Sugarmade (OTC: SGMD) is an emerging leader in the licensed cannabis sector. The company has “set its eyes on expanding its end-market access as a central player in the growing California cannabis delivery marketplace while also developing its in-house cannabis production capacity to verticalize operations in the space,” reads a recent article. “Sugarmade currently operates Nug Avenue, a cannabis delivery service located in the Los Angeles metropolitan area. The location opened in March 2021, and by the end of June 2021, it had more than 10,000 unique members. That growth has continued, and the company now has nearly 25,000 unique members with plans for a second location underway and other locations being explored. In addition, SGMD has implemented new cannabis delivery technology to establish a competitive advantage in its core delivery zone: the Onfleet last-mile solution with Blaze. And Sugarmade is finalizing plans for its first planting at the large 640-acre outdoor cultivation site associated with its recently acquired Lemon Grow subsidiary.”
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About Sugarmade Inc.
Sugarmade is a product and brand marketing company investing in operations with disruptive or hyper growth potential. The company is headquartered in Monrovia, California, a suburb of Los Angeles. Sugarmade’s core strategic plan is centered on expanding its end-market access as a central player in the growing California cannabis delivery marketplace while developing its in-house cannabis production capacity to verticalize operations in the space. Through a combination of organic growth and strategic acquisitions, Sugarmade intends to develop a full farm-to-door vertically integrated cannabis business. The company’s cannabis portfolio includes CarryOutsupplies.com, SugarRush, Nug Avenue, Lemon Glow and Budcars. For more information, please visit www.Sugarmade.com.
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