- SGMD releases key numbers for BudCars Q3 2020 financial report
- CEO reports that company “continues to perform, setting records in basically every key metric we track”
- BudCars has seen consistent growth since Sugarmade acquired 40% stake in the Sacramento-based cannabis delivery service
Steadily growing gross margins, more than 60% growth and $2 million in gross receipts are a few of the highlights in an announcement (https://cnw.fm/SLg0m) made by Sugarmade (OTCQB: SGMD) featuring the Q3 2020 numbers for BudCars Cannabis Delivery Service. SGMD owns a 40% stake in BudCars, along with an option to acquire an additional 30%.
“BudCars continues to perform, setting records in basically every key metric we track,” said Sugarmade CEO Jimmy Chan. “It was a tremendous quarter, with a big jump in customers and regional market share and robust margins on every sale. That paints a very motivating picture as we gear up to significantly. . .
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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