|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0018 - 0.0025|
|52 Week Range||0.0018 - 0.0505|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
In addition, data for the month of May already show a strong continuation of that trend, with May sales on pace to add another 16% over and above the strong breakout sales trend seen in April. “We did about $6,000 per day in sales in March and over $9,500 per day in April, representing a very robust growth trend at our Sacramento hub,” commented Jimmy Chan, CEO of Sugarmade.
Phoenix, Arizona--(Newsfile Corp. - May 11, 2020) - The Stock Day Podcast welcomed Sugarmade, Inc. (OTCQB: SGMD) ("the Company"), a product and branding marketing company investing in operations and technologies with disruptive potential. CEO of the Company, Jimmy Chan, as well as the CEO of Budcars, Clinton Walker, joined Stock Day host Everett Jolly. Jolly began the interview by noting that Indigo Dye Group is currently doing business as Budcars. "Why did Sugarmade and ...
NEW YORK, May 06, 2020 -- America Prepares to Reopen and Needs Sanitary and Non-Medical Personal Protective Supplies – Sugarmade Receives $10 Million in New Orders NEW YORK,.
On behalf of the entire team, allow me to start out by expressing our gratitude for your patience and commitment as we navigate what increasingly appears to be an extremely promising road stretching out ahead of Sugarmade. My goal today is to discuss that road ahead and to provide shareholders with a deeper sense of perspective as we expand our BudCars segment to capitalize on this extremely powerful growth opportunity. BudCars is quickly becoming a powerful presence in the California cannabis delivery marketplace.
LOS ANGELES, CA / ACCESSWIRE / April 22, 2020 / Cannabis Global, Inc. (OTC PINK:MCTC), a cannabinoid and hemp extract science forward company developing infusion and delivery technologies, today announces the licensing of several patent-pending technologies to Sacramento-based BudCars Cannabis Delivery Services, in conjunction with Sugarmade, Inc. (SGMD), for use in cannabis edibles for the regulated California marketplace. Under the terms of the licensing agreement, Cannabis Global Inc will license its unique cannabinoid infusion technologies, which will be utilized by Budcars for the production of super-premium, highly bioavailable cannabis edibles.
Cannabis Global, Inc. (OTC: MCTC), a cannabinoid and hemp extract science forward company developing infusion and delivery technologies, today announces the licensing of several patent-pending technologies to Sacramento-based BudCars Cannabis Delivery Services, in conjunction with Sugarmade, Inc. (OTCQB: SGMD), for use in cannabis edibles for the regulated California marketplace. Under the terms of the licensing agreement, Cannabis Global Inc will license its unique cannabinoid infusion technologies, which will be utilized by Budcars for the production of super-premium, highly bioavailable cannabis edibles.
The Company’s primary locations in the Sacramento area have been experiencing dramatic growth, with revenues consistently increasing 10% week-over-week, driven by exploding demand for contactless delivery of cannabis products due to the coronavirus lockdown. The Company now expects to surpass $30 million in annualized revenues at these locations. “Our Sacramento locations will pass the $10 million mark for annualized sales within the next 60-90 days,” stated Jimmy Chan, CEO of Sugarmade.
The Company believes this dynamic is being driven by the stay-at-home trend that has emerged in many communities around the world in response to the global pandemic outbreak of the COVID-19 disease. The Company believes this shift in consumer behavior will continue for the foreseeable future. As a result, BudCars is undertaking an expansion in headcount to meet the current and anticipated sharp expansion in demand.
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. Management now projects a Budcars top-line run-rate capable of surpassing $15 million in sales in 2020, provided recent data on growth in daily orders is reliable and indicative of the impact of the Company’s recent measures over coming months.
Sugarmade and Budcars believe several of the communities that will now be served by Budcars are especially lucrative opportunities due to a combination of near-ideal demographics, strong per capita income growth and easy access to major thoroughfares. Additionally, several of the wealthiest communities, such as Granite Bay, Carmichael and Folsom are underserved by other delivery operators.
“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 stage and as the crackdown on black market operators continues,” commented Mr. Chan. In particular, we are seeing strong opportunities in delivery services (non-storefront retailer), manufacturing via co-branding and selective genetic cultivation.
NEW YORK, Feb. 11, 2020 -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), today announces the closing of an agreement to acquire a.
Sugarmade will be making several strategic moves over the coming weeks as it launches on-demand and related business operations via internally developed initiatives and via new relationships with proven sector business operators. In a radical shift in its business model, Sugarmade will be part of the on-demand revolution sweeping the regulated cannabis industry.
