Sugarmade Inc. (SGMD) Capitalizing on Steep Increase in Cannabis Space, Strengthening Diverse Portfolio

  • SGMD offers diversified portfolio across various industries, including cannabis and industrial hemp
  • Cannabis sales have increased during pandemic; social distancing hampers in-store sales, so delivery seeing increased volumes
  • SGMD capitalizing on growing relevance of cannabis delivery with its BudCars delivery service

Sugarmade (OTCQB: SGMD), a leading, multidivisional/multiproduct supply company crossing various industries, is focused on developing a diversified brand portfolio and revenue growth through strategic acquisitions. SGMD’s most recent acquisition, BudCars Cannabis Delivery Service has been a particularly strong move for the company as it strengthens its position in the growing hemp market.

Declared essential in nearly all of the 33 states with legalized recreational and medical markets, the cannabis industry has seen an increase in sales during COVID-19…

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