LimeLight of The week is

Sugarmade, Inc. (SGMD)

Sugarmade, Inc. (SGMD) is headquartered in Monrovia, California, where the company recognizes new opportunities in the cannabis delivery space and in the market for supplies to the quick-service restaurant industry – both of which have fast-changing dynamics due to the recent outbreak of coronavirus in the United States.

The Coronavirus Cannabis Boom Market

Retailers across the nation are closing their doors and curtailing operations due to the coronavirus pandemic, inherently pinching sales. In the California cannabis sector, however, business has never been better – especially relative to home delivery.

Retailers across the nation are closing their doors and curtailing operations due to the coronavirus pandemic, inherently pinching sales. In the California cannabis sector, however, business has never been better – especially relative to home delivery.

Investment Considerations

• While many businesses are seeing coronavirus downturns, cannabis delivery service companies are seeing boom times
• 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 a relationship with industrial-hemp cultivation companies
• 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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