Sugarmade, Inc. (OTCPK: SGMD) - Breaking News - September 25, 2018

Hydroponic Hardware Key to Tapping Long-Term Profits of Burgeoning Cannabis Market
 

New York, NY – September 25, 2018 – CannabisNewsWire News Coverage:  The North American cannabis market continues to accelerate as Canada rockets towards the October 17 deadline for the nationwide legalization of recreational marijuana.

• Hydroponic market trying to keep up with booming cannabis market set to exceed $25 billion by 2021.

• Continued expansion of cannabis cultivation and demand for controllable production parameters are a boon to hydroponics industry.

• Healthcare sector increasing demand for CBD from sources such as industrial hemp.

• Regulatory reform throughout North America and Europe driving change in overall space.

To view an infographic of this editorial, click here.  

With the North American Marijuana Index up 33 percent over the last month and up nearly 550 percent over the last three years, it appears that this could be the front end of an ongoing boom that may have yet to even see its true heyday — something that could be triggered by the adoption of more widespread legislative reforms across several U.S. states, occurring in ways similar to California’s cannabis reforms. 

A Rollup Strategy in Hydro Hardware 

Sugarmade CEO Jimmy Chan explained in a recent shareholder Q&A that targeting home growers as well as smaller, profitable companies in the sector — companies that already have exceptional hardware offerings for professional cannabis processors and cultivators — is something that looks to be highly accretive. The strategy is quite simple, because while there is an explosion of new cannabis ventures in the market, few of these pioneering entrepreneurs of profitable operations possess access to public markets or equity-financed capital.  

Branching Out into CBD and Industrial Hemp 

In addition, Sugarmade announced in late August that the company has committed to investing $1 million over the next 12 months in Hempistry, Inc., the privately held cultivator of an ultra-high CBD strain of industrial hemp (less than 0.3 percent THC), which has reserved 23,000 acres of prime Kentucky farmland for the task. Moreover, Chan has been made an advisor of Hempistry, and the company’s investment will be in the form of common shares, positioning SGMD shareholders quite well should a Hempistry IPO ever come to the fore. A cultivation supply agreement signed between the two companies is the icing on the cake and demonstrates to investors how such a rollup strategy also represents additive revenue growth that will magnify Sugarmade’s already robust top-line growth rate. 

Cannabis-Related Hydroponics — A Tricky Market 

Scotts Miracle-Gro Company (The) (NYSE:SMG) had a strong quarter recently, with consumer purchases up 5.4 percent amid continued strength of the company’s core consumer lawn and garden products. The aforementioned acquisition of Sunlight Supply will reportedly bring the company’s Hawthorne Gardening segment up to an estimated $600 million a year in total sales, giving the company an impressive footprint across the general hydroponics supply market.  

Tilray, Inc. (NASDAQ:TLRY), which is focused on research, cultivation, production and distribution of medical cannabis and cannabinoids, has seen some impressive share price appreciation since the company’s IPO in July. The announcement in September that the company was granted DEA approval to import a cannabinoid study drug to the United States from Canada for use in a neurological movement disorder (essential tremor) study has really attracted a lot of investors to the company’s unique offerings and global reach. Tilray’s sophisticated array of full-spectrum and highly purified extracts deserves a second look from investors who may just be caught up in the hype and do not fully appreciate the company’s portfolio and value proposition.  

Lean, Mean, Green Machine 

For more information about Sugarmade, please visit Sugarmade, Inc. (OTC:SGMD). 

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Sugarmade in Acquisition Discussions-Files Disclosure Statement Concerning Upcoming Special Shareholder Meeting
 

City of Industry, Calif., September 12, 2018 - Sugarmade, Inc. (OTCPK: SGMD), one of the largest publicly traded hydroponics supply companies, today announced SeeThruEquity has initiated coverage on the Company with a price target of $0.30, with the reporting adding, “Sugarmade appears well-positioned to target the large and growing opportunity to supply hydroponics equipment and supplies to the legal cultivation market in the United States through its master marketing agreement with BizRight.”

