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News and publishing service
for cannabis related companies
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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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Featured Event
GIE Media’s Cannabis Conference
Las Vegas, Nevada
8/24/21 - 8/26/21
The CBD industry is showing growth in leaps and bounds with marijuana entrepreneurs contributing enriching business ideas to the cannabis sector. Join in to learn about the latest technologies, services, and solutions at the global platform of the Cannabis Conference 2021. The Cannabis Conference is being held in Paris Las Vegas Hotel & Casino, Nevada on 2th-26th August 2021.
Cannabis Business Times and Cannabis Conference, in collaboration with FOHSE – Future of Horticultural Science + Engineering, will honor five inspiring cannabis industry professionals through their Cannabis Leadership Awards, for their contribution towards the cannabis industry.
The speaking faculty will comprise of imminent cannabis entrepreneurs and industry veterans who will offer invaluable insights into the cannabis space. The event will showcase a track dedicated to the cultivation and sale of hemp and hemp-derived products, as well as cannabis cultivation and related business operations.
The three categories of pricing include:
• EXPO ONLY-Expires 4/30/2021- $149
• ALL-ACCESS PASS-Expires 4/30/2021-$499
• CONFERENCE & EXPO-Expires 4/30/2021-$399
Being touted as America’s must-attend CBD event of the year, the Cannabis Conference offers a robust business platform for industry stakeholders to come together and discuss the opportunities and challenges faced in their business.
For more details and participation in the event, please visit https://www.cannabisconference.com/.
Upcoming Events
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About CannabisNewsWire (CNW)
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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