Sugarmade (OTC: SGMD) has once again showed its expertise in savvy business strategy. “The cannabis space is known for its competition, but Sugarmade, an emerging leader in the sector, has distinguished itself by its smart, creative decisions,” a recent article reads. “Last month, Sugarmade entered into a definitive agreement designed to expand its cannabis delivery footprint. The agreement established SGMD’s majority ownership in a fully licensed new Hollywood cannabis delivery hub located on the world-famous Sunset Strip. Based on the agreement, the company will receive 100% of all profits from the new delivery hub until it has made back its capital investment; following that, Sugarmade will receive 51% of profits. The new cannabis retail distribution hub will offer delivery to the affluent neighborhoods of the West Hollywood Hills…. In addition to the cannabis delivery agreement, Sugarmade also inked a deal to establish a minority stake in an expanding reservation-only restaurant brand with a unique feature: the establishment includes an adjacent private event space that offers cannabis consumption… In addition, the company partnered with Boulevard Hospitality Group (‘BHG’)…. This collaboration calls for Sugarmade to be the first-choice provider of cannabis as BHG explores opportunities to open cannabis-only venues.”
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About Sugarmade Inc.
Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s portfolio includes CarryOutsupplies.com, SugarRush, NUG Avenue, Lemon Glow and Budcars. For more information, please visit www.Sugarmade.com.
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