: SGMD) has strengthened its position as a growing presence in the California cannabis sector. The company, which is currently a central player in the state’s expanding cannabis delivery space, is focused on developing a full farm-to-door vertically integrated cannabis business. …

ThursdayJul 08, 2021 10:26 am

QualityStocksNewsBreaks – Why Sugarmade Inc. (SGMD) Is ‘One to Watch’

Sugarmade (OTC: SGMD), an innovator in the dynamic California cannabis sector, is a product and brand marketing company investing in operations and technologies with disruptive potential. The company is focused on collaborating with real people in real time to identify emerging desires and behaviors poised to unlock new pathways and opportunities for growth. “Sugarmade seeks to redefine the marketplace by nurturing an innovative and compelling relationship between brand, botany and business — resulting in both undeniable consumer value and an intriguing cross-pollination of revenue sources,” reads a recent article discussing SGMD. “The company’s core strategic plan is centered on expanding…

TuesdayJun 29, 2021 1:09 pm

Sugarmade, Inc. (SGMD) Is ‘One to Watch’

Sugarmade Inc. aims to expand its end-market access as a central player in the growing California cannabis delivery marketplace while developing its in-house cannabis production capacity to verticalize operations in the space The company has made key cannabis industry investments in NUG Avenue and BudCars On May 17, 2021, Sugarmade announced its entry into a definitive agreement for its acquisition of Lemon Glow Company Inc The Lemon Glow acquisition includes 640 acres of property, 32 of which have already been designated for outdoor cannabis cultivation California’s legal market hit $4.4 billion in sales in 2020, up from $2.8 billion in…

FridayFeb 12, 2021 1:17 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Secures 70% Stake in Nug Avenue, Enters Burgeoning Los Angeles Cannabis Delivery Market

Sugarmade (OTCQB: SGMD), an innovator in the dynamic California cannabis scene, today announced that it is launching a new business initiative for the licensed delivery of cannabis products to consumers in the Los Angeles metropolitan area. Through a definitive agreement that closed on Feb. 8, 2021, the company has acquired a 70% stake in the Lynwood, California, operations of Nug Avenue, a California corporation. “We strongly believe the LA delivery market is the prime spot for expansion of our business,” said Sugarmade CEO Jimmy Chan. “California is the world’s sixth-largest economy, and LA County is by far the most significant…

WednesdayJan 06, 2021 1:20 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Issues Shareholder Letter on Expansion, Progress on Farm-to-Door Verticalization

Sugarmade (OTCQB: SGMD) today issued a letter to its shareholders as it continues to steer the company into what it hopes will be a leadership role in the rapidly growing cannabis marketplace as a vertically integrated farm-to-door solution for cannabis consumers. According to the update, 2020 was a landmark year for Sugarmade as it established, through its investment in Budcars, a distinct and increasingly vertical model for delivering top cannabis-based products to a growing marketplace. Sugarmade believes this marketplace remains under supplied and inconsistently accessible for consumers looking for reliable quality and greater convenience, and the company continues to expand…

ThursdayDec 03, 2020 12:45 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Set to Drive ‘Strong Margins Up and Down the Chain’

Sugarmade (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company, recently secured rights to a property zoned for cannabis cultivation. The company is well on its way to benefit from this move, already in the process of obtaining cannabis cultivation licensing, preparing archaeological and biological surveys, and assembling documentation related to the architectural and engineering plans for construction of greenhouses and a processing building. “We believe we have all of the strategic pieces in place to capitalize on cultivation, with the market currently chronically undersupplied,” said Sugarmade CEO Jimmy Chan in a recent update. “We also have relationships in place, especially through…

WednesdayNov 18, 2020 2:26 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Leveraging ‘Tangible Catalysts’ to Drive Growth

Sugarmade (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company, recently outlined “building blocks of a coherent and cohesive strategic vision” in a letter to shareholders from the company’s CEO Jimmy Chan. In the update, Chan discussed “next steps to manifest that vision and drive strong and sustained shareholder value as a key emerging leader in the California cannabis marketplace” (https://ibn.fm/n5oHs). The letter addressed two themes that Sugarmade is leveraging to drive its value proposition, including geographic expansion of its BudCars delivery service as well as the company’s “move to vertically integrate through the establishment of cultivation operations,” wrote Chan. “Together, they…

MondayNov 09, 2020 2:14 pm

Sugarmade Inc. (SGMD) Reports BudCars Q3 Numbers, Company Continues to Post Record Sales

SGMD releases key numbers for BudCars Q3 2020 financial report CEO reports that company “continues to perform, setting records in basically every key metric we track” BudCars has seen consistent growth since Sugarmade acquired 40% stake in the Sacramento-based cannabis delivery service Steadily growing gross margins, more than 60% growth and $2 million in gross receipts are a few of the highlights in an announcement (https://ibn.fm/8gnHK) made by Sugarmade (OTCQB: SGMD) featuring the Q3 2020 numbers for BudCars Cannabis Delivery Service. SGMD owns a 40% stake in BudCars, along with an option to acquire an additional 30%. “BudCars continues to…

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