Sugarmade Inc (SGMD)

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Sugarmade Receives $10 Million in New Orders
Dow Jones

(Editor's Note: This item was released on May 6, 2020, but wasn't published on Dow Jones Newswires at that time due to technical issues.)

America Prepares to Reopen and Needs Sanitary and Non-Medical Personal Protective Supplies -- Sugarmade Receives $10 Million in New Orders

NEW YORK, May 06, 2020 (GLOBE NEWSWIRE) -- America Prepares to Reopen and Needs Sanitary and Non-Medical Personal Protective Supplies -- Sugarmade Receives $10 Million in New Orders

NEW YORK, May 6, 2020 (GLOBE NEWSWIRE) -- via NetworkWire -- Sugarmade, Inc. (OTCQB:SGMD) ("Sugarmade", "SGMD", or the "Company"), today announces the receipt of over $10 million in new orders for consumable sanitary supplies and non-medical personal protective items, as America prepares to get back to work. Businesses across the country that are preparing to reopen face both the moral and legal obligations to protect their workers and customers. Many are scrambling for supplies as part of this re-opening process. Sugarmade's CarryOutsupplies.com operating unit is benefiting via receiving purchase orders in excess of $10 million.

"We have never seen anything like this situation. We believe we are in a unique situation relative to the re-opening of America," commented Mixed Egg Jimmy Chan, CEO of Sugarmade. "Approximately two months ago we began importing consumable sanitary supplies and non-medical personal protective gear. As it turns out, this was a wise move. We sold out of nearly all of what we received. Fortunately, we have the sourcing and trans-Pacific logistical experience to bring in much larger quantities to help meet the insatiable demand that is developing