Jimmy Chan, CEO of Sugarmade commented, “Having Sugarmade highlighted by SeeThruEquity is important to this management team. Over the past two years, Sugarmade has almost completely restructured. We have entered one of the fast growing sectors of the American economy, reduced debt levels, added a significant number of personnel, moved our headquarters, and most importantly, positioned our Company for substantial growth. Based on our growth rates, we now believe our $30 million revenue guidance for next year is very conservative. We welcome SeeThruEquity’s research coverage and look forward to supplying its analyst a steady stream of news on high quality developments regarding our progress.

SeeThruEquity analysts have placed a price target on Sugarmade common shares at $0.30, which represents a potential upside of 130.8% from the recent price of $0.13 on September 3, 2018. In the report, the firm further outlines expectations for the market in the 29 US states where regulations and laws have been relaxed. The outlook is impressive with the market expected to grow from $9.2 billion in 2017 to $47.3 billion by 2027. The report can be viewed at http://www.seethruequity.com.

Mr. Chan continued, “We share SeeThruEquity’s view of our chosen marketplace. We see continued growth in the states that have already opened up to legalization and additional growth as the remaining states and Europe relax regulations.”

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, and BudLife Storage Solutions. 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.
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.
Source:  Sugarmade, Inc.

Sugarmade in Acquisition Discussions-Files Disclosure Statement Concerning Upcoming Special Shareholder Meeting
 

City of Industry, Calif., Aug. 28, 2018 - Sugarmade, Inc. (OTCPK: SGMD), one of the largest publicly traded hydroponics supply companies, today announces the filing of a disclosure statement with the Securities & Exchange Commission concerning possible acquisitions by the Company. Sugarmade has begun formal acquisition negotiations with two companies that provide online and retail hydroponic and other agricultural cultivation supplies.

Mr. Jimmy Chan, CEO of Sugarmade commented, “The hydroponic supply sector is still highly fragmented with many of the larger players not likely to reach public company liquidity events for the original entrepreneurial teams. We have entered into talks with at least two of these companies for acquisition, which we believe will be highly accretive for common Sugarmade shareholders and additive to our already robust top line growth rate. We wanted to publicly disclose these discussions to ensure that all shareholders have equal access to our direction, thus our recent public filing.”

On August 21, 2018, the Company filed Schedule 14-A with the Commission calling for a special shareholder meeting at 750 Royal Oaks Drive, Monrovia, CA 91016, on October 10, 2018 at 8:00 a.m., Pacific Time. The purpose of the meeting is to: 1. To approve an amendment to the Articles of Incorporation to increase our authorized capital 300,000,000 common shares to 2,000,000,000 common shares 2.To approve the adjournment of the Special Meeting, if necessary or appropriate, to solicit additional proxies; an 3.To transact such other business as may properly come before the meeting, or any postponement or adjournment thereof. Management of the Company believes this shareholder vote is important as a vote in favor of the increase will allow the Company to facilitate the possible transactions outlined above.

Sugarmade’s filing, referenced above, can be view at www.sec.gov.

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, and BudLife Cannabis Storage Solutions. 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.

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.

For inquiries please contact Jimmy Chan at +1-(888)-982-1628 or info@Sugarmade.com.

SOURCE Sugarmade, Inc.
 

Sugarmade Applies for OTCQB Eligibility
 

City of Industry, Calif., Aug. 24, 2018 - Sugarmade, Inc. (OTCPK: SGMD), one of the largest publicly traded hydroponics supply companies, today announces its application for the OTCQB Venture Marketplace for the trading of Sugarmade common shares. The Company had previously announced, in error, its return to the OTCQB Venture Market. Management had thought the return to the OTCQB would be automatic once fully reporting status was restored, this assumption was incorrect and thus Sugarmade has reapplied.

