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Sugarmade, Inc. (OTC: SGMD) - Breaking News - June 15, 2017

 


Sugarmade Signs Exclusive West Coast distribution for Patented Breakthrough Cannabis Storage Technology


City of Industry, Calif., June 15, 2017 - Sugarmade, Inc. (OTC: SGMD), today announces the signing of an exclusive distribution agreement with privately held Plantation Corp. for its breakthrough preservation technology based on radical integration of specialized gases and natural agents, that dramatically extends the useful life of medical marijuana up to six months by actively monitoring the internal containers environment and automatically adjusting its atmosphere as needed; all without the need for refrigeration.

Under the terms of the agreement, Sugarmade gains exclusive distribution to the largest U.S. markets, California, Oregon and Washington markets through 2018, including the very important hydroponic retail distribution network, with automatic renewals based on success milestones. Plantation and Sugarmade expect to begin distribution of the products later this year.

The storage containers will be protected via a strong patent portfolio, which protects the use of a modified atmosphere container for storing cannabis. As such the cannabis container system being developed will be unique, and cannot be copied or replicated by a competitor.

Jimmy Chan, CEO of Sugarmade, commented, “This is a critical capability in the case of cannabis, since unlike fruits and vegetables that thrive in chilly conditions, refrigeration degrades and undermines the efficacy of the plant medical benefits. Simply put, the technology’s innovative features extend the life of medical marijuana, while protecting it from infestation, mold and pathogens to ensure product safety. This is a major event for our Company that will further solidify our growing presence in this booming industry.

About Sugarmade, Inc. (OTCQB:SGMD)
Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade’s brands include CaliGrownSupplies.com, CarryOutSupplies.com, FreeHand ThumbTray, and Sriracha Seasoning Stix, a revolutionary culinary seasoning product under official license from Irwindale, California- based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. For more information on the Company's products, 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 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 (888) 982-1628 or info@Sugarmade.com.

SOURCE Sugarmade, Inc.
 

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Sugarmade Joins the Cryptocurrency World - Now Accepting Bitcoin on Hydroponic Sales and Other Websites


City of Industry, Calif., June 13, 2017 - Sugarmade, Inc. (OTC: SGMD), today announces it is joining the cryptocurrency world with the acceptance of bitcoin for all purchases on its e-commerce and B-to-B websites. Bitcoins will now be able to be used to purchase the thousands of products offered on http://www.CaliGrownSupplies.com and http://www.CarryOutSupplies.com.

"We are happy to accommodate the many requests we have received for payment via bitcoin," commented, Jimmy Chan, CEO. "Our web traffic has grown substantially this year and with the recent turn up of our new website, which offers hydroponic supplies, flexible payment terms are more important than ever. Bitcoin provides our customers this flexibility while allowing Sugarmade to control costs."

Sugarmade has implemented the payment platform offered by Bitpay.com for this cryptocurrency payment function, as management believes it is one of the most flexible on the marketplace. Bitcoin payment functions are expected to be operational over the next few days. The Company expects this implementation to significantly reduce its credit card process costs, reduce chargeback fraud, and limit potential losses due to identity theft, all while allow increased flexibility for customers.

About Sugarmade, Inc. (OTCQB:SGMD)

Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade's brands include CaliGrownSupplies.com, CarryOutSupplies.com, FreeHand ThumbTray, and Sriracha Seasoning Stix, a revolutionary culinary seasoning product under official license from Irwindale, California- based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. 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’s Receives Purchase Orders Hydroponic Supplies


City of Industry, Calif., June 7, 2017 - Sugarmade, Inc. (OTC: SGMD), today announces the signing of supply agreement that consist accumulative of $3 million hydroponic supplies orders, which will be delivered over the coming 12-month period. As a result of these new orders, the new business to business website, www.CaliGrownSupplies.com, which launched last week, and other new product introductions, the Company is fulfilling its commitment to expand its business operations into the very fast growing hydroponic and growing supplies marketplace.

Mr. Jimmy Chan, CEO, commented, “This represents a major milestone for Sugarmade and a huge jumpstart into the new market segment. Our other business divisions are already producing strong results, so these new orders will be additive to our already growing level of success. We are expecting calendar 2017 to be a terrific year as we expand further into the market for hydroponic supplies. We are able to take on this new business as a result of our balance sheet restructuring, which is ongoing, and new working capital that has come into the Company. This has added a significant amount of flexibility to our business and will allow us to further expand our operations.”

Under the terms of the twelve-month agreement, Sugarmade will manufacturer and distribute various hydroponic supplies, which will be placed into various retail and online sales venues.

About Sugarmade, Inc. (OTCQB:SGMD)

Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade’s brands include CaliGrownSupplies.com, CarryOutSupplies.com, FreeHand ThumbTray, and Sriracha Seasoning Stix, a revolutionary culinary seasoning product under official license from Irwindale, California- based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. For more information on the Company's products, please visit www.Sugarmade.com.

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

SOURCE Sugarmade, Inc.
 

 

Sugarmade Announces Significant Business Expansion – Brings Online CaliGrownSupplies.com Hydroponic Supply Site


City of Industry, Calif., June 1, 2017 - Sugarmade, Inc. (OTC: SGMD), today announces a major business expansion through the introduction of CaliGrownSupplies.com, a new division of the Company targeting the fast growing hydroponic supply sector. The focus of the new business unit will be on business-to-business e-commerce, and manufacturing and distribution of hydroponic-related supplies.

The new business initiative capitalizes on the vast experience Sugarmade’s staff has gained via the operation of its CarryOutSupplies.com division, which services more than 3,000 business customers. The Company has recently announced that the CarryOutSupplies.com division continues to grow with strong order flow and record web traffic.

