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Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service (“BudCars”), today provided an update on revenue expectations for July and calendar Q3 BudCars performance. According to the update, management now forecasts continued month-over-month sequential sales growth of 30% in July and August, positioning the Company for July sales of at least $650K, and a … Continue reading “QualityStocksNewsBreaks – Sugarmade, Inc.’s (SGMD) BudCars on Pace to Hit Annualized Revenues at or Above $11M”

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service (“BudCars”), today provided current and prospective shareholders with BudCars performance data for the month of June. According to the update, BudCars achieved total sales of $502,903 in June, representing 36% sequential monthly top-line growth, with total sales and profits now growing by more than 30% … Continue reading “QualityStocksNewsBreaks – Sugarmade, Inc.’s (SGMD) BudCars Achieves Another Breakout Month With Record Growth in Every Metric”

Sugarmade (OTCQB: SGMD) today released a shareholder letter on behalf of its CEO, which discussed tremendous growth of its BudCars business, preparations to open a BudCars hub in Los Angeles, as well as what the company believes is a much larger opportunity ahead. “We have completed considerable analysis, the results of which point to strong … Continue reading “QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) CEO Discusses Expansion and the Road Ahead in Shareholder Letter”

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service (“BudCars”), today announced that the Company is submitting an application to the California Bureau of Cannabis Control to expand into cannabis cultivation as part of a strategic plan to partially verticalize its BudCars model, a process that management strongly believes will further increase the Company’s … Continue reading “QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Announces Plans to Expand into Cannabis Cultivation in Verticalization of BudCars Model”

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service (“BudCars”), today announced record growth in gross profits and gross profit margins for BudCars sales during the month of May (up 46% on a sequential month-over-month basis). Per the update, the Company continues to experience strong signals during the first half of June, with gross … Continue reading “QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Announces Record BudCars Sales Growth as It Gears Up to Open First LA Hub”

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service (“BudCars”), today announced record growth data for BudCars sales during the month of May. According to the update, the company posted nearly 30% sequential monthly growth over April sales and continues to see week-over-week sales growth at 10%, which suggests that BudCars will surpass $10 … Continue reading “QualityStocksNewsBreaks – Sugarmade, Inc.’s (SGMD) BudCars Achieves Record May Sales, Continues to See 10% Week-Over-Week Growth”