Mr. Jimmy Chan, CEO of Sugarmade commented, "The OTCQB enables Sugarmade to build our visibility and expand liquidity for our shareholders without the rigid procedures and requirements that go along with an exchange listing. For these reasons, we have applied to the OTCQB and our application is under review. We believe we meet all the requirements and that the trading venue is optimal for Sugarmade."

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 , and BudLife Cannabis Storage Solutions. For more information on the Company's products, please visit http://www.Sugarmade.com .

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.

For inquiries please contact Jimmy Chan at +1-(888)-982-1628 or info@Sugarmade.com.

SOURCE Sugarmade, Inc.
 

Sugarmade Launchs Industrial Hemp and CBD Initiative
 

City of Industry, Calif., Aug. 21, 2018 - Sugarmade, Inc. (OTCPK: SGMD), one of the largest publicly traded hydroponics supply companies, today announces a new corporate initiative in the booming hemp market. Sugarmade is committing up to $1,0000,000 in capital over the next twelve months to invest in Hempistry, Inc. a privately held Nevada corporation, which has begun planting an ultra-high cannabidiol (CBD) industrial hemp strain in the U.S. State of Kentucky. Additionally, Sugarmade expects to sign an agreement with Hempistry for hemp cultivation supplies. Hempistry has already begun planting and has signed an agreement reserving up to 23,000 acres of prime Kentucky farmland for its exclusive use for hemp cultivation. Additionally, Sugarmade’s CEO, Jimmy Chan, announces he has become an advisor to and a shareholder in Hempistry, Inc.

According the Hemp Business Journal, the U.S. Hemp industry produced at least $820 million in revenues during 2017, with growth to over $1 billion for 2018, and an expected 14% compound annual growth rate through 2022. Much of the recent growth has come from the demand for hemp-derived CBD for use in health and wellness products. The strain of industrial hemp being grown by Hempistry is ultra-rich in CDB, but contains less than 0.3% of THC, the psychoactive ingredient found in marijuana. Hempistry has already begun planting and thus far has 100 acres of this high CDB strain under cultivation. In total, Hempistry has optioned 23,000 acres.

Sugarmade’s investment into the market for high-CBD hemp is expected to be highly accretive for common shareholders in two ways. First, Sugarmade’s investment will be in the form of common shares in Hempistry allowing Sugarmade common shareholders to possibly benefit from any future initial public offering of Hempistry. Second, Sugarmade is expected to sign a supply agreement with Hempistry for cultivation supplies, which would be additive to corporate revenues.

Jimmy Chan, CEO of Sugarmade commented, “Demand for industrial hemp and products derived from hemp is soaring with no let up in sight. We expect our direct investment into Hempistry to be accretive to common shareholders and our supply agreement to be lucrative. All of us at Sugarmade see a tremendous opportunity to become a supplier to this fast growing sector, thus we are today launching our first in a series of activities within the hemp markets. We plan to provide additional details relative to these hemp initiatives over the coming weeks.”

Jimmy Chan has also become an advisor and shareholder of Hempistry. Mr, Chan’s role within the Hempistry will relate to capital formation and consultation relating to the marketing of the biomass to processors and manufacturers. Mr. Chan is minority shareholder in Hempistry.

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, and BudLife Cannabis Storage Solutions. 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.

STATEMENTS: Nothing in the press release is an offering for any investment. This is not an offer to sell or a solicitation of any offer to buy any securities. Offers are made only by prospectus or other offering materials.

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.

Source: Sugarmade, Inc.
 

Sugarmade Moves Into European Hydroponic Market
 

City of Industry, Calif., Aug. 16, 2018 - Sugarmade, Inc. (OTCPK: SGMD) one of the largest publicly traded hydroponics supply companies, today announces expansion into the European market for hydroponics supplies by way of its first order via Amazon UK. Under the terms of the agreement, Sugarmade will supply dozens of SKUs to be sold in United Kingdom.

