Sugarmade Inc. (SGMD)
OTCQB OTCQB Primary Summary
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Sugarmade Inc. Profile
| Paper & Forest Products Industry | Materials Sector | Jimmy Chan CEO | OTCQB Exchange | 865040307 CUSIP |
| US Country | 8 Employees | - Last Dividend | 20 Oct 2023 Last Split | - IPO Date |
Overview
Sugarmade, Inc. is a diverse company rooted in the paper and paper-based product industry within the United States. Founded in 2009 and located in Monrovia, California, it has expanded its operations to encompass a wide range of products and services. The company strategically segments its operations into three key categories: Paper and Paper-Based Products, Non-Medical Supplies, and Cannabis Products Delivery Service and Sales. This broad diversification allows Sugarmade to target different markets, from quick-service restaurants to the burgeoning cannabis industry, showcasing its adaptability and innovative approach to business.
Products and Services
- Paper and Paper-Based Products: Sugarmade specializes in producing and wholesaling a comprehensive range of custom printed and generic supplies. This includes environmentally friendly and disposable items like plastic cold cups, paper coffee cups, yogurt cups, ice cream cups, and corresponding accessories such as cup lids and cup sleeves. Their edible packaging, food containers, and soup containers cater to the needs of quick-service restaurants, emphasizing convenience and sustainability.
- Non-Medical Supplies: Recognizing the growing demand for safety and hygiene products, Sugarmade offers non-medical personal protective equipment (PPE). This addition to their product line reflects the company’s commitment to contributing to public health and safety by providing essential supplies to businesses and consumers alike.
- Cannabis Products Delivery Service and Sales: Sugarmade has ventured into the cannabis market with its delivery and sale services under the brand names BudCars, Lemon Glow, and Nug Avenue. This service caters to the needs of cannabis consumers by offering a convenient and discreet way to purchase products from the comfort of their homes. By embracing the shifting legal landscape surrounding cannabis, Sugarmade aligns itself with new market opportunities and consumer trends.
Furthermore, Sugarmade facilitates the accessibility of its diverse product range through its online platform, CarryOutSupplies.com, enhancing its reach and customer convenience.
