Wrong!
The future is BRIGHT with Stix and Budlife!
The Stix are just STARTING! Recent PR 9/14 informed us:
Sugarmade today announces the signing of a Letter of Intent with Seasoning Stix International, LLC to acquire the marketing rights to all Seasoning Stix products. The LOI also includes an option to purchase the entire company, its assets and rights to the three issued U.S. patents behind the Seasoning Stix products.
"Even though, according to industry analysts, the $13 billion market for seasonings continues to grow at nearly 5% per year, there have been very few new product introductions in decades. We think Sugarmade's initiative with Seasoning Stix can change this dynamic. We are already successfully marketing the Sriracha Seasoning Stix version of this product, with real Huy Fong Foods Sriracha Hot Chili Sauce, but through this pending arrangement we will be able to significantly expand our product offerings to potentially hundreds of additional blends," commented Jimmy Chan, CEO of Sugarmade.
Under the terms of the proposed agreement, Sugarmade will immediately begin marketing all of the additional Seasoning Stix blends, which will significantly expand the number of products offered by Sugarmade and its revenue base. Additionally, Sugarmade will be placing a number of large orders to build the inventory needed to meet expected demand.
Mr. Chan continued, "This intellectually property is very flexible and we feel represents the first revolution on the seasoning market in decades. With the Seasoning Stix technology the combination of blends is limited only by our imaginations. We will even be able to encapsulate other leading seasoning and spice blends into Seasoning Stix representing an entirely additional potential revenue stream for Sugarmade.
