Sugarmade Rides the Wave of Positive Change in the CA Cannabis Market with Stake in Budcars Cannabis Delivery Service - Seite 2

The $700,000 investment in Budcars will be utilized by the firm for service and product improvements and to expand the number of geographic areas served.  None of the investment is being used to buy out previous equity stakeholders of Budcars.

Mr. Chan continued, “Sugarmade is in talks with multiple other licensed cannabis processors, delivery services and retailers for similar business combinations, as part of our corporate growth initiative.  We plan to take advantage of the many changes in the California marketplace, with Budcars being the first of what we expect to be many other growth-oriented corporate actions.”

About Sugarmade, Inc.
Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential.  For more information please reference www.sugarmade.com

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