SGMD news The Company continues to see week-over-w
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Posted On: 06/04/2020 9:23:16 AM
SGMD news The Company continues to see week-over-week sales growth at 10%, suggesting that BudCars will surpass $10 million in annualized sales by the month of August at its Sacramento location.
Jimmy Chan, CEO of Sugarmade, remarked, "The top-line growth data has been extremely strong, and we have no reason to expect that to change. But it's important that our shareholders understand that this is not a delivery service model. We aren't simply earning a fee to deliver someone else's inventory, and barely breaking even in the process. We are building an inventory at wholesale pricing, marking it up significantly, and pulling in very strong margins on every unit we deliver for sale."
Jimmy Chan, CEO of Sugarmade, remarked, "The top-line growth data has been extremely strong, and we have no reason to expect that to change. But it's important that our shareholders understand that this is not a delivery service model. We aren't simply earning a fee to deliver someone else's inventory, and barely breaking even in the process. We are building an inventory at wholesale pricing, marking it up significantly, and pulling in very strong margins on every unit we deliver for sale."
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