Pending a vote by its board of directors, management believes temporarily holding the reverse split or canceling the reverse split altogether may be the best future course of action. The Company is also announcing its planned entry into the regulated and licensed portion of the cannabis marketplace, with an emphasis on the California distribution and retail sectors.
In a filing with the U.S. Securities & Exchange Commission, Sugarmade outlines that approximately 1.2 billion common share equivalents will be returned to the Company’s treasury. Sugarmade’s board of directors has determined the business combination is no longer viewed as the best shareholder maximization strategy as industry upheaval accelerates. Sugarmade has been presented with numerous other business combination opportunities that its board of directors now believes are superior and are under consideration.
On December 19, 2019, Sugarmade, Inc. (OTCQB: SGMD) ("the Company") first became aware of certain unauthorized promotional activities concerning the Company's common stock, when it was provided by the OTC Markets Group, Inc.'s ("OTC Markets") Issuer Services division with examples of certain such unauthorized, third-party promotional activities.
The Company additionally announces it has begun shipments of equipment to be installed in one of the largest planned facilities in the eastern portion of the United States. “We are very pleased to announce we have accepted the initial components from the manufacturer and these components are now in shipping containers en route to Western Kentucky to be installed at what will likely be one of the largest extraction facilities in the eastern part of the United States,” commented CEO Jimmy Chan.
Specifically, the Company is currently in preliminary talks with six hydroponic and agricultural supply targets in the U.S. and central Europe. Management notes that ideal targets should have an EBITDA margin of at least 8%. The Company prefers to pay a reasonable multiple to revenue, with 10% in cash and 90% in stock for potential acquisitions, with precise terms dependent on market conditions.
NEW YORK, Nov. 26, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (SGMD) (“Sugarmade”, “SGMD”, or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is pleased to provide an update as the Company moves toward an uplisting of shares onto a major US exchange following news that Sugarmade’s direct competitor, GrowGeneration Corp. (GRWG) (“GrowGen”), announced on Monday, Nov. 25, that its shares have been approved for listing on the Nasdaq Capital Market ("NASDAQ"). Following its acquisition of BZRTH, Inc. (“BZRTH”), and another acquisition to be announced in the near future, management believes that Sugarmade is very similar to GrowGen in terms of market segment, scale of operations, and financial performance metrics (on an overall, consolidated basis).
First off, I wanted to take this opportunity to express our sincere gratitude for your commitment and loyalty to our long-term value proposition and to discuss our current opportunities and our roadmap as we gear up to execute on the powerful opportunities that lie ahead. It’s about a thesis that we believe is rock solid: the hydroponics space has massive structural tailwinds at its back because it represents a critical answer to the long-term boom that drives the hemp and hemp-related marketplace.
The Company is expecting its recently acquired hydroponics supply operation to produce approximately $32 million for the calendar year. Based on both growing revenues and an expanding sector cost advantage, the Company believes it is well-positioned moving into 2020.
Based on the strategy the Company has laid out, management believes Sugarmade will be on track to reach excess of $65 million annualized revenues. “We have an ambitious plan to create a viable path toward another major acquisition while extending our stepwise climb onto a major US exchange listing as we continue to expand operations in a rapidly growing market,” stated Jimmy Chan, CEO of Sugarmade.
NEW YORK, Nov. 12, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (SGMD) (“Sugarmade”, “SGMD”, or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is pleased to provide full financial performance data for its recent acquisition, BZRTH, LLC (“BZRTH”), a leading hydroponics ecommerce supplier. Jimmy Chan, CEO of Sugarmade, commented, “We are very happy to present our shareholders and current and prospective investors with a quantitative overview of the financial performance we are integrating as we assimilate BZRTH into Sugarmade.
This acquisition alone should position Sugarmade as one of the largest publicly traded companies in the overall hydroponics space, driving EBITDA profitability, net-positive cash flows, and top-line sales of $37 million on a forward basis. Sugarmade has acquired BZRTH in a manner that is particularly friendly to Company common shareholders.
NEW YORK, Oct. 31, 2019 (GLOBE NEWSWIRE) -- via NetworkWire - Sugarmade, Inc. (SGMD) (“Sugarmade,” “SGMD,” or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is excited to announce the closing of the Company’s acquisition of BZRTH, LLC (“BZRTH”), a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. The Company expects the new combined entity to drive EBITDA profitability, net-positive cash flows, and top-line sales of $37 million on a forward basis. “As of today, Sugarmade is one of the largest publicly traded hydroponics companies in the world,” remarked Jimmy Chan, CEO of Sugarmade.