Sugarmade Inc (SGMD)

[Scoobydooooooo]

Ahead of schedule lol lol We, and the BudCars staff, are very excited about the Los Angeles expansions. We are actually expanding not into just a single LA location, but into two. The first of these expansions was expected to go online during July and significant progress toward opening has taken place. Unfortunately, we are getting delayed due to last-minute regulatory issues. For example, we are still working to get the security plan approved by local authorities and we have a few minor issues relative to facilities build-out concerning the Americans with Disabilities Act (ADA). As soon as these final issues are cleared, we plan to begin operations.

“On the positive side, we are ahead of schedule at the other Los Angeles site. We are happy to report the turn-up of this second site could occur sooner than was expected. While the California regulatory environment is difficult to navigate and there could be further delays. We are now envisioning both sites to be operational at the end of August. Of course, we see major business opportunities out of both sites once operations begin. We will be sure to keep everyone updated. We are working hard daily on both sites.”