CannabisNewsWire
CannabisNewsWire

News and publishing service
for cannabis related companies

LimeLight of The week is

Sugarmade, Inc. (SGMD)

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Sugarmade, Inc. (SGMD) is a product and brand marketing company investing in operations and technologies with disruptive potential, especially in cannabis. Headquartered in Monrovia, California, the company is recognizing new opportunities in the cannabis delivery space. After close analysis of the evolving market, Sugarmade has broadened its focus to embrace promising emerging industries.

Growth Strategy

Recognizing new investment and operational opportunities within California’s cannabis market, Sugarmade is strategizing to take advantage of strong opportunities in delivery services (non-storefront retailer), manufacturing via co-branding, and selective genetic cultivation. The company is taking a highly selective approach, targeting only the best of these opportunities for company growth.

Company Highlights

  • Despite reported issues within California’s regulated cannabis industry, positive changes have occurred as regulators work to improve the system.
  • As black-market operators are driven out of the market, a need for legal operators is created.
  • Sacramento population—as California’s third-largest metropolitan area at 2.4 million people—shows growing acceptance of cannabis use and delivery.
  • Strategic investment in Hempistry, allowing Sugarmade shareholders to possibly benefit from relationship with industrial-hemp cultivation company
  • The global industrial hemp market size was estimated at USD 4.71 billion in 2019 and is expected to register a revenue-based CAGR of 15.8% over forecast period 2016-2027
  • Led by experienced team of executives instrumental in successfully growing multiple business operations
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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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