“We have been working on bringing CaliGrownSupplies.com on line for the past year and we are excited about the launch,” commented Jimmy Chan, Sugarmade’s CEO. “This type of business is not new to us. Since 2004, we have been a significant provider of business-to-business e-commerce and we now plan to use this experience to further expand our operations in the hyper-growth hydroponic related markets. It’s an excellent area of growth for the Company and its employees and investors.”

Sugarmade plans aggressive growth in the number of products available for sale on the site with additions expected every few weeks through the end of the year. The site can be view at www.CaliGrownSupplies.com.

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

About Sugarmade, Inc. (OTCQB:SGMD)

Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade’s brands include CaliGrownSupplies.com, CarryOutSupplies.com, Sugarmade Tree Free Paper, FreeHand™ ThumbTray™, and Sriracha Seasoning Stix™, a revolutionary culinary seasoning product under official license from Irwindale, California- based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. For more information on the Company's products, 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 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's CarryOutSupplies Division Continues Strong Growth on Strengthening Order Flow


City of Industry, Calif., May 24, 2017 - Sugarmade, Inc. (OTC: SGMD), today outlines the strong growth that is continuing from within its CarryOutSupplies.com business operations, which services more than 3,000 quick service restaurants with custom printed and generic supplies. Over the past year, growth has been led by not only the introduction of new products, but also due to a significantly increased Internet presence. As a result, the Company is expecting record growth for the remainder of the calendar year.

CarryOutSupplies.com had recently added more than 1,000 new items to its quick service restaurant product portfolio and is in process of adding more each month. With a continued emphasis on customer retention, in addition to new product additions, the division has been able to position the business for strong growth in 2017, while at the same time reducing headcount and meaningfully reducing costs.

"Not only do our revenues continue to grow, so does out Internet traffic, which, in our opinion, is a strong indicator of future growth," commented Jimmy Chan, CEO. "For the past nine months, the total visitors to our website has grown by an average of 41% sequentially each month. Additionally, our average order size continues to grow with recent monthly statistics showing more than a 50% increase in order size over levels experienced during the last half of the calendar year. We remain very positive about our continued stability and growth of our core legacy business at a time when we are launching new growth initiatives in cannabis packaging. We also plan to soon launch an entirely new website dedicated only to hydroponic supplies and equipment."

About Sugarmade, Inc. (OTCQB: SGMD)
Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade's brands include CarryOutSupplies.com, Sugarmade Tree Free Paper, FreeHandâ ThumbTrayâ and CannaShroud, the world's first Cannabis specific shipping systems. Company has recently launched its initial marking efforts for Sriracha Stix, a revolutionary culinary seasoning product under official license from Irwindale, California- based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. 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
(888) 982-1628
info@Sugarmade.com.

SOURCE Sugarmade, Inc.
 

 

Sriracha Stix by Sugarmade Enter Production, Now on Kickstarter With Rewards Available to Backers by Father's Day


City of Industry, Calif., May 17, 2017 - Sugarmade, Inc. (OTC: SGMD), has announced that production has begun for Sriracha Stix, now on Kickstarter with rewards available by Father's Day. Seasoning Stix are solid sticks of seasoning combined with real Huy Fong Foods, Inc. Hot Chili Sauce, which are inserted into meat, poultry and fish prior to cooking, to season with spicy deliciousness from the inside out. "We are very proud to use only real Sriracha Sauce from Huy Fong Foods, Inc. in Sriracha Stix, commented Jimmy Chan CEO of Sugarmade. "Chefs are already using Sriracha Stix in their culinary creations and soon these will be in the kitchens and on the grills of our Kickstarter backers, just in time for grilling season and Father's Day."

Sriracha Stix are inserted into food as a solid, but as cooking progresses the Stix change into a liquid allowing the food to absorb the seasoning from the inside out. With demand growing, manufacturing has begun and samples are now available to qualified media and press by email to info@SrirachaStix.com or by texting the Sriracha Stix hotline at (401) 227-7849. The Sriracha Stix Kickstarter page can be viewed at http://kck.st/2qsv4v7 online.

About Sugarmade, Inc. (OTCQB: SGMD)

Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade's brands include CarryOutSupplies.com, Sugarmade Tree Free Paper™, FreeHand ThumbTray®, and Sriracha Stix™. The Company has recently launched its initial marking efforts for Sriracha Stix™, a revolutionary culinary seasoning product under official license from Irwindale, California- based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce.

Sriracha 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. The Sriracha Stix press kit can be viewed at

https://www.dropbox.com/sh/fgnu4tekd15beqm/AADcho0i57NIrEVrS9vgs5Mia?dl=0

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 Expecting Record June Quarter Revenue on New Products - Announces Preliminary March Quarter Revenue Results


City of Industry, Calif., April 26, 2017 - Sugarmade, Inc. (OTC: SGMD), today provides investors with an outlook for the current fourth fiscal quarter ending June 30, 2017, and makes comments relative to preliminary revenue results for the recently ending March Quarter. Based on current revenue growth rates, Sugarmade is expecting to report record revenue for the three-month period ending June 30, 2017. The anticipated increase is being driven by continued strong sales to the Company's legacy customer base and orders for new products, including the Company's recently introduced transport and storage products.

For the quarter ending March 31, 2017, the Company expects to report revenues of approximately $900,000, which would represent an increase of approximately 9% comparative to the March 31, 2016 quarter.

