Sugarmade Inc (SGMD)

[BCNstocks]

Amazon referenced in today's PR: "The Company’s online strategy, especially relating to placement on Amazon.com, has proven to be a significant success with the ipower and Simple Deluxe product lines now becoming “Best Seller” brands on the e-commerce site. Over the past year, the Company has continued to increase the number of its products available via the Amazon sales channel. As a result, the product lines now hold the Amazon “Best Rated in Greenhouse Ventilation Equipment.”

In addition, to growth via the Amazon channel, the operation has also been very successful via its own logistic, e-commerce, and fulfillment efforts. Management believes the Company now has a cost advantage by way of its 55,000-square-foot fulfillment center located in Irwindale, California. Located strategically along a logistics corridor, which directly connects to the Port of Long Beach, the Company is able to import and fulfill customer deliveries from a very low-cost position, especially relative to orders placed by the growing number of California-based customers. Internal Company analysis places this cost savings at an approximate 65% cost advantage compared to traditional warehousing and logistics structures."

$SGMD