The European market is growing relative to hydroponics. U.S.-based importers and marketers have developed strong product lines at very attractive prices, based on worldwide sourcing. The quality of these products and reasonable price points have started to attract European cultivators who have not been able to source similar products at attractive prices within the European markets. This inability to source quality products at attractive price points creates a significant opportunity for suppliers such as Sugarmade.

Over the past few financial quarters, Sugarmade has seen revenue growth patterns expand geographically. Whereas as recently as mid-2017, the majority of hydroponic-related revenue growth was seen from the California and other west coast marketplaces, growth is becoming more geographically dispersed among U.S. states where legalization has eased restriction. This movement into United Kingdom further expands the base of geographic growth areas.

"We continue to grow in terms of top line revenue and in geographic scope," commented Jimmy Chan, CEO of Sugarmade. "While we have previously informed our investors of our $30 million revenue goal for next year, revenues continue to grow across the board. The lack of available products within the European markets provides Sugarmade additional revenue growth opportunities. We view this as a potential growth market for Sugarmade especially considering there are more than 740 million people in Europe compared to only about 360 million in the U.S. We believe even a few points of market share of this huge market will have a very positive effect on our growth rate."

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, and BudLife Cannabis Storage Solutions. 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.

Source: Sugarmade, Inc.
 

Sugarmade Inc. Reiterates $30 Million Revenue Guidance Within Cannabis Marketplace, Files Quarterly Results
 

City of Industry, Calif., July 18, 2018 - Sugarmade, Inc. (OTCPK: SGMD) one of the largest publicly traded cannabis-related hydroponics supply companies, reiterates its $30 million revenue guidance for next fiscal year after filing results for fiscal Q2 2018. Additionally, the Company is announcing today the termination of its culinary business line in order to increase emphasis on its hyper-growth market opportunities.

Sugarmade continues on a strong growth trajectory, which is expected to allow the Company to produce revenue of at least $30 million for the fiscal year ending 2019, representing annual growth of over 500 percent. The aggressive growth rate is being driven by rapid expansion within the cannabis marketplace, in particular the cannabis cultivation sub-sector, where a majority of the Company's products are focused.

"Over the past year, we have significantly enhanced our operational staff and our internal systems preparing for our rapid growth,” Jimmy Chan, CEO of Sugarmade, said. “With these changes, we believe we are optimally sized, but we want to ensure we are able to manage our aggressively planned growth rate. To this end, we have determined our culinary products are no longer strategic to our goals and thus we are terminating the marketing of these products in order to increase our focus on our highest growth product areas, which is the cultivation-related cannabis sector.”

Sugarmade today filed its financials for its fiscal Q2 of 2017, with the Company planning on filing its remaining outstanding fiscal quarter over the very short term, thus restoring the Company to fully reporting status.

"We believe our growth-induced reporting challenges are now over, allowing this management team to demonstrate to our investors the aggressive growth we already are realizing and expect to report over the near term," Chan concluded.

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 and BudLife™ Cannabis Storage Solutions. For more information on the Company’s products, please visit: http://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 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.

For inquiries please contact
Jimmy Chan
+1 (888) 982-1628
info@Sugarmade.com

Source: Sugarmade, Inc.
 

Sugarmade Files Quarterly Results - Provides Investor Update
 

City of Industry, Calif., June 11, 2018 - Sugarmade, Inc. (OTCPK: SGMD) one of the largest publicly traded cannabis-related hydroponics supply companies today informs its investors concerning the filing of financial results for the quarter ending September 30, 2017 and provides an update concerning additional filings and the direction of the Company.

Mr. Jimmy Chan, CEO of Sugarmade commented, "The filing of our financial results has been delayed as we revamped our financial team and systems in order to manage the strong growth we are currently realizing and to prepare for the growth we are forecasting for future periods. While we have experienced growing pains, the good news is we have implemented some strong systems and augmented our financial staffs, which will allow us to be more timely in future reporting. We will be back on track with our reporting very soon. We continue to believe our future is very bright, as we expand our operations and rapidly expand our revenue base."