Jimmy Chan, CEO, commented, "We are very pleased with revenue trajectory thus far in 2017. Our new transport products are receiving strong interest, allowing us to increase our factory orders with sell through gaining strength. Sugarmade plans to make a formal product availability announcement during early May for Sriracha Stix, which 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. The Company expects to begin marketing of the new product on May 9, 2017. We are expecting strong revenues from the Sriracha Stix product, as interest has been nothing short of phenomenal."

About Sugarmade, Inc. (OTC: SGMD)

Sugarmade, Inc. is a product and brand marketing company, investing in products and brands with disruptive potential. The Company is an official licensee of Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. Sugarmade's other brands include CarryOutSupplies.com, Sugarmade Tree Free Paper and the FreeHand™ ThumbTray™. 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
888-982-1628
info@Sugarmade.com.

SOURCE Sugarmade, Inc.

 

Sugarmade Completes Sriracha Seasoning Stix Manufacturing Facility


City of Industry, Calif., April 5, 2017 - Sugarmade, Inc. (OTC: SGMD), today announces completion of its California manufacturing facility, which will produce Sriracha Seasoning Stix. The facility and an additional contract manufacturing site located on the East coast will provide the Company with an initial manufacturing capability of tens of thousand of bottles of Sriracha Seasoning Stix each week and a future capacity of tens of millions of Stix per month.

"As of today, we are declaring our California location and the contract manufacturing site on the East coast fully operational. Thus far, interest has been very strong with now over 80,000 sign ups of interest on our Website. While free samples are no longer available, anyone can still sign up for updates and special offers at http://www.SrirachaStix.com. We plan a very innovative marketing release for Sriracha Seasoning Stix later this month that we believe will be widely followed by the culinary world. And, of course, Sriracha Seasoning Stix are made with real Sriracha Hot Chili Sauce under official license from Irwindale, California based, Huy Fong Foods, Inc."

Already issued three U.S. Patents, Seasoning Stix are a true innovation in the seasoning of meat, fish and poultry. Production of this new class of seasoning required the invention of several new culinary production techniques, which are now fully operational. Mr. Chan continued, "Both of the manufacturing sites are a tribute to ingenuity and innovation. The process to manufacture Seasoning Stix was initially very complex, but our partners have simplified the process very significantly by custom designing several new methods for mixing, blend, materials transfer and food grade production. The result is two fully operational manufacturing locations with robust production capabilities that will enable us to scale production as needed. All of us at Sugarmade, could not be more excited about the rollout of Sriracha Seasoning Stix."

About Sugarmade, Inc. (OTCQB:SGMD)
Sugarmade, Inc., is a product and brand marketing company investing in products and brands with disruptive potential. Recently declared by Food and Wine as "Your Newest Cooking Obsession" and by The Daily Meal with, "Sriracha Seasoning Sticks Will Change the Way You Cook", Sriracha Seasoning Stix orders will begin to be taken during April.

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 spicy deliciousness of Huy Fong Foods, Inc. Sriracha Hot Chili Sauce.

Sugarmade, Inc. is an official licensee of Irwindale, California- based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. For more information on Sriracha Seasoning Stix and Sugamade products, please visit http://www.SrirachaStix.com and http://www.Sugarmade.com.

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

SOURCE Sugarmade, Inc.

 

Sugarmade Further Expands Brands –Gains Long Term Distro Rights to Advertising Supported Wagner Bartosch Product Line


City of Industry, Calif., March 30, 2017 - Sugarmade, Inc. (OTC: SGMD), announces it has entered into an exclusive long term distribution agreement with Wagner Bartosch for its unique advertising supported dividers for frozen yogurt and desserts. Under the terms of the agreement, Sugarmade will assume all marketing, manufacturing and distribution rights for the product, in addition to revenue capture for a period of ten years. Sugarmade believes it has significant revenue opportunities relative to the product both in terms of direct revenues from sales and for advertising opportunities to the very specialized demographic of the associated marketplace.

“Marketing and distribution this unique product is a natural for Sugarmade as we are already selling to thousands of customers within the sector, Commented CEO Jimmy Chan. “Not only will the product fit almost directly into our current product line, manufacturing processes and distribution channels , we also see significant opportunities to provide free dividers to our current customs while capturing high margin dollars through advertising support.”

Over the previous 10 years, the self-serve frozen yogurt shop has experienced tremendous growth and popularity. A major contributor to this success is the choice and control the customer has to build a unique treat. But choosing too many flavors and toppings can result in an unappetizing combination. The Divider provides simple separation of different portions of the dessert and delivers a targeted marketing message to the consumer via ad placement of the product. The advertising placement will allow Sugarmade to supply Dividers to yogurt shops for free. This interaction provides the advertiser with access to an extremely high-value audience: pre-teen to early twenties age range, with disposable income. More information on the Divider can be seen at www.WagnerBartosch.com.

About Sugarmade, Inc. (OTCQB:SGMD)

Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade’s brands include CarryOutSupplies.com, Sugarmade Tree Free Paper, FreeHand ThumbTray and CannaShroud™. During early 2017, the Company will be launching Sriracha Stix, a revolutionary culinary seasoning product under official license from Irwindale, California- based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. For more information on the Company's products, please visit www.Sugarmade.com.

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

SOURCE Sugarmade, Inc.

 

Sugarmade Cancels 4.3 Percent of Outstanding Shares - Provides Updates


City of Industry, Calif., March 15, 2017 - Sugarmade, Inc. (OTC: SGMD), announces today its Board of Directors has authorized the cancellation of approximately 4.3% of the 211 million shares that were outstanding as of February 28, 2017. Additionally, CEO Jimmy Chan provides an update to investors as follows:

Share Cancellations - The Company has cancelled 9,003,000 shares as a result of a settlement agreement with a former management team member and as a result of determination by the Board of Directors that other shares were not properly issued. The board has determined that none of these cancelled shares will be reissued.

