QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Further Verticalizing Model to Drive Shareholder Value Through Margin Gains
Sugarmade (OTC: SGMD), an innovator in the dynamic California cannabis sector, has made significant progress toward its goal of becoming a central player in the growing California cannabis space. Sugarmade recently announced that its wholly-owned subsidiary, Lemon Glow Company, has received a conditional use permit (“UP”) number from the Community Development Department of Lake County, California — an important step toward full approval to cultivate cannabis on the property. The Lemon Glow property has an annual potential cultivation yield that could reach as much as 4,000 pounds of dry trimmed cannabis flower per acre, or approximately 128,000 pounds or 64…