Financial Reporting - Sugarmade has now filed its results for the quarter ending September 30, 2018 and is in process of finalizing reports for the quarters ending December 31, 2017 and March 30, 2018. Much of the delay in reporting was caused by personnel augmentations relating to the significant expansion of revenues and operations that is occurring. Sugarmade expects to return the Company to fully reporting status over the short term and sees no major issues moving forward relative to timely financial reporting.

Financial Staff and Functions – The accounting and financial staffs at Sugarmade have been significantly expanded with these new individuals mainly concentrating on integrating new revenues streams into the previously existing and newly installed financial management systems. These integrations have largely been completed, significantly streamlining the overall reporting function.

Revenue Growth – Sugarmade's revenues continue to grow at a rapid pace and will begin to be reflected in future financial filings and reports. Most of this revenue growth is being generated from online revenues directly related to the hydroponic cultivation sector. Management sees additional revenue streams being developed over the coming quarters.

Future Direction – Sugarmade plans to continue to expand aggressively within the hydroponic cultivation sector via its currently operating business arrangements. Additionally, the Company has continued its acquisition related activities, which management believes will likely lead to additional revenue growth, particularly relating to hydroponic market retail operations. Management is currently engaged in multiple discussions concerning acquisition within these market sectors.

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.

For inquiries please contact Jimmy Chan at +1(888)982-1628 or info@Sugarmade.com.

SOURCE Sugarmade, Inc.

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ABOUT SUGARMADE INC.

Founded in 2010, Sugarmade, Inc. is headquartered in City of Industry, California, a suburb of Los Angeles, with two additional warehouse locations in Southern California. We are a distributor of Tree Free paper made from 100% reclaimed sugarcane fiber, enhanced with bamboo. Sugarcane fiber, called bagasse, is a discarded byproduct of sugarcane production. These sustainable resources are used to produce environmentally friendly, high quality jam free paper, which is distributed to schools and other institutions via donations by local community members and via fundraisers. The environment is important to all of us a Sugarmade and we do all we can to protect resources for future generations. Sugamade, via its CarryOutSuppies.com business operation, is also a leading producer and wholesaler of custom printed and generic supplies servicing more than 3,000 quick service restaurants. Our products include double poly paper cups for cold beverage; disposable, clear, plastic cold cups, paper coffee cups, yogurt cups, ice cream cups, cup lids, cup sleeves, food containers, soup containers, plastic spoons and many other similar products for this market sector. We have become a key supplier to many popular U.S. franchises, particularly in the frozen dessert-related segments. We estimate we hold an approximate 40% market share of generic and printed products within the take out frozen yogurt and ice cream industries. We also hold a product supply and licensing agreement for the western part of the United States for the FreeHand® ThumbTray™. During March 2016, we completed the first phase of a new initiative to significantly expand the scope of our product offerings. The new product offering, www.CaliRestaurantSupplies.com, is an e-commerce platform that will launch during the first half of 2016. Upon launch, we plan to expand our product offering by an additional 2,000 products, with a total of 20,000 products available on our websites over the coming months.

Our products include Sriracha Season Stixs, a product to season meat, fish and poultry with original Huy Fong Foods, Inc. Sriracha Hot Chili Sauce. But instead of seasoning in the ordinary way, we season with Sriracha Seasoning Stixs from the inside out.

CarryOutSupplies.com is our oldest business division. It supplies custom and generic printed paper products to more than 2,000 quick service restaurants.

CarryOutSupplies.com is the Company's largest operating unit offering generic and printed paper and other products to take-out food establishments and restaurants. Operations of this business unit began in 2004 and since that time the CarryOutSupplies.com has services the needs of more than 2,500 customers throughout the United States.