Sriracha Seasoning Stix - Mr. Chan, commented, "Our partner, Seasoning Stixs International, LLC, performed final production testing on the East Coast last week and we expect production to begin at the new Los Angeles location this week. Sugarmade is planning to make a big splash with this new product as interest in the new product continues to grow. Over the past few weeks, a significant number of press articles were written about the product launch and activity on the http://www.SrirachaStix.com website continues to be very strong with over 75,000 sign ups. We expect our new website to be operational over the next two weeks. It's a full court press right now to move what we feel will be a significant product into the market place.

Cannabis Packaging - We continue to move forward with our cannabis packaging business. CannaShroud is now shipping and we are actively marketing the product line. We are in the process of modifying the PTFE container with the DabBox product and thus far, interest in that product has been very strong. In addition, we plan to continue to move forward relative to marketing cannabis active packaging products, which hold the promise to better preserve cannabis, including THC levels, via control of oxygen and carbon dioxide levels, humidity and thermodynamic cooling.

CarryOutSupplies - We are moving into our busy pre-spring and summer sales season for the CarryOutSupplies.com related businesses. Activity in this business operation has been very strong while our cost structure continues to move in a favorable direction.

About Sugarmade, Inc. (OTCQB:SGMD)

Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade's brands include CarryOutSupplies.com, Sugarmade Tree Free Paper, FreeHand ThumbTray and CannaShroud, the world's first Cannabis specific shipping systems. During early 2017, the Company will be launching Sriracha Stix, a revolutionary culinary seasoning product under official license from Irwindale, California- based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. For more information on the Company's products, please visit http://www.sugarmade.com.

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

SOURCE Sugarmade, Inc.

 

Sugarmade Plans Leadership in Cannabis Active Packaging 


City of Industry, Calif., February 21, 2017 - Sugarmade, Inc. (OTC: SGMD), announces the completion of an agreement allowing the Company to introduce a new and revolutionary set of intelligent and active packaging systems for cannabis transport and storage. These products will allow cultivators and retailers to preserve THC levels, protect trichomes and save terpenes, while helping to mitigate pathogen levels, all of which are critical to the marketing and enjoyment of high-quality cannabis flowers.

“We plan to lead the market in advanced transport and storage for the fast growing cannabis industry,” commented Jimmy Chan, CEO. “Currently, cannabis flowers have a very short shelf life. The trichomes that protect the cannabinoids, terpenoids and flavonoids are extremely sensitive to handling, atmosphere gases, humidity and light. Current methods of transport and storage are very unfriendly to trichome preservation, resulting in millions of dollars in lost profits for cultivators and retailers and reduced enjoyment by consumers. Our aim is to lead the market in fixing these problems for the fast growing cannabis marketplace.”

Through the use of patent protected technologies, Sugarmade will offer transport and storage containers that will actively create the ultimate protective environment within transport and storage containers, while also applying food safe oxidizers to mitigate pathogens to make cannabis safer. Sugarmade and its licensor partner, Cannabis Active Packaging, Inc., are currently in the applications development process and are actively developing prototypes for testing in the laboratory environment.

While the food industry has used modified atmosphere packaging for many years, recent advancements have given way to active and intelligent packaging. Active packaging is a smart system that involves interaction between packaging components and the internal gas atmosphere within the package. The intellectual property on which Sugarmade will base its new products takes active packaging one step further by adding intelligence to the packaging, which will allow for active feedback to the consumer and tracking throughout the entire supply chain.

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 CarryOutSupplies.com, Sugarmade Tree Free Paper, FreeHand ThumbTray and CannaShroud™, the world’s first Cannabis specific shipping systems. During early 2017, the Company will be launching Sriracha Stix, a revolutionary culinary seasoning product under official license from Irwindale, California- based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. For more information on the Company's products, please visit www.Sugarmade.com.

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

Source:  Sugarmade, Inc.

 

In Addition to Recent Cannabis Developments:


Sugarmade Readies Sriracha Seasoning Stix Launch – Receives Over 60,000 Sign Ups for Free Shipping 


City of Industry, Calif., February 15, 2017 - Sugarmade, Inc. (OTC: SGMD), today announces it is in the final stages of preparation for its product launch of Sriracha Seasoning Stix, 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.

“We could not be more excited about our upcoming Sriracha Seasoning Stix launch, commented Jimmy Chan, CEO of Sugarmade. Thus far, interest is off the charts with our websites site already receiving more than 60,000 sign ups for free shipping and our offer for free samples exceeding capacity on the first day. We think the culinary world is in for a seriously delicious treat with Sriracha Seasonings Stix.”

This week, Sugarmade committed to a lease on a fully licensed commercial manufacturing facility in conjunction with its partner in this venture, Seasoning Stix International, LLC, with move in occurring over the next few days. State of the art manufacturing equipment has been acquired and the process of shipment and installation has begun.

“Mr. Chan continued, “For the past few months, we struggled with finalizing the unique, state of the art manufacturing process and locating a licensed production facility. We have now solved these issues, enabling us to accelerate our timetable. As a result, we expect to begin production of Sriracha Stix and other Seasoning Stix blends as soon as the installation process is complete.”

About Sugarmade, Inc. (OTCQB:SGMD) - Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade’s brands include CarryOutSupplies.com, Sugarmade Tree Free Paper, FreeHand ThumbTray and CannaShroud™, the world’s first Cannabis specific shipping systems. During early 2017, the Company will be launching Sriracha Stix, a revolutionary culinary seasoning product under official license from Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. For more information on the Company's products, please visit www.Sugarmade.com.

