SUGARMADE ANNOUNCES RELOCATION AND EXPANSION TO MEET
GROWING DEMAND IN THE CANNABIS MARKETPLACE
City of Industry, CA
-- February 06,
2018 -- InvestorsHub
NewsWire -- Sugarmade,
Inc., one of the largest publicly traded cannabis-related
hydroponics supply companies, is today proud to announce the
relocation of all business operations into a significantly larger
facility, as it moves to further implement the recently announced
marketing agreement with BizRight
Hydroponics,
Inc.
Via this
agreement, Sugarmade is expecting revenue growth during 2018 of at
least 400%.
"We do not have
nearly enough room at our current City of Industry, California
location to accommodate the growth we are already realizing and are
expecting for 2018 and beyond," commented Jimmy Chan, CEO of
Sugarmade.
"We are
seeing something very special in the current
marketplace.
Once
cultivation operators receive new licenses, one of the first moves
is to buy the supplies required to move into the vegetative
stage.
Fortunately, we are
seeing a lot of these orders, especially within the California
marketplace.
While
hundreds of cultivation licenses have already been issued, there is
still a significant backlog, which bodes well for us throughout
2018 and beyond.
With more
states coming online, the prospects are truly exciting."
Sugarmade's
new
operations center will consolidate nearly all corporate functions
under one roof.
The
warehouse section was custom made for high volume shipments and is
able to accommodate not only regular delivery trucks, but also full
cargo containers.
With its
close proximity to both Southern California's most important
freeway cargo routes and the vital port of Los Angeles, Sugarmade
will be able to speed both importation of goods into the facility
and delivery to customers.
Mr. Chan continued,
"Not only is the new
facility almost perfect for our needs, it is also located in close
proximity to our current location, which should minimize
move-related business disruption. We also have chosen this new
site, which is at the Monrovia Technology Campus, because
it offers a lot of
configuration flexibility, and
positioned
us
for
future
expansion. Our new address
will be 750 Royal Oaks Drive,
Suite 108, Monrovia, CA 91016."
About Sugarmade, Inc.
(OTC:SGMD):
Sugarmade, Inc. is a
product and brand marketing company investing in products and
brands with disruptive potential. Sugarmade's
brands
include ZenHydro.com, CarryOutSupplies.com, BudLife
Cannabis
Storage Solutions, CaliGrownSupplies.com, and Sriracha
Seasoning Stix, a revolutionary culinary seasoning product. For
more information on the Company's products, please
visit http://www.Sugarmade.com.
For inquiries please
contact Jimmy Chan at (888) 982-1628 or info@Sugarmade.com.
FORWARD-LOOKING
STATEMENTS: This release contains "forward-looking statements"
within the meaning of the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Forward-looking
statements also may be included in other publicly available
documents issued by the Company and in oral statements made by our
officers and representatives from time to time. These
forward-looking statements are intended to provide management's
current expectations or plans for our future operating and
financial performance, based on assumptions currently believed to
be valid. They can be identified by the use of words such as
"anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "would," "could," "will" and other words of
similar meaning in connection with a discussion of future operating
or financial performance. Examples of forward looking statements
include, among others, statements relating to future sales,
earnings, cash flows, results of operations, uses of cash and other
measures of financial performance.
Because
forward-looking statements relate to the future, they are subject
to inherent risks, uncertainties and other factors that may cause
the Company's actual results and financial condition to differ
materially from those expressed or implied in the forward-looking
statements. Such risks, uncertainties and other factors include,
among others such as, but not limited to economic conditions,
changes in the laws or regulations, demand for products and
services of the company, the effects of competition and other
factors that could cause actual results to differ materially from
those projected or represented in the forward looking
statements.
Any forward-looking
information provided in this release should be considered with
these factors in mind. We assume no obligation to update any
forward-looking statements contained in this report.