Sugarmade (OTCQB: SGMD) today announced its receipt of
over $10 million in new orders for consumable sanitary supplies and non-medical
personal protective items as America prepares to get back to work. As
businesses across the country are scrambling for supplies in preparation to
reopen, facing moral and legal obligations to protect their workers,
Sugarmade’s CarryOutsupplies.com operating unit is benefiting in helping to
meet this demand. “We have never seen anything like this situation. We believe
we are in a unique situation relative to the re-opening of America,” Sugarmade
CEO Jimmy Chan stated in the news release. “Approximately two months ago we
began importing consumable sanitary supplies and non-medical personal
protective gear. As it turns out, this was a wise move. We sold out of nearly
all of what we received. Fortunately, we have the sourcing and trans-Pacific
logistical experience to bring in much larger quantities to help meet the
insatiable demand that is developing as business, universities, and government
institutions order supplies to protect their workers and customers. We have a
lot more product in the supply chain that will soon be headed to our
customers.”
To view the full press release, visit http://ibn.fm/P7c2J
About Sugarmade Inc.
Sugarmade is a product and branding marketing company
investing in operations and technologies with disruptive potential. More
information on Sugarmade can be accessed at: www.Sugarmade.com.
Sugarmade sees opportunities in business operations that combine the best areas
of on-demand consumer distribution with certain areas of synergistic
manufacturing and packaging to create a business model that capitalizes on the
many changes in the cannabis industry. The company has made agreements with
several market participants, which will be announced within Q1 and Q2 of
calendar year 2020. The company views these opportunities as very scalable and
capable of producing strong revenue growth for the company.
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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