Sugarmade (OTCQB: SGMD) today announced a dramatic
300% sequential monthly jump in delivery volume in BudCars Cannabis Delivery
Service in February. According to the update, 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. Provided recent data on growth in daily orders is reliable
and indicative of the impact of the company’s recent measures over coming
months, management projects a Budcars top-line run-rate capable of surpassing
$15 million in sales in 2020. “Some of our shareholders have suggested that our
vision for a massively expanded and vertically integrated Budcars might be
explained to the world as the ‘Uber Eats of the cannabis market.’ But we
believe that’s actually a dramatic underestimation of where Budcars is headed,”
Sugarmade CEO Jimmy Chan said in the news release. “This is far more promising
from a bottom-line perspective, given that we aren’t simply delivering someone
else’s product. The retailer gets the juicy 20 percent net margin in this
business. We are positioning ourselves as a ‘Cannabis concierge service’
focusing on a truly unique cannabis experience.”
To view the full press release, visit http://ibn.fm/N4FSp
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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