During 2015, Sugarmade launched its advertising supported initiatives capitalizing on the impressive growth that had been realized from the CarryOutSupplies and Microsoft microphone off. This new business operating unit works directly with advertisers and brand owners in order to communicate brand messages to consumers.

The Company is involved in the manufacture and marketing of environmentally friendly tree free paper for home and office environments under the Sugarmade brand name. Sugarmade paper is 100% tree free made primarily of sugarcane waste, called bagasse, that if not recycled would be discarded or burned.

Sugarmade has also acquired a minority stake in several patents and products in the market for seasoning and spices for food items, which are offered under the SeasonStixs brand name. For more information, please see www.seasoningstixs.com.

About SeasoningStixs

In 2014, Sugarmade, Inc. made an investment in SeasoningStixs International, LLC. Seasoning Stixs owns a set of patents for a unique food science technology that allows for the seasoning of meats, fish and poultry from the inside out. Sugarmade, Inc. and SeasoningStixs International, LLC have recently entered into negotiations for Sugarmade to acquire the Company and its patents.

Professional chefs and home cooks know how extremely difficult it is impart flavors into meats, fish and poultry. Applying seasoning to the outside prior to cooking is of limited use and it also can produces bad flavors as a seasoning burns during the cooking process. Applying seasoning after cooking is also of limited use because very little of the flavors penetrate into the food. To compensate for these inadequacies, cooks have turned to marinades in order to impart flavor to not only to the outside of the food, but also in an attempt to flavor the inside of the meat.

However, any serious food scientists will tell you that marinades are of limited use and typically penetrate less than one quarter of an inch into the meat, fish or poultry. This inability to impart flavor directly into meat has been an issue for chefs, average cooks and backyard barbecue enthusiasts for generations. We can seasoning meat, fish and poultry from the inside out.By combining aspects of food science, high-tech manufacturing processes and healthy eating we have developed and patented a new process for seasoning meats, fish and poultry from the inside out. We call this revolutionary food science technology SeasoningStixs.

To understand how Seasoning Stixs work a little bit of food science education is required. One of the main issues that food scientist will explain to you relative to seasoning meat is that meat is mainly water. Water cannot be compressed, but must be displaced and until the water moves out of the way the seasoning cannot get into the meat fibers to flavor the dish. If water could be displaced from the meat fibers prior to cooking, seasoning would be easy, but of course this simply isn't possible. Fortunately, as the meat, fish or poultry is grilled, roasted, barbecued or otherwise heated, the water is displaced through evaporation. As this water displacement occurs the optimal time for seasoning the meet also occurs. This is where Seasoning Stixs are specifically designed to perform.

As heat is applied during the cooking process, the fibers of the meat begin to open up as water begins to evaporate. At approximately 100°F the Seasoning Stixs begins to change from a hard solid back into a powdered solid, which is taken up into the meat fibers in a similar manner to how water is absorbed by a sponge. Thus, the meat is seasoned from the inside out imparting fantastic flavors that had previously been impossible to obtain.

The process of imparting flavors from the inside out with SeasoningStixs works equally well you are roasting, brazing, grilling or barbecuing. Cooks who have begun to embrace sous vide methods should especially be interested in Seasoning Stixs as while sous vide does provide very precise temperature and timing control, the method imparts little to no flavors that are obtain via other cooking methods. Seasoning Stixs will allow the sous vide cook to impart desired flavors directly into the meat from the inside out.

A tree-free story where
every page is green.

The Company announces its plan to introduce Sriracha Seasoning Stixs under its licensing agreement with Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce.

Sriracha Seasoning Stixs are encapsulated Huy Fong Sriracha Sauce and other seasonings in the form of a "stick" which are inserted into meat, fish and poultry prior to cooking. Sriracha Seasoning Stixs are a hard solid at room temperature, but as heat is applied the sticks begin to liquefy allowing the meat fibers to act like a sponge absorbing all the delicious Sriracha flavors.

