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.

Brand Portfolio

Sugarmade has investments in a number of subsidiaries with active operations in the California cannabis sector. These include:

• NUG Avenue– Sugarmade owns a 70% stake in NUG Avenue, a cannabis delivery service based in Southern California providing hand-selected top-shelf products from Stiiizy, Kanha, PlugPlay and more.
• BudCars– Sugarmade is an investor in cannabis delivery service of BudCars’ first operating location in Sacramento, California. BudCars is an online-shopping experience designed to provide new customers with an easy way to discover and order cannabis products within minutes.

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) Looks to Leverage Expertise as It Eyes Projected Double-Digit CAGR Growth
 

• Global cannabis market estimated to reach $19.89 billion in 2021, projected to grow at a CAGR of 27%
• North America projected to record the highest market share during the forecast period
• SGMD is expanding role as a central player in growing California cannabis delivery marketplace, developing in-house cannabis production capacity

As growing numbers of consumers around the world become more aware of the potential benefits of cannabis, the market is projected to see significant growth. A new report notes that the global cannabis market is estimated to grow at a CAGR of 27.0% from 2021 to 2030 (https://cnw.fm/KHrYH). That anticipated growth has not gone unnoticed by Sugarmade (OTC: SGMD), a product and brand marketing company focused on expanding its end-market access as a central player in the growing California cannabis space. 

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Featured Event

NECANN’s Chicago Convention
Chicago; 12/4/21 - 12/5/21

Venue: Chicago Hilton, 720 South Michigan Ave, Chicago, IL

Cannabis cultivators, dealers, businesses, and enthusiasts are invited to attend the NECANN Illinois Cannabis Convention in Chicago, on December 4-5, 2021. Operating since 2014, NECANN events are touted as one of the largest cannabis events that are constantly expanding.

Anden, Columbia Care, Green Mountain Energy, and a host of other eminent startups will be present at this rapidly expanding convention. Since legalization, Illinois is earning an average monthly revenue of $40 million from recreational cannabis sales.

Do not miss out on this phenomenal opportunity to connect with some of the biggest names in the marijuana industry in this region!

For more information, visit https://ibn.fm/2h0NN.

Exhibit Hall Hours

• Saturday, December 4th: 11:00 A.M. to 5:00 P.M.
• Sunday, December 5th: 10:00 A.M. to 4:00 P.M.

Onsite Box Office hours begin at 9:00 a.m. each day.

Conference Highlights

• The NECANN Illinois Cannabis Convention is being held in Chicago, on December 4-5, 2021.
• These events attract a huge number of enthusiasts and influencers from the Hemp, MMJ and Cannabis industries.
• NECANN Illinois aims to bring the stalwarts of the cannabis industry under one roof at the Chicago convention.

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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.