Search Results for: sgmd

Sugarmade (OTCQB: SGMD), together with the BudCars Cannabis Delivery Service, today announced a sharp rise in demand for its cannabis delivery service, driving an associated 10% week-over-week rise in total sales over the past two weeks. According to the update, the company believes this dynamic is being driven by the stay-at-home trend that has emerged … Continue reading “QualityStocksNewsBreaks – Sugarmade, Inc.’s (SGMD) BudCars Sees Sharp Rise in Delivery Demand as Coronavirus Impacts Cannabis Consumer Patterns”

Sugarmade (OTCQB: SGMD) today announced a dramatic 300% sequential monthly jump in delivery volume in BudCars Cannabis Delivery Service in February. According to the update, the rise in volume follows the company’s negotiated agreement toward a controlling stake in Budcars and its investment in expanding the leading delivery service’s operations and reach in Northern California. … Continue reading “QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Announces 300% Growth in Budcar Delivery Volume, Eyes $15M 2020 Revenue Target”

Sugarmade (OTCQB: SGMD), together with cannabis delivery service Budcars, this morning announced a substantial expansion of cannabis delivery services within the Sacramento metropolitan area. The expansion will include adding the communities of Granite Bay, Folsom, Arden Arcade, Carmichael, Citrus Heights, Orangevale, and Roseville/Rocklin this week. “The investment in Budcars and this geographic expansion are just … Continue reading “QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) and Budcars Significantly Increase Cannabis Delivery Reach in Northern California”

Sugarmade (OTCQB: SGMD) today released statements from its Chief Executive Officer, Jimmy Chan, relating to the company’s growth strategy within the regulated California cannabis marketplace. “The regulated cannabis market in California is changing quickly with new investment and operational opportunities opening as acceptance grows among the public, as the industry moves past its initial growth … Continue reading “QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Announces Growth Strategy, Eyes Strong Opportunities in Delivery Services, Manufacturing via Co-Branding and Selective Genetic Cultivation”

Sugarmade (OTCQB: SGMD) today announced the closing of an agreement to acquire a significant stake in Sacramento-based Budcars Cannabis Delivery Service, owned by Indigo Dye Group Corp. According to the update, Sugarmade will acquire 40% of Budcars for $700,000 and will be granted an option to purchase an additional 30% stake, providing Sugarmade with a … Continue reading “QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Closes Agreement to Acquire Significant Stake in Sacramento-Based Budcars Cannabis Delivery Service”

Sugarmade (OTCQB: SGMD) today announced a new and bold shift in its business strategy toward the virtualization of the cannabis sector as part of the major shift in the U.S. business model toward an on-demand economy. According to the update, Sugarmade will make several strategic moves over the coming weeks as it launches on-demand and … Continue reading “QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Announces New, Bold Shift in Business Strategy, Eyes On-Demand Revolution of the Cannabis Sector”

Sugarmade (OTCQB: SGMD) today announced that it has placed a hold on plans to complete a reverse split of its common shares. Per the update, pending a vote by its board of directors, management believes temporarily holding or canceling the reverse split may be the best future course of action. In addition, Sugarmade announced its … Continue reading “QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Places Hold on Reverse Split, Plans Entry into Regulated and Licensed Portion of Cannabis Marketplace”

Sugarmade (OTCQB: SGMD), today announced the rescission of an agreement to acquire a hydroponic equipment supplier and, in a filing with the U.S. Securities & Exchange Commission, outlines that approximately 1.2 billion common share equivalents will be returned to the company’s treasury. According to the update, Sugarmade’s board of directors has determined that the business … Continue reading “QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Rescinds Agreement, Considering Opportunities it Views as Superior”

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today announced its entry into the hemp extraction and laboratory equipment marketplace, one of the fastest-growing areas of the overall hemp industry. In addition, the company announced that it has begun shipments of equipment to be installed in one of the largest … Continue reading “QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Enters Hemp Extraction and Laboratory Equipment Marketplace, Initial Shipment En Route to Mega Extraction Facility”

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, is pursuing an aggressive merger and acquisition (“M&A”) roll-up strategy to position itself as a leader in the hydroponics sector. The company is presently in preliminary talks with six hydroponic and agricultural supply targets in the U.S. and central Europe. SGMD is … Continue reading “QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Employs Aggressive M&A Roll-Up Strategy”