Sugarmade Inc. SGMD Archives - Page 7 of 20

ThursdayNov 05, 2020 12:52 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Undertakes Marketing Analysis Ahead of Planned BudCars Expansion

Sugarmade (OTCQB: SGMD) today announced that, in anticipation of the planned expansion of the BudCars cannabis delivery service into new territories, it has undertaken an analysis of the efficacy of marketing spending relative to market size and population for the existing BudCars regional delivery footprint. According to the update, Sugarmade believes this may provide some insight into performance benchmarks and expectations related to the anticipated expansion into the North San Francisco Bay Area and the Wine Country counties, followed by Los Angeles. “We are very confident in the ROI associated with spending on BudCars marketing in connection with BudCars’ expansion,”…

WednesdayNov 04, 2020 2:37 pm

Sugarmade Inc. (SGMD) Issues Letter to Shareholders on Upcoming Expansion Steps

SGMD shareholder letter outlines building blocks of strategic vision Chan talks about two themes: geographic expansion for BudCars and Sugarmade’s move to cultivation operations BudCars is expanding into North San Francisco Bay area and wine country counties, then Los Angeles In a letter to shareholders thanking them for their support, Sugarmade (OTCQB: SGMD) CEO Jimmy Chan outlined the “building blocks of a coherent and cohesive strategic vision” and noted that the company is putting in motion “key next steps to manifest that vision and drive strong and sustained shareholder value as a key emerging leader in the California cannabis marketplace”…

TuesdayOct 27, 2020 2:10 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Has ‘Strategic Pieces in Place to Capitalize on Cultivation’

Sugarmade (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company, recently entered into an agreement to lease five acres of land in Northern California (https://ibn.fm/d1XdV). SGMD intends to use the property, which is zoned for cannabis cultivation, to establish and operate licensed production with the capacity to produce as much as 3.6 million grams of high-quality cannabis flower per year. “We believe we have all of the strategic pieces in place to capitalize on cultivation, with the market currently chronically undersupplied,” Sugarmade chairman of the board, CEO and CFO Jimmy Chan said in an update. “We also have relationships in place, especially through…

WednesdayOct 14, 2020 11:12 am

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Releases BudCars Q3 Numbers, Report Highlights Sales Records for Burgeoning Business

Sugarmade (SGMD), a leading, multidivisional/multiproduct/multisector supply company, has shared a preannouncement of financial numbers for its BudCars Cannabis Delivery Service (“BudCars”). The announcement notes several new sales records. Highlights of the report include gross receipts reaching nearly $2 million, with more than 60% growth being reported in net sales, customer orders and gross profits on a quarter-to-quarter basis. BudCars has been consistently tracking ahead of expectations, the announcement states, with geographic expansion being a key component to continued growth and success. The company has plans in place to expand into the North San Francisco Bay Area as well as nearby…

MondayOct 12, 2020 11:58 am

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Updates Shareholders on Two Key Initiatives

Sugarmade (OTCQB: SGMD), today issued a letter to its shareholders, on behalf of its CEO Jimmy Chan, that provided an update on coming expansion steps in regard to its BudCars delivery service as well as the company’s vertical integration. “Today, I want to highlight two themes that will help to drive our value proposition for shareholders over the intermediate term: geographic expansion for BudCars and our move to vertically integrate through the establishment of cultivation operations. Together, they represent tangible catalysts driving both top and bottom-line growth,” Chan stated in the update. “These are exciting times for Sugarmade. We have…

MondayOct 12, 2020 11:39 am

Sugarmade (SGMD) Numbers In Line with Cannabis Industry Increasing Projections

Projections for U.S. retail sales of medical, recreational cannabis on pace to reach $15 billion by end of 2020 SGMD seeing consistent growth in numbers, supporting expert predictions CEO reports “increase in gross margins while demonstrating another breakout month-over-month performance on both the top and bottom line” Even with the global COVID-19 pandemic causing a speed bump, projections for the retail sales of medical and recreational cannabis in the United states are on pace to reach $15 billion by the end of 2020 (https://ibn.fm/tqh6O). Those numbers, which are an increase of approximately 40% over 2019 sales figures, may not surprise Sugarmade…

FridayOct 09, 2020 10:48 am

Sugarmade, Inc. (SGMD) Leases Property with Plans for Licensed Cannabis Cultivation Operations

SGMD signs agreement to lease five acres of land in Northern California Company preparing required documentation to apply for approval for construction of greenhouses, processing building Sugarmade to market cannabis as both white-label and branded cannabis products; also likely be distributed through BudCars Cannabis Delivery Service Sugarmade (OTC: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, has signed an agreement to lease five acres of land in Northern California (https://ibn.fm/Sd9Kk). SGMD intends to use the property, which is zoned for cannabis cultivation, to establish and operate a licensed cannabis production business capable of producing…

ThursdayOct 08, 2020 3:06 pm

QualityStocksNewsBreaks – Sugarmade Inc.’s (SGMD) BudCars Featured on ‘Cannabis Talk 101’

Sugarmade’s (OTCQB: SGMD) BudCars Cannabis Delivery Service was spotlighted during a recent episode of “Cannabis Talk 101.” BudCars founder and CEO Clinton Walker joined the program to discuss the history, future and impressive potential of the budding business in which Sugarmade holds strategic investment. Among other highlights, Walker discussed the upcoming opening of LA BudCars and the company’s planned expansion around the state. “We are a Northern California premier cannabis delivery service,” he said during the program. “We procure some of the best flower, edibles, concentrate. We make sure that we deliver with great service and good quality. And we’ve…

MondayOct 05, 2020 11:33 am

Sugarmade (SGMD) 8K Filing Notes Status, Potential of Upcoming LA-Based Cannabis-Delivery Locations

SGMD has filed updated Form 8K Current Report with SEC Filing includes information about issues related to company’s status, including planned expansion of BudCars cannabis-delivery service Sugarmade sees “major business opportunities out of both sites once operations begin” Sugarmade (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, has released the publication of a Form 8K Current Report filing with the United States Securities and Exchange Commission (“SEC”) (https://ibn.fm/Ngrsg). The filing includes specific information about several issues related to the company’s performance and outlook, including planned expansion of the BudCars cannabis delivery service.…

ThursdayOct 01, 2020 1:20 pm

Sugarmade Inc. (SGMD) Garners Accolades by BudCars CEO on Top Cannabis Nationwide Radio Show

BudCars CEO featured guest during “Cannabis Talk 101” show SGMD partnership allowed company to “focus on growth” Walker recognizes Sugarmade’s great accounting, management team The history and future of BudCars Cannabis Delivery Service was spotlighted during a recent “Cannabis Talk 101” episode. BudCars founder and CEO Clinton Walker was a featured guest on the global podcast, which is broadcast on major media networks and top podcast distribution hubs. The impressive potential for BudCars bodes well for Sugarmade (OTCQB: SGMD), which has invested in the burgeoning business. “We are a Northern California premier cannabis delivery [service],” explained Walker, during the program.…

Site Search

Company Search

Tag: Sugarmade Inc. SGMD