NetworkNewsBreaks – Sugarmade Inc. (SGMD) Revise
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Sugarmade (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company, has seen dramatic growth and is working on further geographic expansion since its February acquisition of BudCars, a cannabis retail business that offers same-day delivery of top-shelf product. BudCars’ service currently reaches the communities of Granite Bay, Folsom, Arden Arcade, Carmichael, Citrus Heights, Orangevale and Roseville/Rocklin (http://nnw.fm/iDrS9), and the company is working to expand even further into Southern California. A recent article quotes Sugarmade CEO Jimmy Chan on BudCars’ impressive performance, where he states, “The growth has been so dramatic that we have had to drastically revise our expectations to the upside, which demands expansion, both in terms of staff and fleet in Sacramento, and in terms of regional expansion into Southern California. As a result, we are acquiring two distribution hub locations in the LA area with cannabis licenses included so we can hit the ground running” (http://nnw.fm/Uy8MC).
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