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

Source:  Sugarmade, Inc.

 

Sugarmade Sets Strategy for Cannabis Active Packaging – Designing Laboratory Testing Protocols 


City of Industry, Calif., February 10, 2017 - Sugarmade, Inc. (OTC: SGMD), having secured access to important patents for the active packaging of cannabis, today announces its product development strategy. The technology the Company intends to introduce will not only help to better preserve cannabis, including THC levels, via control of oxygen and carbon dioxide levels, humidity and thermodynamic cooling, but will also significantly improve the safety of cannabis via the emission of food safe oxidizers to mitigate mold, bacteria and other pathogens, including powdery mildew.

“We believe these important patents will enable us to create an entirely new class of cannabis curing, transport and storage products,” commented, Jimmy Chan, CEO. “We plan to use this intellectual property to develop products that will enable cultivators and retailers to better preserve THC levels, while virtually eliminating any pathogens. Additionally, we will be able to apply the patents directly to the creation of home cannabis storage units that will prolong enjoyment for consumers. We are currently designing laboratory testing protocols for these products to further validate our product concepts.”

Sugarmade is currently working toward two initial products within the developing market for active packaging of cannabis. These include:

1) Dispensary/Home Storage Container. The Company’s top priority is an active packaging enabled cannabis storage container that will better preserve THC and terp levels, while treating cannabis for pathogens.

2) Grower Cure Box. Proper curing of cannabis is not an easy process. The Company plans to develop a curing box that will enable home and professional cultivators to better manage the curing process via control of C02, O2, and moisture levels, while ensuring that desirable aromas are preserved and that pathogens, especially molds and mildews, do not spoil the cannabis during the process.

While the food industry has used modified atmosphere packaging for many years, recent advancements have given way to active and intelligent packaging. Active packaging is a smart system that involves interaction between packaging components and the internal gas atmosphere within the package.

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 CarryOutSupplies.com, Sugarmade Tree Free Paper, FreeHand ThumbTray and CannaShroud, the world’s first Cannabis specific shipping systems. During early 2017, the Company will be launching Sriracha Stix, a revolutionary culinary seasoning product under official license from Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. For more information on the Company's products, please visit www.Sugarmade.com.

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

Source:  Sugarmade, Inc.

 

Sugarmade to Utilize Patents to Create Cannabis Active Packaging Market 


City of Industry, Calif., February 1, 2017 - Sugarmade, Inc. (OTC: SGMD), today announces it has entered into a Letter of Intent to develop and market patent protected active packaging for the cannabis industry. The technology the Company intends to introduce will not only better preserve cannabis, including THC levels, via control of oxygen and carbon dioxide levels, humidity and thermodynamic cooling, but will also significantly improve the safety of cannabis via the ability to emit food safe oxidizers and other treatments to mitigate mold, bacteria and other pathogens, including powdery mildew.

While the food industry has used modified atmosphere packaging for many years, recent advancements have given way to active and intelligent packaging. Active packaging is a smart system that involves interaction between packaging components and the internal gas atmosphere within the package. The intellectual property on which Sugarmade will base its new products takes active packaging one step further by adding intelligence to the packaging, which will allow for active feedback to the consumer and tracking throughout the entire supply chain.

“We are very excited about this high-tech packaging and the already issued patents, which protect the intellectual property,” commented Jimmy Chan, CEO. “This packaging will enable us to help growers, dispensaries and consumers extend the shelf life of cannabis while making the product much safer for consumption. We plan to be the first company to offer active and intelligent packaging to the fast-growing cannabis industry. We believe this is especially important considering the developing standards in California and other jurisdictions that have recently approved recreational use.

While the drying and curing process, if done correctly, kills most of the microorganisms present in cannabis, certain types of bacteria and fungi are quite resistant to drying. Through this active packaging technology, oxygen levels can be lowered and carbon dioxide levels increased effectively putting everything in the container to “sleep”, thus slowing cellular respiration and extending shelf life.

The patented technologies also control humidity within the package, which is vital not only for retail and consumer storage, but also during the critically important curing process. Lastly, a significant portion of the intellectual property concerns the application of food safe oxidizers to treat and further retard the growth of many pathogens that may be present, such as powdery mildew, which is a growing problem within the cannabis market place.

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 CarryOutSupplies.com, Sugarmade Tree Free Paper, FreeHand ThumbTray and CannaShroud, the world’s first Cannabis specific shipping systems. During early 2017, the Company will be launching Sriracha Stix, a revolutionary culinary seasoning product under official license from Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. For more information on the Company's products, please visit www.Sugarmade.com.

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

Source:  Sugarmade, Inc.


 

Sugarmade Acquires Manufacturing Rights for Smell Pro Cannabis Transport Product - Receives First Set of Orders 


City of Industry, Calif., January 24, 2017 - Sugarmade, Inc. (OTC: SGMD), today announces the signing of a new contract to become the exclusive manufacturer of the SmelPro™ cannabis transport system, which enables nearly smell-proof and discrete shipping of cannabis. Additionally, the company has acquired an option to purchase the Company marketing the innovative product.

The SmelPro™ product is a significant improvement over currently available transport units used in the cannabis sector. SmelPro™ utilizes the proprietary polyamide sandwiched tri-liners developed for Sugarmade's CannaShroud product, combined with active carbon filtration to virtually eliminate all odors. The units are designed to be easy to carry, or to be worn as a backpack, and will initially be available in a choice of three colors, plus camouflage.

