NetworkNewsBreaks – Sugarmade Inc. (SGMD) Establ
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Posted On: 02/02/2022 3:39:09 PM
NetworkNewsBreaks – Sugarmade Inc. (SGMD) Establishes Enviable Position in Legal Cannabis Market
Sugarmade (OTC: SGMD), an emerging leader in the licensed cannabis sector, is positioned in the growing legal cannabis market, which is expected to see an estimated 16.6% growth in the coming years. “At the beginning of 2021, Sugarmade CEO Jimmy Chan called 2020 a ‘landmark year’ for the company, telling shareholders that in 2021 SGMD would ‘continue to verticalize our model, creating a full farm-to-door structure that expects to produce high-quality branded cannabis products positioned in a vertical in-house supply chain. We expect that this will provide Sugarmade with optimal margins,’” a recent article reads. “The strategy for 2021 appears to have paid off as Sugarmade’s Nug Avenue hub in the Los Angeles metro area has grown dramatically since opening in March 2021. In addition, the company is making significant progress on opening a second Nug Avenue location and has implemented new cannabis delivery technology to establish a competitive advantage in its core delivery zone. Finally, in 2021 the company moved closer to its goal of first planting at the large 640-acre outdoor cultivation site associated with its recently acquired Lemon Glow subsidiary.”
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 emerging leader in the licensed cannabis sector, is positioned in the growing legal cannabis market, which is expected to see an estimated 16.6% growth in the coming years. “At the beginning of 2021, Sugarmade CEO Jimmy Chan called 2020 a ‘landmark year’ for the company, telling shareholders that in 2021 SGMD would ‘continue to verticalize our model, creating a full farm-to-door structure that expects to produce high-quality branded cannabis products positioned in a vertical in-house supply chain. We expect that this will provide Sugarmade with optimal margins,’” a recent article reads. “The strategy for 2021 appears to have paid off as Sugarmade’s Nug Avenue hub in the Los Angeles metro area has grown dramatically since opening in March 2021. In addition, the company is making significant progress on opening a second Nug Avenue location and has implemented new cannabis delivery technology to establish a competitive advantage in its core delivery zone. Finally, in 2021 the company moved closer to its goal of first planting at the large 640-acre outdoor cultivation site associated with its recently acquired Lemon Glow subsidiary.”
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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