CannabisNewsWire
CannabisNewsWire

News and publishing service
for cannabis related companies

LimeLight of The week is


Sugarmade, Inc.
(OTC: SGMD)

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Sugarmade, Inc. (OTC: SGMD) is a product and brand marketing company investing in operations and technologies with disruptive potential. The company is focused on collaborating with real people in real-time to identify the emerging desires and behaviors poised to unlock new opportunities and pathways for growth. Sugarmade seeks to redefine the marketplace by nurturing an innovative and compelling relationship between brand, botany and business – resulting in both undeniable consumer value and an intriguing cross-pollination of revenue sources.

The company’s core strategic plan is centered on expanding its end-market access as a central player in the growing California cannabis delivery marketplace while developing its in-house cannabis production capacity to verticalize operations in the space. Through a combination of organic growth and strategic acquisitions, Sugarmade intends to develop a full farm-to-door vertically integrated cannabis business.

Investment Considerations

  • Sugarmade Inc. aims to expand its end-market access as a central player in the growing California cannabis delivery marketplace while developing its in-house cannabis production capacity to verticalize operations in the space.
  • The company has made key cannabis industry investments in NUG Avenue and BudCars.
  • On May 17, 2021, Sugarmade announced its entry into a definitive agreement for its acquisition of Lemon Glow Company Inc.
  • The Lemon Glow acquisition includes 640 acres of property, 32 of which have already been designated for outdoor cannabis cultivation.
  • California’s legal market hit $4.4 billion in sales in 2020, up from $2.8 billion in 2019.
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Recent Coverage

InvestorNewsBreaks - Sugarmade Inc. (SGMD) Exploring Potential Move into Omakase Sushi and Cannabis Venture Space

March 16, 2022 9:00 AM

Sugarmade (OTC: SGMD), an emerging company in the licensed cannabis sector, today announced that it is exploring a possible joint venture with a well-established business to create access to the Los Angeles reservation-only omakase sushi restaurant marketplace. According to the update, the joint venture may include an on-site cannabis event area and cannabis delivery services hub. “We believe this presents a tremendous opportunity for Sugarmade to break into a new market that aligns well with our established expertise and infrastructure,” said Jimmy Chan, CEO of Sugarmade. “On-site cannabis consumption is still extremely rare at dining establishments in LA. The omakase phenomenon has become one of the defining trends in the restaurant industry over recent years. We believe this dovetails extremely well with the cannabis trend. A partnership in this area may open the door to further establishing Sugarmade cannabis products in the rapidly growing and vibrant LA metro marketplace.”

To view the full source article, visit: THIS LINK

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Featured Event

BizCann Expo
May 21-22, 2022 - Medellin, Colombia


Whether you’re an established canna-business provider, or you are looking to get into this new exciting industry, BizCann Expo has all the resources you'll need to connect to potential canna-entrepreneurs, find services, launch your idea, or venture into a successful business. See what BizCann can do for you!

 THE CANNABIS GATEWAY TO SOUTH AMERICA

Deep in the Andes mountain, the city of eternal spring is opening the floodgates of cannabis investment. With a surprisingly robust legislative framework, Medellin prepares to host an event that will bridge north & south american markets and jumpstart cannabusiness opportunities in the region.

For more information on tickets and discounts, please visit https://bizcannexpo.com/colombia/

Speakers

  •  Viviana Giraldo - "The Story Behind Colombiana de Cannabis and the Vision of the Future"
  •  Sandra Carrillo MD MHSM - "Medical Cannabis: Scientific Evidence (in Spanish or English)"
  •  Rodolfo Alberto Mejia Cruz - "The Tropicalization of cannabis cultivation"
  •  Javier Amaya - "CBD and Sports "
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CannabisNewsWire (CNW) is a multifaceted financial news and publishing company that delivers a new generation of social communication solutions, news aggregation and syndication, and enhanced news release services. Leveraging a professional team of journalists and writers, CNW introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network of over 5,000 key distribution outlets. Cutting through information overload, CNW's innovative and proprietary systems clearly and succinctly deliver its clients much needed visibility, recognition and brand awareness. CNW is where news, content and information converge.

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