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14.32% Very fast mover with huge volume already. The BIG news coming this week should bring the BIG gains! $SGMD
Latest tweet is massive: Sugarmade and Budcars See a massive revenue spike as Fears of COVID-19 Virus increase #Cannabis Deliveries. Press to follow this week. We are kicking the #Coronavirus in the butt with #Pot!! $SGMD #COVID2019 #CoronavirusOutbreak #CannabisMedicinal #cbdhealth #edibles
Latest PR is strong: Sugarmade Announces Budcars Delivery Volume
https://finance.yahoo.com/news/sugarmade-announces-budcars-delivery-volume-133010464.html
Still very oversold and underrated. $SGMD
Budcars will revolutionize this sector. Uber of Cannabis $SGMD
Budcars acquisition was a stroke of genius. $SGMD
Anything under a penny here is a golden ticket. $SGMD
Support is strong on this one. This is going to be a solid play for a while I believe. $SGMD
Global Hydroponics Market was valued at $24 billion in 2018 and is expected to register strong growth over coming years $SGMD
This cannabis gem is turning into a market darling. $SGMD
$SGMD is one of the largest publicly traded hydroponics supply companies moving into the industrial hemp space, is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade’s brands include: ZenHydro.com and CarryOutSupplies.com. Headquartered in Monrovia, California, a city within Los Angeles county, Sugarmade has various business operations in diverse marketplaces including packaging and paper goods for various industries, agricultural supplies.
Coming back up off some selling from the massive run we this week. Price is right for reentry here in my opinion. $SGMD
Budcars acquisition was a massive coup for $SGMD
$SGMD appears to be a steal at this price.
Nice.. What a great opportunity to buy this stock! $SGMD
volume already 800K...based on the new tweet.. CEO seems to be taking care of business here $SGMD
BudCars is the kind of brilliantly intuitive genius idea that you wish you had thought of first. $SGMD
i suggest for everyone to act fast, and get SGMD on your radar immediately $SGMD
SGMD is probably the most obvious candidate to take the early lead in this cannabis deliver theme.
This is one of the fastest-growing areas of the overall hemp industry, and the revenues from Budcars' sales is already pouring new. $SGMD
This is my premarket watchlist this morning.
Great dip opportunity here for those looking for an entry. $SGMD
Keep an eye out for updates. Give them a follow on twitter for the latest news. Check out $SGMD Sugarmade https://twitter.com/Sugarmade1
Taking advantage of this opportunity to add a bit. I see a ton of momo here and taking advantage of any dips is very smart way to play this in my opinion. $SGMD
The investment in Budcars and this geographic expansion are just the start of $SGMD’s moves into the bull run!
LOADING ZONE HERE!
$SGMD
Anything under $.01 is a gift for sure. $SGMD
The BIG news coming this week imo should bring the BIG gains! $$$$$$SGMD
BIG tweet out today $SGMD announce that Budcars Sales have more then doubled in Sacramento in the last two weeks!
Way under valued here ticker trading in the low subs. Watch for the big bounce! $SGMD
Smart negotiated agreement and geo expansion delivery here recently. The market has grasp positively yesterday $SGMD
Great Company, great cannabis, great future. Love investing in a company that will make the World a better place. $SGMD
$SGMD is probably the most obvious candidate to take the early lead in this cannabis deliver theme.
Management projects a #Budcars top-line run-rate capable of surpassing $15 million in sales in 2020. Huge additional revenues.
GM everyone
very bullish here. solid news from the company today $SGMD
$SGMD BIG NEWS OUT PRE MARKET THIS MORNING! THIS IS GOING TO EXPLODE!!!
NEW PRESS RELEASE: Sugarmade Announces Budcars Delivery Volume Growth Now Supports $15M+ 2020 Revenue Target
NEW YORK, March 04, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (SGMD) (“Sugarmade”, “SGMD”, or the “Company”) is excited to announce a dramatic 300 percent sequential monthly jump in delivery volume in BudCars Cannabis Delivery Service (“Budcars”) in February. The rise in volume follows the Company’s negotiated agreement toward a controlling stake in Budcars and its investment in expanding the leading delivery service’s operations and reach in Northern California. Management now projects a Budcars top-line run-rate capable of surpassing $15 million in sales in 2020, provided recent data on growth in daily orders is reliable and indicative of the impact of the Company’s recent measures over coming months.
The Company has negotiated a 40 percent stake in Budcars with a provisional option to assume a controlling ownership position through the acquisition of an additional 30 percent stake.
“Some of our shareholders have suggested that our vision for a massively expanded and vertically integrated Budcars might be explained to the world as the ‘Uber Eats of the cannabis market.’ But we believe that’s actually a dramatic underestimation of where Budcars is headed,” remarked Jimmy Chan, CEO of Sugarmade. “This is far more promising from a bottom-line perspective, given that we aren’t simply delivering someone else’s product. The retailer gets the juicy 20 percent net margin in this business. We are positioning ourselves as a 'Cannabis concierge service' focusing on a truly unique cannabis experience.”
Management notes that recent regulatory changes in the California legal cannabis market point to a dramatic turnaround in progress in 2020 as competition from unregulated suppliers is suppressed, widening margins for licensed producers and distributors. The Company cites this transition as key in driving its strategic investment in Budcars, which was predicated on a verticalization premise that positions the Company as a dominant cannabis supplier, driving market share gains through the value-add of its efficient delivery service without sacrificing the core margin opportunity coming into place as a legal cannabis supplier.
Since Sugarmade management became heavily involved in the day-to-day operational and strategic foundation of Budcars in early February, following its initial investment and investor agreement, the Company has witnessed a dramatic expansion in overall delivery volume with February deliveries topping January volume by more than 300 percent. The Company believes this jump has been driven by an improving overall cannabis market in California, an infusion of operational talent and resources, and an expanded geographic service area. In order to meet demand, Budcars is increasing its road fleet, inventory, staffing, and will be positioning strategic billboard campaigns along major freeways in the service region.
Chan continued, “Our move to take a controlling interest in Budcars is about capturing the healthy margins set to define the California legal cannabis market in 2020 and beyond, and about nailing down a competitive advantage in market share afforded by a well-organized delivery service, which is an enormous customer hot-button in the legal cannabis marketplace. So far, we are seeing powerful performance-based feedback from the marketplace that we’re on the right track.”
$GMD
$SGMD looking for a green close today after company tweet of updates!
very bullish here. solid volume as company tweeted
SugarMade announces updates on the way outlining a substantial increase in ownership of #BudCars and a rapid expansion across the United States & abroad. Details this week. $SGMD #CBDDelivery #CannabisDelivery #Cannabis pic.twitter.com/jXSgIaJJfN
— Sugarmade Inc (OTC:SGMD) (@Sugarmade1) March 3, 2020