- Cannabis-delivery acquisitions increasing as companies want in on explosive growth of e-commerce cannabis sales
- CEO announces newly acquired property will serve as location of new SGMD Nug Avenue delivery hub
- Sugarmade signed MOU for licenses to serve as essential piece of plan to open three cannabis-related commercial operations in California
Amid growing interest and acquisition activity in California’s direct-to-consumer cannabis delivery sector, Sugarmade (OTC: SGMD) has closed on its most recent acquisition, a parcel of prime property in Los Angeles, which it plans to use as a new distribution/delivery hub for its Nug Avenue cannabis delivery segment (https://cnw.fm/50vhI).
“The explosive growth of e-commerce during the COVID-19 pandemic has propelled new interest in acquisitions involving direct-to-consumer cannabis delivery,” reported a recent MJBizDaily article (https://cnw.fm/m33B6). “Some marijuana companies have…
NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://cnw.fm/SGMD
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