NetworkNewsBreaks – Sugarmade Inc. (SGMD) on Cou

NetworkNewsBreaks – Sugarmade Inc. (SGMD) on Course to Quadruple Distribution Footprint, Establish Cultivation Operations

Sugarmade (OTC: SGMD), an innovator in the dynamic California cannabis sector, has signed a definitive agreement to obtain three non-storefront California cannabis licenses from the Los Angeles Department of Cannabis Regulation (“DCR”), along with corresponding licenses from the California Bureau of Cannabis Control (“BCC”). Each of the licenses can be used for up to three of the five categories of licensed cannabis-related business activities allowed under the terms of these licenses: retail delivery, manufacturing, distribution, transport-only, and cultivation. “The company noted that by using each license for a combination of retail delivery of cannabis products with supply chain distribution of cannabis products and manufacturing/packaging of cannabis, it will possess the required licensing to open three new Nug Avenue locations; the company plans on opening the new operations in the Los Angeles metropolitan area,” reads a recent article. Sugarmade CEO Jimmy Chan is quoted as saying, “Once we have put all of these new licenses to use, we will have quadrupled our distribution footprint in the world’s largest cannabis market… We also continue to move toward establishing our own cultivation operations.”

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