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InvestorNewsBreaks – Sugarmade Inc. (SGMD) Leveraging ‘Prime Spot’ for Expansion of Cannabis Delivery Business
October 1, 2021

InvestorNewsBreaks – Sugarmade Inc. (SGMD) Leveraging ‘Prime Spot’ for Expansion of Cannabis Delivery Business

Sugarmade (OTC: SGMD), an innovator in the dynamic California cannabis sector, is positioned for opportunity as states that have already legalized cannabis, such as California, are seeing a spike in business due to the overwhelming convenience of product delivery. Sugarmade, as an innovator in the dynamic California cannabis scene with majority control and ownership of cannabis delivery service Nug Avenue, provides hand-selected top-shelf products from Stiiizy, Kanha, PlugPlay, Cookies and more. “Earlier this year, Sugarmade acquired a 70% stake in Nug Avenue, a Lynwood, California-based cannabis delivery operation, and launched a new business initiative for the licensed delivery of cannabis products,” reads a recent article that quotes Sugarmade CEO Jimmy Chan on the move. “We strongly believe the LA delivery market is the prime spot for expansion of our business,” said Chan. “California is the world’s sixth-largest economy, and LA County is by far the most significant driver, with over 25% of the state’s population. The Lynwood, California, site is optimal, as it is located along one of the major distribution freeways, allowing drivers to efficiently reach the more than 15 million consumers that live within a 30-mile radius of the new location. We plan to make a big impact on the LA cannabis delivery marketplace.”

To view the full article, visit https://ibn.fm/Yb6Yl

About Sugarmade Inc.

Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s brand portfolio includes CarryOutsupplies.com, SugarRush, NUG Avenue, Lemon Glow, and Budcars. For more information, please visit www.Sugarmade.com.

NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://ibn.fm/SGMD 

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