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Posted On: 05/01/2020 3:25:08 PM
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NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Sees Significant Jump in Budcars Cannabis Deliveries in March
Sugarmade (OTCQB: SGMD) recently acquired a significant stake in Sacramento-based Budcars Cannabis Delivery Service (http://nnw.fm/76yG4). An article discussing the company reads, “An agreement announced in February 2020 stipulated that Sugarmade would acquire 40% of Budcars and would be granted an option to purchase an additional 30% stake, ultimately providing SGMD with a controlling interest in the growing delivery service, which serves the greater Sacramento metropolitan area. Budcars delivers a wide range of cannabis products to the metropolitan area, where the population is showing growing acceptance of cannabis usage and delivery and scores above the 50 percentile in terms of cannabis usage per capita. . . . Less than a month after making that initial announcement, Sugarmade followed with a second, even more impressive, statement. Since becoming heavily involved in the day-to-day operational and strategic foundation of Budcars following its initial investment and investor agreement, SGMD had seen a dramatic expansion in overall delivery volume with March deliveries topping February volume by more than 300%.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Sugarmade (OTCQB: SGMD) recently acquired a significant stake in Sacramento-based Budcars Cannabis Delivery Service (http://nnw.fm/76yG4). An article discussing the company reads, “An agreement announced in February 2020 stipulated that Sugarmade would acquire 40% of Budcars and would be granted an option to purchase an additional 30% stake, ultimately providing SGMD with a controlling interest in the growing delivery service, which serves the greater Sacramento metropolitan area. Budcars delivers a wide range of cannabis products to the metropolitan area, where the population is showing growing acceptance of cannabis usage and delivery and scores above the 50 percentile in terms of cannabis usage per capita. . . . Less than a month after making that initial announcement, Sugarmade followed with a second, even more impressive, statement. Since becoming heavily involved in the day-to-day operational and strategic foundation of Budcars following its initial investment and investor agreement, SGMD had seen a dramatic expansion in overall delivery volume with March deliveries topping February volume by more than 300%.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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