Sugarmade Inc. (SGMD) Entering ‘Near-Perfect’ Business World, Enjoying Significant Business Opportunity
- April 2020 Global Small Cap Research report offers analysis of SGMD, BudCars Cannabis Delivery Service
- Report urges investors to watch BudCars recently announced expansion into LA, likely world’s most lucrative market
- COVID-19 has sent an already growing industry – cannabis delivery services – into overdrive
A third-party April 2020 report conducted by Global Small Cap Research has concluded that investors should closely watch Sugarmade Inc. (OTCQB: SGMD), “as it has before it a significant business opportunity.” The report also noted that Sugarmade’s public status can be leveraged to gain advantage in a turbulent industry that has been significantly impacted by COVID-19 (http://nnw.fm/WuSY7).
The report, which offers an analysis of growth opportunities for Sugarmade and its BudCars Cannabis Delivery Service, also reported the following:
- While there was already considerable growth in cannabis delivery services mainly related to a growing trend toward e-commerce and home delivery, COVID-19 has sent this trend into overdrive.
- Sugarmade’s BudCars is experiencing strong growth as its current operation expands organically. Entrance into new markets will likely yield acceleration.
- In particular, the report urged investors to watch BudCars recently announced expansion into the Los Angeles market, which is likely the world’s most lucrative. This geographic expansion could easily allow BudCars to more than double in size over the next year.
- COVID-19 has accelerated many issues for cannabis companies. This increased uncertainty creates an opportunity for SGMD and BudCars relative to M&A and other business combinations.
Outlining what it called a “near-perfect business world” for cannabis delivery operators, the report made a strong case by observing that “Sugamade is enjoying participation in a rapid growing market… Few if any, marketplaces are growing faster than cannabis – and the California market is the epicenter of growth.” The report stated that during 2019, the cannabis market produced approximately $100 billion in U.S sales, with growth projected to top 32% compounded annually over the next few years.
In addition, the reported noted that a general trend for home-delivery service, a favorable labor environment, the advantages of being publicly traded and a disrupted industry that has become even more shattered as a result of the COVID-19 pandemic all combine to create a “positive outlook for Sugarmade for the rest of 2020 and into next year. At a time when so many businesses are struggling, we believe companies involved in certain areas of the cannabis marketplace, such as delivery services, are not only surviving, but thriving,” the report concluded.
Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company 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 in 2020. The SGMD views these opportunities as scalable and capable of producing strong revenue growth for the company.
For more information, visit the company’s website at www.Sugarmade.com
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
- April 2020 Global Small Cap Research report offers analysis of SGMD, BudCars Cannabis Delivery Service
- Report urges investors to watch BudCars recently announced expansion into LA, likely world’s most lucrative market
- COVID-19 has sent an already growing industry – cannabis delivery services – into overdrive
A third-party April 2020 report conducted by Global Small Cap Research has concluded that investors should closely watch Sugarmade Inc. (OTCQB: SGMD), “as it has before it a significant business opportunity.” The report also noted that Sugarmade’s public status can be leveraged to gain advantage in a turbulent industry that has been significantly impacted by COVID-19 (http://nnw.fm/WuSY7).
The report, which offers an analysis of growth opportunities for Sugarmade and its BudCars Cannabis Delivery Service, also reported the following:
- While there was already considerable growth in cannabis delivery services mainly related to a growing trend toward e-commerce and home delivery, COVID-19 has sent this trend into overdrive.
- Sugarmade’s BudCars is experiencing strong growth as its current operation expands organically. Entrance into new markets will likely yield acceleration.
- In particular, the report urged investors to watch BudCars recently announced expansion into the Los Angeles market, which is likely the world’s most lucrative. This geographic expansion could easily allow BudCars to more than double in size over the next year.
- COVID-19 has accelerated many issues for cannabis companies. This increased uncertainty creates an opportunity for SGMD and BudCars relative to M&A and other business combinations.
Outlining what it called a “near-perfect business world” for cannabis delivery operators, the report made a strong case by observing that “Sugamade is enjoying participation in a rapid growing market… Few if any, marketplaces are growing faster than cannabis – and the California market is the epicenter of growth.” The report stated that during 2019, the cannabis market produced approximately $100 billion in U.S sales, with growth projected to top 32% compounded annually over the next few years.
In addition, the reported noted that a general trend for home-delivery service, a favorable labor environment, the advantages of being publicly traded and a disrupted industry that has become even more shattered as a result of the COVID-19 pandemic all combine to create a “positive outlook for Sugarmade for the rest of 2020 and into next year. At a time when so many businesses are struggling, we believe companies involved in certain areas of the cannabis marketplace, such as delivery services, are not only surviving, but thriving,” the report concluded.
Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company 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 in 2020. The SGMD views these opportunities as scalable and capable of producing strong revenue growth for the company.
For more information, visit the company’s website at www.Sugarmade.com
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
