Sugarmade Inc.’s (SGMD) Shift Toward Virtualization of Cannabis Sector, On-Demand Economy Pays Off with Dramatic Increase in Volume

April 23, 2020 10:50:16
  • SGMD acquires significant stake in Sacramento-based Budcars Cannabis Delivery Service
  • Sugarmade sees dramatic expansion in overall delivery volume; March deliveries top Februray volume by more than 300%
  • Company’s strategy to capture healthy margins, nail down competitive advantage in market share looks to be right move

A “new and bold shift in its business strategy” made earlier this year by Sugarmade Inc. (OTCQB: SGMD) appears to have paid off big time for the company. Committed to play in the Hemp and Cannabis space, SGMD announced ( that it was moving “toward the virtualization of the cannabis sector as part of the major shift in the U.S. business model toward an on-demand economy.”

In the weeks following the announcement, Sugarmade made several strategic moves to launch on-demand and related business operations through internally developed initiatives and new relationships with proven sector business operators. Among the most immediately successful of those moves was…

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NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at

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