News & Videos - SUGARMADE INC. SGMD - Page 2

MONROVIA, Calif., Feb. 12, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Sugarmade, Inc. (OTC:SGMD) (“Sugarmade,” “SGMD” or the “Company”), an innovator in the dynamic California cannabis scene, today announces it is launching a new business initiative for the licensed delivery of cannabis products to consumers in the Los Angeles metropolitan area. Via a definitive agreement closed on Feb. 8, 2021, the Company has acquired a 70% stake in the Lynwood, California, operations of Nug...

MONROVIA, Calif., Jan. 06, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Sugarmade, Inc. (OTCMKTS:SGMD) (“Sugarmade” or the “Company”) is pleased to issue the following Letter to Shareholders: Dear Valued Shareholder, We would like to express our gratitude for your patience and commitment as we continue to steer Sugarmade into what we hope will be a leadership role in the rapidly growing cannabis marketplace as a vertically integrated farm-to-door solution for cannabis consumers. 2020...

MONROVIA, Calif., Nov. 05, 2020 (GLOBE NEWSWIRE) -- via InvestorWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”) today announced that in anticipation of the planned expansion of the BudCars cannabis delivery service into new territories, Sugarmade has undertaken an analysis of the efficacy of marketing spending relative to market size and population for the existing BudCars regional delivery footprint. Sugarmade believes this may provide some insight into...

NEW YORK, Oct. 14, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), and its BudCars Cannabis Delivery Service (“BudCars”), is pleased to provide shareholders with a preannouncement of BudCars’ performance for the three months ended Sept. 30, 2020, which featured steadily strong gross margins, nearly $2 million in gross receipts, and more than 60% growth in net sales, customer orders and gross profits on a...

NEW YORK, Oct. 12, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCMKTS:SGMD) (“Sugarmade”, “SGMD”, or the “Company”) is pleased to issue the following Letter to Shareholders on behalf of the CEO: Dear Valued Shareholder, This is an exciting moment in the history of Sugarmade. We have assembled the building blocks of a coherent and cohesive strategic vision, and we are more grateful than ever for your continued patience, commitment, and support as we put in motion...

NEW YORK, Sept. 30, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCMKTS:SGMD) (“Sugarmade”, “SGMD”, or the “Company”) is pleased to announce that the Company has entered into a lease agreement with LMK Capital, LLC (“LMK”) for 5 acres of cropland in Northern California (the “Property”) that is zoned for cannabis cultivation. Jimmy Chan, Sugarmade’s chairman of the board, chief executive officer, chief financial officer and majority stockholder, is also...

NEW YORK, Sept. 23, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTC: SGMD) (“Sugarmade” or the “Company”) is excited to announce the signing of a nonbinding Letter of Intent (the “LOI”) with LMK Capital, LLC (“LMK”). Sugarmade and LMK have agreed to work toward the negotiation of a definitive lease agreement for access to as much as 40 acres of property in Northern California. The Company intends to use 5 acres of the property to operate a regulated and licensed...

NEW YORK, Aug. 18, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), and its BudCars Cannabis Delivery Service (“BudCars”), is excited to announce that BudCars top executive, Clinton Walker, was featured on “Cannabis Talk 101” on Friday, Aug. 14, 2020. Cannabis Talk 101 is a leading global podcast featured on multiple major media networks and all top podcast distribution hubs. The show can be found here . On the...

NEW YORK, Aug. 06, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade,” “SGMD,” or the “Company”), and its BudCars Cannabis Delivery Service (“BudCars”), is pleased to provide shareholders with fresh performance data following the conclusion of another strong month in July, which featured over $660K in total BudCars gross sales ($537K, net of sales taxes), representing 32% sequential monthly top-line growth, with both total sales and gross...

NEW YORK, July 31, 2020 (GLOBE NEWSWIRE) -- via NetworkWire -- Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade,” “SGMD,” or the “Company”) announces the publication of a new Form 8K Current Report filing (the “8K”) with the United States Securities and Exchange Commission (the “SEC”) highlighting specific information about multiple issues pertinent to the Company’s performance and outlook. The 8K covers information about the Company’s reported purchase orders for non-medical...

NEW YORK, July 23, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”) announces the publication of a new Form 8K Current Report filing (the “8K”) with the United States Securities and Exchange Commission (the “SEC”) highlighting specific information about the Company’s investment position in Indigo Dye Group, Inc (“Indigo’). Indigo carries on business as a cannabis delivery service under the name...

NEW YORK, July 16, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), and its BudCars Cannabis Delivery Service (“BudCars”), is excited to issue a mid-month performance update for the month of July, which is now on pace to set multiple new Company performance records for sales, gross profits, and total customer orders. As of July 14, the Company is now on pace to meet or exceed its target of $650,000 in total sales...

NEW YORK, July 08, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), and its BudCars Cannabis Delivery Service (“BudCars”), is pleased to provide updated revenue expectations for July and calendar Q3 BudCars performance. Based on robust growth and underlying data trends witnessed in May and June, and continued very strong performance underway so far in July, management now forecasts continued month-over-month...

NEW YORK, July 01, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), and its BudCars Cannabis Delivery Service (“BudCars”), is pleased to provide current and prospective shareholders with BudCars performance data for the month of June, which featured over $500K in total sales, representing 36% sequential monthly top-line growth, with total sales and profits now growing by more than 30% m/m for the third consecutive...

NEW YORK, June 26, 2020 (GLOBE NEWSWIRE) -- via NetworkWire -- Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade,” “SGMD” or the “Company”) issues the following letter on behalf of the CEO: Dear Valued Shareholder, Allow me to begin by expressing our most sincere gratitude to our committed shareholders for your loyalty and patience as we gear up for continued expansion at Sugarmade. As we have discussed in our recent corporate communications, our BudCars business is experiencing tremendous...

NEW YORK, June 23, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), and its BudCars Cannabis Delivery Service (“BudCars”), is excited to announce that the Company is submitting an application to the California Bureau of Cannabis Control to expand into cannabis cultivation as part of a strategic plan to partially verticalize its BudCars model, a process that management strongly believes will further increase the...

NEW YORK, June 16, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), and its BudCars Cannabis Delivery Service (“BudCars”), is excited to announce record growth in gross profits and gross profit margins for BudCars sales during the month of May (up 46% on a sequential month-over-month basis), and continued strong signals so far during the first half of June, with gross profits growing 9.9% on a week-over-week basis....

NEW YORK, June 04, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), and its BudCars Cannabis Delivery Service (“BudCars”), is excited to announce record growth data for BudCars sales during the month of May, with the Company posting nearly 30% sequential monthly growth over April sales, continuing the rapid growth trend in place since management invested capital, time, and resources into BudCars in February. The...

NEW YORK, May 13, 2020 (GLOBE NEWSWIRE) -- Sugarmade Announces Record 58% Month-Over-Month BudCars Sales Growth Ahead of LA Launch NEW YORK, May 13, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), and its BudCars Cannabis Delivery Service (“BudCars”), is excited to announce record growth data for BudCars sales during the month of April, with sales growing 58% on a sequential monthly basis over March sales on an...

NEW YORK, May 06, 2020 (GLOBE NEWSWIRE) -- America Prepares to Reopen and Needs Sanitary and Non-Medical Personal Protective Supplies – Sugarmade Receives $10 Million in New Orders NEW YORK, May 6, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), today announces the receipt of over $10 million in new orders for consumable sanitary supplies and non-medical personal protective items, as America prepares to get back to...