Sugarmade plans to announce several unique Sriracha blend formulations under its distribution agreement with Seasoning Stixs International with products available to Sriracha lovers worldwide by the end of this year.

Investor Relations

Dear Investors,

Thank you for your interest in our company. We trade under the stock symbol “SGMD” on the over-the-counter market.

Sugarmade, Inc. is a City of Industry, California-based, publicly traded company engaged in the promotion of brands and product that hold disruptive potential to current markets.

CarryOutSupplies.com supplies custom and generic printed paper products to the quick service restaurant industry. Our specialty is printed yogurt and ice cream paper cups for small sized operators in this space. It’s a little known fact that we one of the largest providers within this market sector.

The Company is also in process of introducing Sriracha Seasoning Stixs under our licensing agreement with Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce.

Sriracha Seasoning Stixs are encapsulated Huy Fong Sriracha Sauce and other seasonings in the form of a “stick” which are inserted into meat, fish and poultry prior to cooking. Sriracha Seasoning Stixs are a hard solid at room temperature, but as heat is applied the sticks begin to liquefy allowing the meat fibers to act like a sponge absorbing all the delicious Sriracha flavors.

Sugarmade plans to announce several unique Sriracha blend formulations under our distribution agreement with Seasoning Stixs International with products available to Sriracha lovers worldwide by the end of this year.

Sugarmade, Inc. and CarryOutSupplies.com hold a product supply and licensing agreement to bring the FreeHand® ThumbTray™ to the western part of the United States. The patent pending FreeHand product uses a strategically placed hole in the bottom of the tray that when combined with the powerful leverage of the thumb makes balancing a FreeHand ThumbTray loaded with food AND beverage practically effortless.

The company trades under the symbol “SGMD” on the over-the-counter market and is registered with the U.S. Securities and Exchange Commission with which it files periodic financial and other reports.

If you plan on being in the Los Angeles area and would like to meet with us, please do not hesitate to call to set up an appointment. We would love to have you stop by the office or give us a call to discuss how we are addressing this market in order to create value for all of our investors, management team members, directors of the board, and other stakeholde

Sincerely,

Jimmy Chan
CEO

Sugamade Board of Directors

JIMMY CHAN – CHAIRMAN
Jimmy Chan is our Chairman and since 2008 he has also been the Chief Executive officer of CarryOutSupplies.com. From 2005 to 2007, he served as the Vice-President, for Emergence Capital, LLC operating out of Garden Grove, California, which provided mortgage services to the general public. From 2003 to 2005, he was the Vice-President in charge of operations for Azusa Mobile, a T-Mobile authorized dealer, and prior to that he was the president of Cyber Gift, importing toys for distribution as a wholesaler

WAYLON HUANG – DIRECTOR
Waylon is a Director and has served as the chief operations officer of CarryOutSupplies.com since 2012. Waylon started his employment with the company in our accounting department working his way up through different management positions over the past 2 years. Prior to joining CarryOutSupplies.com, he was the ApoApo Store Manager for their Nogales and then Rowland Heights facilities, from 2004 to 2007. He has extensive experience in inventory control, materiel management, and operational planning, and has, during the preceding 6 years, added human resources to his range of knowledge and control. Waylon spends most of his time at the Los Angeles area company headquarters, but is also responsible for factory audits and therefore spent a considerable amount of his time overseeing the company's activities in Asia.

RICHARD KO – DIRECTOR
Richard Ko, is a Director of the Company. He has served in the internal audit department to CarryOutSupplies.com as well as providing assistance to quarterly and annual audits with external auditors and the company’s accounting department. Mr. Ko previously held positions in Hyundai Motor America’s Incentives department in addition to leadership roles in Firestone Complete Autocare, and many other service oriented industries. He currently holds a Bachelor’s degree from UCLA. With his leadership positions, Mr. Ko provides Sugarmade, Inc. leadership experience in operations, talent management, and governance.

SOURCE: www.sugarmade.com

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