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InvestorNewsBreaks – Sugarmade Inc. (SGMD) Releases Corporate Update, Notes Nug Avenue Growth
December 8, 2021

InvestorNewsBreaks – Sugarmade Inc. (SGMD) Releases Corporate Update, Notes Nug Avenue Growth

Sugarmade (OTC: SGMD), an emerging leader in the vertically integrated cannabis marketplace based in California, is moving toward new growth initiatives and expanding organically, according to a recent corporate update. The company noted that the expansion was organic, within the framework of its primary operating vision. Currently, Sugarmade operates a Nug Avenue location in Los Angeles, which has seen significant growth since opening its doors in March of this year. Within only three months, the location reported 10,000 unique members, and that impressive growth has continued, with the company most recently reporting 25,000 unique members. Sugarmade is planning to open a second location, with paperwork already submitted; additional properties are also being evaluated for future locations, with some of those properties expanding outside the LA area. In addition, the company reported that it is utilizing the Onfleet last-mile delivery solution with Blaze, which offers the company a competitive advantage. The new technology features AI-based automated dispatch, automatic SMS customer notifications with accurate ETAs, real-time driver tracking, proof-of-delivery, feedback collection tools and powerful analytics, which all combine to ensure an optimal delivery experience for customers. The company reported that, using the new tech, its average delivery time decreased to 41.51 minutes with customer satisfaction increasing to an average of 4.83 out of 5 stars. “We have seen rapid and accelerating organic growth in customers at our initial Nug Avenue location since we opened the doors in March,” said Sugarmade CEO Jimmy Chan. “The good news is that this trend survived reopening, with a reduction in pandemic-related measures and regulations having no impact on our growth. That provides a very healthy backdrop as we look ahead to opening new locations, upgrading our service, and verticalizing our model through our own cultivation resources.”

To view the full press release, visit https://ibn.fm/zOrwm 

About Sugarmade Inc.

Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s portfolio includes CarryOutsupplies.com, SugarRush(TM), NUG Avenue, Lemon Glow and Budcars. For more information about the company, 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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