Sugarmade Inc (SGMD)

[BioTrader209]

Jimmy Chan, CEO commented, "The move to the OTCQB Venture Market reflects the substantial accomplishments made over the past two years. We have restored the Company to fully reporting status, raised growth capital, significantly reduced costs, realigned our product portfolio and commenced shipments of several new products. Over the past quarter, we have begun to reduce our long-term debt levels and we are now seeing very strong interest in not only our legacy products, but also in our new products. Over the coming months, our investors will see additional progress."

Sugarmade recently announced two new products in the cannabis packaging sector, CannaShroud, which is a unique security-oriented odor control transport system and DabBox, a unique concentrate packaging product for processors and dispensaries. The Company has begun receiving orders for both products. Sugarmade also plans to launch, during the first calendar quarter, its Sriracha Seasoning Stix product under license from Huy Fong Foods, Inc., the makers of the REAL Sriracha sauce, and from Seasoning Stix International. Interest in the Sriracha product has been very strong with over 60,000 consumers already signing up for free and priority shipping upon product availability.