Sugarmade, Inc. (SGMD) Releases Numbers, Calls June ‘Breakout’ Month for BudCars Growth for ‘Every Single Metric’

July 20, 2020 10:41:48
  • SGMD’s BudCars sales topped more than $500,000; company grew for third consecutive month
  • ‘We did more business with more people and booked a significant jump in gross profits while holding our 47% gross margin level as volume increased,’ CEO reports
  • Company expects to close out first half of 2020 with a linear pace already at $6 million

Sugarmade (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, released June numbers for its burgeoning BudCars Cannabis Delivery Service. Of note in the report were sales that topped more than $500,000 and impressive growth for the third consecutive month.

“June was another breakout month for BudCars growth across basically every single metric important to gauging our progress,” said Sugarmade CEO Jimmy Chan…

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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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