Sugarmade
Exploring Potential Move into Omakase Sushi and Cannabis Venture
Space in West Hollywood LA
Company
exploring new cannabis delivery hub potential linked to thriving
omakase restaurant trend
MONROVIA,
CA -- March 16, 2022 -- InvestorsHub NewsWire
-- Sugarmade, Inc. (OTC
Pink: SGMD) ("Sugarmade" or the "Company"), an emerging company
in the licensed cannabis sector, is excited to announce that the
Company is exploring a possible joint venture with a
well-established business to create access to the Los Angeles
reservation-only omakase sushi restaurant marketplace.
The joint
venture may include an on-site cannabis event area and cannabis
delivery services hub.
Management believes
there is an opportunity to create a new model with potentially
wide-ranging implications for the LA-based cannabis marketplace and
its relationship with the reservation-only dining event
market.
"We
believe this presents a tremendous opportunity for Sugarmade to
break into a new market that aligns well with our established
expertise and infrastructure," commented Jimmy Chan, CEO of
Sugarmade. "On-site cannabis consumption is still extremely rare at
dining establishments in LA. The omakase phenomenon has become one
of the defining trends in the restaurant industry over recent
years. We believe this dovetails extremely well with the cannabis
trend. A partnership in this area may open the door to further
establishing Sugarmade cannabis products in the rapidly growing and
vibrant LA metro marketplace."
About Sugarmade
Sugarmade
Inc. (OTC:
SGMD) is a product and brand marketing company investing in
operations with disruptive or hyper growth potential. We are
headquartered in Monrovia, California, a suburb of Los Angeles. The
company's core strategic plan is centered on expanding its
end-market access as a central player in the growing California
cannabis delivery marketplace while developing its in-house
cannabis production capacity to verticalize operations in the
space. Through a combination of organic growth and strategic
acquisitions, Sugarmade intends to develop a full farm-to-door
vertically integrated cannabis business. Our Cannabis portfolio
includes CarryOutsupplies.com, SugarRush, NUG Avenue, Lemon Glow
and Budcars.
For
more information, please visit
www.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, uncontrollable
forces of nature 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.
Corporate Contact:
Jimmy
Chan
+1-(888)-982-1628
info@Sugarmade.com
Investor
Relations Contact:
EDM Media,
LLC
https://edm.media