Sugarmade (SGMD) Secures Cultivation Facility, Continues Impressive Upward Trajectory
Jul 10, 2020
- Secures a 5,000-square-foot facility with potential for 250 pounds output per month
- Seeing month-over-month growth with BudCars across all metrics
- Submitted application to expand BudCars into cannabis cultivation
Sugarmade (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, recently secured a 5,000-square-foot indoor premium cannabis cultivation facility. Located near its Sacramento Budcars Cannabis Delivery Service hub, this new facility has production potential for as much as 250 pounds of premium dried cannabis flower per month. Based on current local averages the facility has the potential of producing as much a $1.6 million in new BudCars sales per month. As a vertical farm-to-door operation the company would also experience significant savings in cost.
BudCars is a top-shelf cannabis retail business that offers same-day delivery of top-quality product. Customers can choose from edibles, flower, pre-rolls, vapes, tinctures and concentrate from dozens of premium brands. Once the selection is made and the purchase completed online. BudCars delivers to…
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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