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

CannabisNewsBreaks - Sugarmade Inc. (SGMD) Continues to Build Top-Tier, Leading Position in California Cannabis Marketplace

October 18, 2021 11:30 AM

Sugarmade (OTC: SGMD), an innovator in the dynamic California cannabis sector, has closed on its most recent acquisition. The company intends to use the parcel located in Los Angeles as a new distribution/delivery hub for its Nug Avenue cannabis delivery segment. An article discussing the move quotes Sugarmade CEO Jimmy Chan, saying, “We are very excited to announce the upcoming location of our new Nug Avenue delivery hub, which is in a prime position to serve the downtown LA area. Our initial Nug Avenue location has been open for nearly six months and has established a strong brand with tremendous growth in membership — already exceeding 10,000 members and growing fast. Our remaining licenses can be applied to both expansion and verticalization of Nug Avenue operations as we continue to build a top-tier, farm-to-door leader in the California cannabis marketplace.”

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

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Featured Event

Cannabis World Congress and Business Exposition (CWCBExpo)
New York City - 11/4/21 - 11/6/21

Business owners, educators, and investors are invited to attend the CWCBExpo in New York City November 4-6, 2021, at Javits Convention Center, Hall 3A. CWCBExpo is the leading B2B trade show and conference for the cannabis, CBD, and hemp industries. Attendees can meet, network, and learn from the industry’s leading and world-renowned experts. Leading exhibitors will be showing the latest industry products, technologies, and services. The event will be held in person at the convention center, with masks and proof of vaccination required.

The CWCBExpo will include curated and hosted content featuring Inside the Industry: Thought Leadership Series. Hosted by Geoff Whaling and Matthew Anderson , the series will feature various influential and informed industry professionals to join the conversation in an interactive “Talk Show” format. Each day will offer a different theme: Day 1: Where We Are Today; Day 2: Challenges and Solutions; Day 3: Where We Are Going. Other notable speakers include: Think BIG & Frank White Co-Founders Christopher “CJ” Wallace and Willie Mack, Pure Genesis Founder and CEO Faye Coleman, and Cloneville Founder Calvin Frye.

For more information about the event, please visit https://cwcbexpo.com/.

Conference Highlights

• The CWCBExpo is being held in person, with participants being required to wear masks and provide proof of vaccination.
• Cannabis, CBD, and hemp industry professionals will be in attendance to meet, network, and learn from world-renowned experts. Exhibitors will be on-site to show the latest technology, products, and services available in the industry.
• Curated and hosted content throughout the event will include the three-day Inside the Industry: Thought Leadership Series. Hosts for the event will be Geoff Whaling and Matthew Anderson.

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.