Jimmy Chan, CEO of Sugarmade commented, "We worked for months with our factory contacts to design advanced features into SmelPro™. All closures utilize very low airflow technology, but to further reduce odor we added a unique Velcro closure. We also designed SmelPro™ with quality and field survivability in mind by using ultra-high quality materials and reinforcements. Thus, we are confident users will get years of service out of SmelPro™. All of our units from our initial manufacturing run are already spoken for and interest is strong. We are so excited about this product, we also acquired rights not only manufacture, but also rights to acquire the entire company and all of its intellectual property."

Sugarmade recently announced two other new products in the cannabis packaging sector, CannaShroud™, which is a unique security-oriented odor control transport system and DabBox, a unique concentrate packaging product for processors and dispensaries. The Company has begun receiving orders for both products with shipments from manufacturing sites expected this week.

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 CarryOutSupplies.com, Sugarmade Tree Free Paper, FreeHand ThumbTray and CannaShroud™, the world's first Cannabis specific shipping systems. During early 2017, the Company will be launching Sriracha Stix, a revolutionary culinary seasoning product under official license from Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. 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 .
SOURCE Sugarmade, Inc.

 

SSugarmade Uplisted to OCTQB - Provides Investor Update


City of Industry, Calif., January 5, 2017- Sugarmade, Inc. (OTC: SGMD), today announces the up-listing of its common shares to the OTCQB Venture Market, which is specifically designed for quality early stage and developing public companies.

Jimmy Chan, CEO commented, "The move to the OTCQB Venture Market reflects the substantial accomplishments made over the past two years. We have restored the Company to fully reporting status, raised growth capital, significantly reduced costs, realigned our product portfolio and commenced shipments of several new products. Over the past quarter, we have begun to reduce our long-term debt levels and we are now seeing very strong interest in not only our legacy products, but also in our new products. Over the coming months, our investors will see additional progress."

Sugarmade recently announced two new products in the cannabis packaging sector, CannaShroud, which is a unique security-oriented odor control transport system and DabBox, a unique concentrate packaging product for processors and dispensaries. The Company has begun receiving orders for both products. Sugarmade also plans to launch, during the first calendar quarter, its Sriracha Seasoning Stix product under license from Huy Fong Foods, Inc., the makers of the REAL Sriracha sauce, and from Seasoning Stix International. Interest in the Sriracha product has been very strong with over 60,000 consumers already signing up for free and priority shipping upon product availability.

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 CarryOutSupplies.com, Sugarmade Tree Free Paper, FreeHand ThumbTray and CannaShroud, the world's first Cannabis specific shipping systems. During early 2017, the Company will be launching Sriracha Stix, a revolutionary culinary seasoning product under official license from Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. 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 .

SOURCE Sugarmade, Inc.

 

Sugarmade Boosts Revenues via Acquisition of International Paper Contracts – Provides Cost Synergies to Cannabis Packaging 


City of Industry, Calif., December 8, 2016 - Sugarmade, Inc. (OTC: SGMD), today announces an important boost to its revenue outlook via the closing of international paper contracts from Bao Coc International Paper and Plastics Limited, located in Vietnam. Sugarmade will assume contracts for international paper products bound for delivery into the U.S., which will boost revenue production by approximately $500,000 to $600,000 annually and will provide important cost of goods reductions relating to other products offered by Sugarmade. The Company will issue Bao Coc five million restricted shares in exchange for assumption of the contracts.

“These contracts represent an important strategic opportunity not only relating to the revenue boost we will receive, but also relating to cost reductions across our product lines. Because Bao Coc ships dozens of cargo containers into the U.S. each year, we will be able to combine transpacific shipping contracts, which will reduce freight charges relating to our other products, commented, Jimmy Chan, CEO. “This is especially important relative to our new CannaShroud cannabis transport system, the components of which are manufactured in Asia. The significant reductions in freight charges will allow Sugarmade to be even more competitive in the marketplace and will allow us to further boost our already expanding gross margins.”

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 CarryOutSupplies.com, Sugarmade Tree Free Paper, FreeHand® ThumbTray® and CannaShroud, the world's first Cannabis specific shipping systems. The Company will soon be launching Sriracha Stix, a revolutionary culinary seasoning product under official license from Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce.

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

Source: Sugarmade, Inc.
 

 

Sugarmade Acquires International Paper Contracts – Boosts Revenues and Provides Synergies to Cannabis Packaging Business 


City of Industry, Calif., December 2, 2016 - Sugarmade, Inc. (OTC: SGMD), today announces the purchase of international paper contracts from Bao Coc International Paper and Plastics Limited, located in Vietnam. Under the terms of the asset purchase agreement, Sugarmade will assume contracts for international paper products bound for delivery into the U.S. Sugarmade estimates the acquisition will boost its revenue production by approximately $500,000 to $600,000 annually. Sugarmade also expects the deal to have a significantly positive impact on other portions of its business operations.

“These contracts are important not only relating to the revenue boost we will receive, but also relating to cost reductions across our product lines. Because Bao Coc ships dozens of containers into the U.S. each year, we will be able to combine transpacific shipping contracts, which will reduce freight charges relating to our other products, commented, Jimmy Chan, CEO. “This is especially important relative to our new CannaShroud cannabis transport system, the components of which are manufactured in Asia. The significant reductions in freight charges will allow Sugarmade to be even more competitive in the marketplace and will allow us to further boost our already expanding gross margins.”

Sugarmade expects the asset acquisition to close in the month of December. The Company will issue Bao Coc five million restricted shares in exchange for assumption of the Bao Coc contracts.

