CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Reports Record Increase in BudCars Sales Ahead of LA Launch, Expects Continued Dramatic Growth

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service, today announced record growth data for BudCars sales during the month of April, with sales growing 58% on a sequential monthly basis over March sales on an average daily volume basis. According to the update, data for the month of May already indicates a strong continuation of that trend, with May sales on pace to add another 16% over and above the strong breakout sales trend seen in April. “We did about $6,000 per day in sales in March and over $9,500 per day in April, representing a very robust growth trend at our Sacramento hub,” Sugarmade CEO Jimmy Chan said in the news release. “May is already off and running at better than $11,000 per day, demonstrating continued dramatic growth. And investors should also note that this $11,000 per day figure represents activity in only one area. With our LA hub set to come online at the start of summer, and with the unprecedented stay-at-home extension in that region, we believe our daily sales in the LA area could triple that figure relatively quickly.”

To view the full press release, visit http://cnw.fm/0AdLO

About Sugarmade

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. More information on Sugarmade can be accessed at: www.Sugarmade.com. Sugarmade sees opportunities in business operations that combine the best areas of on-demand consumer distribution with certain areas of synergistic manufacturing and packaging to create a business model that capitalizes on the many changes in the cannabis industry. The company has made agreements with several market participants, which will be announced within Q1 and Q2 of Calendar Year 2020. The company views these opportunities as very scalable and capable of producing strong revenue growth for the company.

NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://cnw.fm/SUGAR

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