Sugarmade (OTC: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, today issued a letter to shareholders from its Chief Executive Officer Jimmy Chan. “Pivoting toward new opportunities is an essential element of good stewardship, and Sugarmade continues to welcome favorable developments in its corporate structure. While the optics of 2022 included navigating challenging headwinds in California’s cannabis space, the year also provided Sugarmade with significant openings to expand and strengthen our strategic goals and long-term values. 2023 will see Sugarmade continue building its various brands and begin a transition to becoming a real estate-focused company holding tangible assets that strengthen our balance sheet,” Chan states in the letter, further discussing the appointment of Jamie Steigerwald as the company’s new chief operating officer. “Steigerwald’s considerable knowledge and experience in the real estate sector are key to Sugarmade’s pivot toward becoming a real estate-focused company. We believe this decision will strengthen our balance sheet with tangible real estate assets that will add more long-term value to our overall business model… Shareholder value is our number-one priority. Our team has been working diligently toward securing new real estate acquisitions, which will give us the qualification needed to uplist onto one of the national exchanges. We look forward to sharing more company developments as we reach new milestones.”
To view the full press release, visit https://ibn.fm/xljkB
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(TM), J Grade Farm and Lemon Glow. 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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