Sugarmade (OTCQB: SGMD), together with cannabis delivery
service Budcars, this morning announced a substantial expansion of cannabis
delivery services within the Sacramento metropolitan area. The expansion will
include adding the communities of Granite Bay, Folsom, Arden Arcade,
Carmichael, Citrus Heights, Orangevale, and Roseville/Rocklin this week. “The
investment in Budcars and this geographic expansion are just the start of
Sugarmade’s moves into California’s regulated cannabis marketplace. With the
significant turmoil in California’s cannabis marketplace occurring over the
past year and the resulting industry shakeout, we are seeing a host of very
attractive investment opportunities. We feel Sugarmade’s capital structure is
conducive to addressing these pending opportunities and we are in the process
of performing due diligence on several. We are particularly interested in the
many cultivation and retail non-storefront opportunities that now exist. We
hope to soon make several other investments in these areas,” Sugarmade CEO
Jimmy Chan stated in the news release.
To view the full press release, visit http://ibn.fm/0Gx7t
About Sugarmade, Inc.
Sugarmade, Inc. (OTCQB: SGMD) is a product and branding
marketing company investing in operations and technologies with disruptive
potential. The company’s portfolio includes CarryOutsupplies.com, SugarRush(TM) and Budcars.com. For more
information, visit the company’s website at 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/SUGAR
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