LimeLight of The week is
 

Sugarmade, Inc.
 (OTC: SGMD)

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.

Recent Coverage

Sugarmade Inc. (SGMD) Signs Agreement to Gain Key Licenses for Planned Cannabis Delivery Expansion

September 23, 2021 9:00 AM

• SGMD anticipates using the licenses for three new vertically integrated Nug Avenue cannabis delivery hubs
• Each of the licenses can be used for up to three of five categories of licensed cannabis-related business activities
• Definitive agreement aligns with announcement that Sugarmade has acquired LA property for first of new Nug Avenue cannabis delivery hubs

In its continued focus on building is cannabis delivery interests, Sugarmade (OTC: SGMD) has signed a definitive agreement to obtain three nonstorefront California cannabis licenses from the Los Angeles Department of Cannabis Regulation (“DCR”), along with corresponding licenses from the California Bureau of Cannabis Control (“BCC”) (https://cnw.fm/tl4Ud). SGMD is focused on establishing itself as a leader in California’s vertically integrated cannabis marketplace, and the company anticipates using the licenses for its planned three new vertically integrated Nug Avenue cannabis delivery hubs.

To view the full press release, visit https://www.cnw.fm/Zm9Gh

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Featured Event

NECANN’s Atlantic City Convention
Atlantic City, NJ
October 2nd-3rd, 2021

New Jersey has certainly had a long, hard battle for the legalization of both medicinal and recreational cannabis. For example, in 2017 New Jersey arrested nearly thirty five thousand people for cannabis related offenses. This figure was more than any other state in the nation. To break that down, that’s nearly 100 people arrested per day within the state of New Jersey. Now, only five years later, New Jersey on February 22nd, 2021 became the fourteenth state to legalize marijuana completely. The cannabis market in Atlantic City specifically is huge, untapped, and brimming with potential. With only one major cannabis dispensary in the city. We are beyond excited to see the potential of Atlantic City’s cannabis community become a reality. NECANN prides itself on bringing personalized cannabis expos to fit the local communities and their needs. We invite you to join us in cultivating cannabis communities in Atlantic City and beyond. Make sure to snag your ticket for our Atlantic City Event today!

For more details about the event, please visit https://www.cnw.fm/wdf1u

Upcoming Events

• Roth’s Investing in Women Cannabis Pioneers Event - Virtual Event;  9/28/21
• Benzinga Cannabis Capital Conference Fall - New York City; 10/14/21 - 10/15/21
• NECANN’s Maine Convention - Portland, ME; 10/16/21 - 10/17/21

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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.