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 CarryOutSupplies.com, Sugarmade Tree Free Paper, FreeHand® ThumbTray® and CannaShroud™, the world's first Cannabis specific shipping systems. The Company will soon be launching Sriracha Stix, a revolutionary culinary seasoning product under official license from Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce.

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

SOURCE: Sugarmade, Inc.

 

 

Sugarmade Enters Multi-Billion Dollar Cannabis Industry after recently reporting Revenue Growth to $4.35 Million from $2.9 Million - See Below



Sugarmade Announces DabBox(R) – Non-Stick PTFE Cannabis Concentrate Packaging System


City of Industry, Calif., November 16, 2016 - Sugarmade, Inc. (OTC: SGMD), today announces DabBox(R) cannabis concentrate packaging with a unique PTFE concentrate containment system. DabBox is a unique point of sale display package that allows cannabis retailers to brand concentrates via custom printed packaging, while providing consumers high value packaging that eliminates waste, while significantly reducing odor.

DabBox utilizes virgin Polytetrafluoroethylene (PTFE) due to its unique properties. Virtually nothing sticks to PTFE making it a nearly perfect packaging material for the very sticky cannabis concentrates that are fast gaining in popularity. Additionally, due to its high molecular weight, PFTE is non-reactive to cannabis, which virtually eliminates seepage of the expensive concentrate into the packaging materials. PTFE is also an excellent odor barrier.

“Almost ten years ago, we revolutionized custom printed packaging for the quick service food industry,” commented Jimmy Chan, CEO. This taught us how to produce custom printed materials at a fraction of the prices charged by the large packaging and printing companies, allowing us to control a significant portion of that market. We believe we can do the same for cannabis packaging. We plan to offer highly cost effective custom printed DabBox products to cannabis industry members at very reasonable prices in lots as low as 100 units. Not only are DabBox’s great concentrate containers, but these unique products can also be printed with product and/or brand logos to help marketers create brand equity to help them growing their businesses.”

DabBox will be available in half gram and full gram concentrate packaging sizes. The retail display version will be available with preprinted generic labeling or with custom printing based on customer provided logos or graphics. The premium DabBox product will also feature generic or custom printing, but will also include a unique silicon and virgin PTFE containment tray that will prevent loss of concentrate product, allowing the consumer to utilize all of the concentrate.

For more information and dealer inquiries, please see www.DabBox.com 

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 CarryOutSupplies.com, Sugarmade Tree Free Paper, FreeHand ThumbTray and CannaShroud, the world’s first Cannabis specific shipping systems. During November 2016, the Company will be launching Sriracha Stix, a revolutionary culinary seasoning product under official license from Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. For more information on the Company's products, please visit www.Sugarmade.com.

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

SOURCE: Sugarmade, Inc.

 

Sugarmade Announces CannaShroud Cannabis Transport System


City of Industry, Calif., November 3, 2016 - Sugarmade, Inc. (OTC: SGMD), today announces its CannaShroud™ cannabis transport packaging system specifically designed to allow for discrete and protected transportation of cannabis. The product is available immediately for vendor orders at the Company’s new website, www.CannaShroud.com, and will be stocked in local dispensaries and hydroponic supply stores and will be available to consumers online over the coming months.

“With more than a decade in the packaging business, CannaShroud is a product line we are very well equipped to deliver to the growing cannabis marketplace, “commented CEO Jimmy Chan. “We designed this product in conjunction with legal growers and dispensary personnel to solve their specific needs to improve transport security and discretion. We are already taking orders for the products.”

CannaShroud is a two-piece cannabis transport packaging system. The inner liner is polyethylene with a unique dual zip lock that seals air from entering the package and seals in the odors from contents, all while optimizing moisture preservation. The liner is specifically designed to prevent airflow, while not being so thick that it becomes difficult to load materials or to handle. The liners are sized to exactly fit the outside carton, which makes up the second section of the packaging. The cartons are discretely labeled with generic shipping labels or are blank as not to reveal the contents being shipped. CannaShroud will be available in four sizes to suit the specific shipping needs of the growing cannabis industry.

Mr. Chan continued, “Members of the cannabis industry are constantly worried about theft of product during transport. CannaShroud will allow for discretion of shipments and increased piece of mind for both the shipper and the owner of the products being shipped.”

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 CarryOutSupplies.com, Sugarmade Tree Free Paper, FreeHand ThumbTray and CannaShroud, the world’s first Cannabis specific shipping systems. During November 2016, the Company will be launching Sriracha Stix, a revolutionary culinary seasoning product under official license from Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. For more information on the Company's products, please visit www.Sugarmade.com.

For inquiries please contact Jimmy Chan at (888) 982-1628 or info@Sugarmade.com.
SOURCE: Sugarmade, Inc.

 

Who Loves Free Samples of Sriracha Season Stix? Sugarmade Announces Meat, Meet Heat Branding Campaign for Sriracha Seasoning Stix


City of Industry, Calif., October 19, 2016 - Sugarmade, Inc. (OTC: SGMD), today announces its Meat, Meet Heat branding campaign for the upcoming Sriracha Seasoning Stix product launch under its licensing agreement with Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. The Company plans a November launch, which will include nationwide advertising and online marketing campaigns.

Sriracha lovers of all kinds can receive free, no obligation, samples of Sriracha Seasoning Stix at the Company’s website at www.SrirachaStix.com.

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.

Jimmy Chan, CEO of Sugarmade commented, “We have made great progress toward our November launch. We are now beginning to show the marketplace our branding of Sriracha Seasoning Stix. We look forward to bringing the spicy and delicious taste of real Huy Fong Foods, Inc. Sriracha to consumers in an entirely new way. We are especially excited to provide free samples to Sriracha Fans at our website.”

