NetworkNewsBreaks – Sugarmade Inc. (SGMD) Releas
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Posted On: 10/14/2020 3:40:36 PM
NetworkNewsBreaks – Sugarmade Inc. (SGMD) Releases BudCars Q3 Numbers, Report Highlights Sales Records for Burgeoning Business
Sugarmade (SGMD), a leading, multidivisional/multiproduct/multisector supply company, has shared a preannouncement of financial numbers for its BudCars Cannabis Delivery Service (“BudCars”). The announcement notes several new sales records. Highlights of the report include gross receipts reaching nearly $2 million, with more than 60% growth being reported in net sales, customer orders and gross profits on a quarter-to-quarter basis. BudCars has been consistently tracking ahead of expectations, the announcement states, with geographic expansion being a key component to continued growth and success. The company has plans in place to expand into the North San Francisco Bay Area as well as nearby wine country counties. In addition, Sugarmade is planning to open BudCars Los Angeles in November. Previously, the company also announced that it had leased a property zoned for cannabis cultivation where it intends to establish a licensed cannabis cultivation facility. “BudCars continues to perform, setting records in basically every key metric we track,” said Sugarmade CEO Jimmy Chan in the press release. “It was a tremendous quarter, with a big jump in customers and regional market share and robust margins on every sale. That paints a very motivating picture as we gear up to significantly expand our service territory, with upcoming expansion into the North Bay and Wine Country areas, as well as our upcoming grand opening of BudCars LA.”
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 (SGMD), a leading, multidivisional/multiproduct/multisector supply company, has shared a preannouncement of financial numbers for its BudCars Cannabis Delivery Service (“BudCars”). The announcement notes several new sales records. Highlights of the report include gross receipts reaching nearly $2 million, with more than 60% growth being reported in net sales, customer orders and gross profits on a quarter-to-quarter basis. BudCars has been consistently tracking ahead of expectations, the announcement states, with geographic expansion being a key component to continued growth and success. The company has plans in place to expand into the North San Francisco Bay Area as well as nearby wine country counties. In addition, Sugarmade is planning to open BudCars Los Angeles in November. Previously, the company also announced that it had leased a property zoned for cannabis cultivation where it intends to establish a licensed cannabis cultivation facility. “BudCars continues to perform, setting records in basically every key metric we track,” said Sugarmade CEO Jimmy Chan in the press release. “It was a tremendous quarter, with a big jump in customers and regional market share and robust margins on every sale. That paints a very motivating picture as we gear up to significantly expand our service territory, with upcoming expansion into the North Bay and Wine Country areas, as well as our upcoming grand opening of BudCars LA.”
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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