SUGARMADE INC - SGMD STOCK NEWS

Sugarmade, Inc. (OTCMKTS: SGMD) announced on November 5, 2021, that its subsidiary Lemon Glow Company has obtained a conditional Use Permit (UP) from Lake County, California, for cannabis cultivation. This significant milestone is part of Sugarmade's strategy to expand its cannabis operations on a 640-acre property, potentially yielding 128,000 pounds of cannabis annually. The company aims to advance its vertical integration in the California cannabis market, preparing to apply for additional state licenses and permits necessary for cultivation.

Sugarmade (SGMD) has signed a Definitive Agreement to acquire three non-storefront cannabis licenses from the Los Angeles Department of Cannabis Regulation and the California Bureau of Cannabis Control. This move allows Sugarmade to open three new Nug Avenue delivery hubs, which can engage in retail delivery, manufacturing, and distribution of cannabis products. The company has already secured a property for one hub and aims to quadruple its distribution footprint in California’s cannabis market.

Sugarmade, Inc. (OTCMKTS: SGMD) has closed the acquisition of a property in Los Angeles to serve as a new distribution hub for its Nug Avenue cannabis delivery segment. This move comes on the heels of the company's signing of a Memorandum of Understanding to obtain three California cannabis licenses. The acquired property will be designated as a licensed cannabis delivery business under the Nug Avenue brand. Sugarmade's Nug Avenue has exceeded 10,000 members since its initial launch, indicating strong brand growth and market potential.

Sugarmade, Inc. (OTCMKTS:SGMD) has acquired Lemon Glow Company, gaining 640 acres in California, enabling significant outdoor cannabis cultivation. The property is projected to yield approximately 64 tons of cannabis annually. The acquisition was completed on May 25, 2021, following necessary approvals. This strategic move enhances Sugarmade's vertical integration in the cannabis market and adds an experienced management team from Lemon Glow. However, operations are pending the issuance of necessary permits.

Sugarmade (OTCMKTS:SGMD) reported significant growth in its Nug Avenue cannabis delivery operations, exceeding 10,000 unique members by June 2021. The company is actively pursuing acquisition of three non-storefront cannabis licenses in California, facilitating the opening of new delivery hubs. Additionally, Sugarmade is exploring opportunities in Oregon's booming cannabis market. CEO Jimmy Chan emphasized the company's strategy to create a vertically integrated cannabis model to enhance profitability and customer satisfaction.

Sugarmade, Inc. (OTCMKTS: SGMD) announced significant progress in its Nug Avenue operations, acquiring over 10,000 new members since March 2021. The company is acquiring three non-storefront cannabis licenses in California to establish new delivery hubs in Los Angeles. They are also exploring expansion into Oregon, which has a projected recreational cannabis market exceeding $1 billion this year. CEO Jimmy Chan emphasized the company's goal of vertical integration to enhance production control and improve customer satisfaction.

Sugarmade, Inc. (OTCMKTS: SGMD) has signed a Memorandum of Understanding to acquire three non-storefront California Cannabis licenses from the Los Angeles Department of Cannabis Regulation and the California Bureau of Cannabis Control. This acquisition enables the company to establish three new Nug Avenue cannabis delivery hubs in Los Angeles. The licenses will support retail delivery, supply chain distribution, and manufacturing of cannabis products, facilitating significant growth and revenue potential as the company expands its operations in the California cannabis market.

Sugarmade, Inc. (OTCMKTS: SGMD) announced the acquisition of Lemon Glow Company, Inc., finalizing the agreement to acquire 640 acres of property in Lake County, California. This acquisition includes 32 acres designated for outdoor cannabis cultivation, with an estimated annual yield of 128,000 pounds of cannabis. The Lemon Glow team, with over 30 years of experience, will join Sugarmade's management, enhancing operational capabilities. CEO Jimmy Chan believes this acquisition is a significant step toward creating a vertically integrated cannabis model in California's expanding market.

Sugarmade, Inc. (OTCMKTS:SGMD) has signed a Binding Letter of Intent to acquire Lemon Glow Company, Inc., including its assets and 640 acres of real estate in Lake County, California, designated for cannabis cultivation. The agreement allows for outdoor cultivation on 32 acres, with an estimated yield of 128,000 pounds of cannabis per year. The core management team from Lemon Glow, with over 30 years of experience, will stay on under three-year contracts. Sugarmade has committed $400K in earnest money and aims to close the deal within 30 days from March 28, 2021.