Sugarmade Inc. SGMD Archives - Page 8 of 20

WednesdaySep 30, 2020 10:24 am

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Signs Agreement for Property to Use for Planned Cannabis Cultivation

Sugarmade (SGMD) a leading, multidivisional/multiproduct/multisector supply company, has entered into a property lease agreement with LMK Capital LLC. The agreement includes five acres of cropland located in Northern California, which has been zoned for cannabis cultivation. Sugarmade plans to use the property to operate a licensed cannabis production business, which it anticipates may produce up to 3.6 million grams of high-quality cannabis flower annually. The company’s strategic plan calls for marketing the cannabis as both white-label and branded cannabis products through various distributors. Among those distributors will be BudCars Cannabis Delivery Service (“BudCars”), a cannabis delivery company that is seeing…

WednesdaySep 23, 2020 10:59 am

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Signs LOI, Plans to Operate California Cannabis Cultivation Facility

Sugarmade Inc. (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company announced it has signed a nonbinding letter of intent (“LOI”) to negotiate a definitive lease agreement granting access to an estimated 40 acres of property located in North California. The LOI is with LMK Capital LLC. SGMD announced that it plans to allocate five acres of the parcel for the operation of a licensed, regulated cannabis cultivation company. Sugarmade has other cannabis interests. The company currently owns a 40% stake in BudCars, a cannabis delivery company operating in the San Francisco area; the company also has an option to increase that…

WednesdaySep 09, 2020 2:29 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Has ‘Only Scratched the Surface of What Is Possible’ for BudCars

Sugarmade (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company, has continued to set multiple performance records and achieve disruptive growth through its BudCars Cannabis Delivery Service. A recent article discussing this outlines the company’s strategic initiatives and quotes Sugarmade CEO Jimmy Chan, who stated, “We are pursuing three primary avenues to drive growth: organic execution, geographic expansion, and verticalization of our supply chain. In each case, we continue to make progress. However, at this point, we have only scratched the surface of what is possible over the intermediate term for BudCars given that all of the growth we have booked so…

MondayAug 31, 2020 1:31 pm

QualityStocksNewsBreaks – Sugarmade Inc.’s (SGMD) BudCars Driving Steady Growth

Sugarmade (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company, has announced and continues to expect robust growth and record metrics for its BudCars Cannabis Delivery Service. BudCars is a retail business that offers same-day delivery of a variety of products including edibles, flower, pre-rolls, vapes, tinctures and concentrate across dozens of premium brands. A recent article discussing this reads, “BudCars has reported constant improvement in almost every major metric — from increasing new customers and increasing orders per customer to strong repeat business — since Sugarmade invested in the company earlier this year. This steady growth provides a high degree of…

MondayAug 31, 2020 11:34 am

Sugarmade’s BudCars Anticipates Record-Breaking July Numbers, Continues Three Primary Areas of Growth

SGMD, BudCars cannabis delivery service set to break sales, profits, customer orders records BudCars demonstrating “accelerating growth,’ represents significant period-over-period upside potential Company remains on track to reach $11 million benchmark for annualized sales by the close of calendar Q3 With August wrapping up, Sugarmade (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, expects the month-end numbers for BudCars Cannabis Delivery Service to set multiple performance records for sales, gross profits and total customer orders (http://ibn.fm/aLwaC). “[The] BudCars Sacramento hub continues to demonstrate accelerating growth that suggests we still haven’t really found the…

ThursdayAug 27, 2020 10:22 am

Sugarmade (SGMD) Q3 Numbers Forecast to Hit $11 Million, Thanks to Investment in Cannabis Delivery Service

Company predicts BudCars will reach $650,000 monthly sales milestone; Q3 2020 numbers to top $11 million CEO expects extremely robust growth in July, August; new records across many metrics BudCars has seen steady improvement in almost every major metric Sugarmade Inc. (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, has announced that it expects BudCars Cannabis Delivery Service to hit a $650,000 sales milestone in July (http://ibn.fm/LDXLJ). The company also predicts its Q3 2020 sales numbers will top $11 million. “We believe we have enough visibility and enough data in hand to forecast…

TuesdayAug 18, 2020 12:33 pm

QualityStocksNewsBreaks – Sugarmade Inc.’s (SGMD) BudCars Top Exec Talk Expansion, Strategy on Leading Nationwide Radio Show

Sugarmade (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company, and its BudCars Cannabis Delivery Service was featured on Cannabis Talk 101, a top radio talk show. During the Aug. 14, 2020, program, BudCars CEO Clinton Walker discussed the upcoming opening of BudCars’ newest hub in Los Angeles. In his interview with the show’s four hosts, Walker also shared the company’s strategic plans to expand throughout California and noted the significant impact the company’s partnership with Sugarmade has had on growth and success in the past few months. Apple Podcast notes calls Cannabis Talk 101 the “world’s #1 source for everything cannabis”;…

FridayAug 14, 2020 1:31 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Eyeing Verticalization to Form Solid Line from Farm to Delivery

Sugarmade (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company, has continued to report record growth across “every single metric” for its BudCars Cannabis Delivery Service. While the company continues with breakout growth, it also is focused on vertical integration, in a pending move designed to expand its model from seed to sale. A recent article discussing this reads, “In addition, SGMD is looking to grow BudCars through verticalization. Pending approval from the California Bureau of Cannabis Control, the expansion into cultivation would connect the dots and form a solid product and supply line from farm to delivery that would further cut…

ThursdayAug 06, 2020 10:50 am

QualityStocksNewsBreaks – Sugarmade Inc.’s (SGMD) Cannabis Delivery Service Reports Highest Performance to Date

Sugarmade (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company, has released its July financial report, including record performance numbers for BudCars, the company’s newest acquisition. The cannabis delivery service organization reported more than $660,000 in total gross sales, which represented a 32% sequential monthly top-line growth. The report also included other performance highlights. “Last month featured strong growth in basically every major metric once again for our BudCars segment. We saw an increase in gross margins while demonstrating another breakout month-over-month performance on both the top and bottom line,” said Sugarmade CEO Jimmy Chan in the press release. “Note that April…

MondayAug 03, 2020 2:31 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Revises ‘Expectations to the Upside’ with Dramatic BudCars Growth

Sugarmade (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company, has seen dramatic growth and is working on further geographic expansion since its February acquisition of BudCars, a cannabis retail business that offers same-day delivery of top-shelf product. BudCars’ service currently reaches the communities of Granite Bay, Folsom, Arden Arcade, Carmichael, Citrus Heights, Orangevale and Roseville/Rocklin (http://ibn.fm/vWrTl), and the company is working to expand even further into Southern California. A recent article quotes Sugarmade CEO Jimmy Chan on BudCars’ impressive performance, where he states, “The growth has been so dramatic that we have had to drastically revise our expectations to the upside, which…

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