NetworkNewsBreaks – Sugarmade, Inc.’s (SGMD) BudCars on Pace to Hit Annualized Revenues at or Above $11M
Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service (“BudCars”), today provided an update on revenue expectations for July and calendar Q3 BudCars performance. According to the update, management now forecasts continued month-over-month sequential sales growth of 30% in July and August, positioning the Company for July sales of at least $650K, and a pace lined up to close out September with annualized BudCars revenues running at or above $11 million. “We believe we have enough visibility and enough data in hand to forecast that we will continue to see extremely robust growth in July and August,” Jimmy Chan, CEO of Sugarmade, stated in the news release. “Many of the trends we saw come together in June to drive our performance remain in place and suggest new records across many metrics are likely this month as well.”
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Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service (“BudCars”), today provided an update on revenue expectations for July and calendar Q3 BudCars performance. According to the update, management now forecasts continued month-over-month sequential sales growth of 30% in July and August, positioning the Company for July sales of at least $650K, and a pace lined up to close out September with annualized BudCars revenues running at or above $11 million. “We believe we have enough visibility and enough data in hand to forecast that we will continue to see extremely robust growth in July and August,” Jimmy Chan, CEO of Sugarmade, stated in the news release. “Many of the trends we saw come together in June to drive our performance remain in place and suggest new records across many metrics are likely this month as well.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
