NetworkNewsBreaks – Sugarmade Inc. (SGMD) Levera
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Posted On: 10/01/2021 4:09:47 PM
NetworkNewsBreaks – Sugarmade Inc. (SGMD) Leveraging ‘Prime Spot’ for Expansion of Cannabis Delivery Business
Sugarmade (OTC: SGMD), an innovator in the dynamic California cannabis sector, is positioned for opportunity as states that have already legalized cannabis, such as California, are seeing a spike in business due to the overwhelming convenience of product delivery. Sugarmade, as an innovator in the dynamic California cannabis scene with majority control and ownership of cannabis delivery service Nug Avenue, provides hand-selected top-shelf products from Stiiizy, Kanha, PlugPlay, Cookies and more. “Earlier this year, Sugarmade acquired a 70% stake in Nug Avenue, a Lynwood, California-based cannabis delivery operation, and launched a new business initiative for the licensed delivery of cannabis products,” reads a recent article that quotes Sugarmade CEO Jimmy Chan on the move. “We strongly believe the LA delivery market is the prime spot for expansion of our business,” said Chan. “California is the world’s sixth-largest economy, and LA County is by far the most significant driver, with over 25% of the state’s population. The Lynwood, California, site is optimal, as it is located along one of the major distribution freeways, allowing drivers to efficiently reach the more than 15 million consumers that live within a 30-mile radius of the new location. We plan to make a big impact on the LA cannabis delivery marketplace.”
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 (OTC: SGMD), an innovator in the dynamic California cannabis sector, is positioned for opportunity as states that have already legalized cannabis, such as California, are seeing a spike in business due to the overwhelming convenience of product delivery. Sugarmade, as an innovator in the dynamic California cannabis scene with majority control and ownership of cannabis delivery service Nug Avenue, provides hand-selected top-shelf products from Stiiizy, Kanha, PlugPlay, Cookies and more. “Earlier this year, Sugarmade acquired a 70% stake in Nug Avenue, a Lynwood, California-based cannabis delivery operation, and launched a new business initiative for the licensed delivery of cannabis products,” reads a recent article that quotes Sugarmade CEO Jimmy Chan on the move. “We strongly believe the LA delivery market is the prime spot for expansion of our business,” said Chan. “California is the world’s sixth-largest economy, and LA County is by far the most significant driver, with over 25% of the state’s population. The Lynwood, California, site is optimal, as it is located along one of the major distribution freeways, allowing drivers to efficiently reach the more than 15 million consumers that live within a 30-mile radius of the new location. We plan to make a big impact on the LA cannabis delivery marketplace.”
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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