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CannabisNewsBreaks – Sugarmade Inc. (SGMD) Verticalizing Operations, Expanding End-Market Access in California Cannabis Delivery Marketplace

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

Sugarmade (OTC: SGMD), an innovator in the dynamic California cannabis sector, is leveraging the combination of NUG Avenue’s high performance and new delivery technology as it moves forward with expansion plans. NUG, which opened its doors at its initial location in March 2021, had gathered more than 10,000 unique members by the end of June 2021. This growth has only increased. NUG Avenue has also added new technology designed specifically to strengthen the company’s competitive advantage in its core delivery zone. Additionally, SGMD has submitted all documentation for the opening of a second NUG Avenue location. The company’s management is also looking for additional properties for further expansion, including outside of the LA marketplace. “Expanding NUG Avenue isn’t the only growth in Sugarmade’s future. The company is taking active steps toward the first planting at its subsidiary Lemon Grow, a large 640-acre outdoor cultivation site,” reads a recent article. “Sugarmade has set its eyes on expanding its end-market access as a central player in the growing California cannabis delivery marketplace while also developing its in-house cannabis production capacity to verticalize operations in the space.”

To view the full article, visit https://cnw.fm/RZfQB

About Sugarmade Inc.

Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s brand portfolio includes CarryOutsupplies.com, SugarRush, NUG Avenue, Lemon Glow, and Budcars. For more information, please visit www.Sugarmade.com.

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

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