About Sugarmade, Inc. (OTC:SGMD)
Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. The Company is an official licensee of Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. Sugarmade’s other brands include CarryOutSupplies.com, Sugarmade Tree Free Paper and the FreeHand ThumbTray. For more information on the Company's products, please visit www.Sugarmade.com. For free product samples of Sriracha Seasoning Stix, please visit www.SrirachaStix.com.

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

SOURCE: Sugarmade, Inc.
 

Sugarmade Fiscal 2016 Results - Revenues Grow to $4.35 Million from $2.9 Million - Prepares to Rollout Out Sriracha Seasoning Stix


City of Industry, Calif., October 17, 2016 - Sugarmade, Inc. (OTC: SGMD), today announces results for the 2016 fiscal year of $4.35 million in revenue versus $2.9 million for the previous fiscal year. Gross margins for the 2016 fiscal year were 35%, up from 30% during the previous year. During Fiscal 2015, the Company began an aggressive restructuring program that included a significant acquisition, alignments of staffing positions, streamlining of the product offers and the entrance into new product areas. With this restructuring complete, the Company is planning a series of new product introductions designed to continue to grow its revenue base.

"We are very happy to inform our shareholders of the huge progress we have made over the past year," commented, Mr. Jimmy Chan, CEO. "We have restructured our main business unit allowing it to produce much more robust gross margins and we have stemmed the operating unit's losses. As we have previously announced, we are planning a major product rollout of our Sriracha Seasoning Stix product over the coming weeks, based on our license agreement with Huy Fong Foods, Inc, which will be supported by a national and online advertising campaign. Additionally, we are preparing to announce additional new products over the coming weeks. We are certainly excited about our future."

About Sugarmade, Inc. (OTC:SGMD)

Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. The Company is an official licensee of Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. Sugarmade's other brands include Sriracha Seasoning Stix, CarryOutSupplies.com, Sugarmade Tree Free Paper and the FreeHandâ ThumbTrayâ. For more information on the Company's products, please visit www.Sugarmade.com.

For inquiries please contact the Company at (888) 982-1628 or info@Sugarmade.com.

SOURCE: Sugarmade, Inc.
 

Sugarmade and Slip Cup Forever Change the Game of Beer Pong - Shipments of Slip Cup(TM) Begins


City of Industry, Calif., October 3, 2016 - Sugarmade, Inc. (OTC: SGMD), and its CarryOutSupplies subsidiary today announced the successful fulfillment of thousands of units of the Slip CupÔ in support of the highly successful Kickstarter campaign completed for the much talked about enhancement to Beer Pong. Slip Cups are a set of plastic cup inserts that "slip" inside ordinary plastic cups to protect the beverage from getting contaminated. Both companies are now preparing for the much-anticipated domestic retail and online international product launches.

"The idea behind Slip Cup was to make Beer Pong better, but we very quickly realized not only had we forever changed Beer Pong, but we had also created an entire new class of table top party games," commented Chase Treibt, founder of Slip Cup International. "By adding colors and numbers to our inserts, a host of new Beer Pong game innovations have been opened up to partygoers. We are now receiving emails on almost a daily basis with ideas for new variations and as deliveries accelerate we expect even more innovation to take place further expanding the game options and the fun for all."

Jimmy Chan, CEO of Sugarmade commented, "We are proud to be the manufacturing partner for the Slip Cup. We look forward to fulfilling the retail and international commitments for the product and Slip Cup as a company continues to grow. We believe we have the supply, manufacturing and logistic partnership already in place to fulfill the significant level of Slip Cup demand forecasted."

About Sugarmade, Inc. (OTC: SGMD)

Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. The Company is an official licensee of Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. Sugarmade's other brands include www.CarryOutSupplies.com, Sugarmade Tree Free Paper and the FreeHandâ ThumbTrayâ. For more information on the Company's products, please visit www.Sugarmade.com.

About Slip Cup International

Patent Pending Slip CupÔ is an innovate enhancements to the popular game of Beer Pong. The plastic cup inserts "slip" over ordinary plastic cups preventing the ball from contacting the beverage, thus help in to prevent contamination. The product further enhances the game by providing innovate variations of the game and the creation of entirely new party games. More information on Slip Cup can be seen at www.SlipCup.com.

For inquiries: Sugarmade, Inc. - Jimmy Chan at (888) 982-1628 or info@Sugarmade.com

SOURCE: Sugarmade, Inc.

 

Sugarmade Announces Sriracha Seasoning Stixs


City of Industry, Calif., September 28, 2016 - Sugarmade, Inc. (OTC: SGMD), today 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.

Jimmy Chan, CEO of Sugarmade commented, "We are honored to be associated with Huy Fong Foods by way of our new licensing agreement. Sriracha Seasoning Stixs will bring the delicious spiciness of Sriracha to the market in an entirely new way. It's seasoning meat, fish and poultry with Sriracha from the inside out."

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

About Sugarmade, Inc. (OTC: SGMD)

Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. The Company is an official licensee of Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. Sugarmade's other brands include CarryOutSupplies.com, Sugarmade Tree Free Paper and the FreeHandâ ThumbTrayâ. For more information on the Company's products, please visit www.Sugarmade.com.

About Seasoning Stixs International

Seasoning Stixs are a new way to season meat, fish and poultry. Applying seasoning to the outside of meat does nothing to season the inside of meat and marinades are messy, time consuming and generally ineffective. Already award three U.S. patents, Seasoning Stixs represent a third methodology that enables anyone to easily impart fantastic flavors directly into food. For more information on Seasoning Stixs, visit www.seasoningStixs.com.

For inquiries please contact Jimmy Chan at (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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