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

Company: Sugarmade Inc. (SGMD)
Category: Stock Spotlights

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://cnw.fm/q1OQD), 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 demands expansion, both in terms of staff and fleet in Sacramento, and in terms of regional expansion into Southern California. As a result, we are acquiring two distribution hub locations in the LA area with cannabis licenses included so we can hit the ground running” (http://cnw.fm/1hYwP).

To view the full article, visit http://cnw.fm/BdATk

About Sugarmade Inc.

Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. More information on Sugarmade can be accessed at: www.Sugarmade.com. Sugarmade sees opportunities in business operations that combine the best areas of on-demand consumer distribution with certain areas of synergistic manufacturing and packaging to create a business model that capitalizes on the many changes in the cannabis industry. The company has made agreements with several market participants, which will be announced in 2020. The company views these opportunities as scalable and capable of producing strong revenue growth.

NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://cnw.fm/SUGAR

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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