Sugarmade Inc. (SGMD) Corporate Media Kit

Those figures highlight California’s status as the world’s largest legal cannabis market. With roughly 28 million residents over the age of 21, California is more than twice the combined size of the four states (Arizona, New Jersey, Montana and North Dakota) that legalized cannabis in 2020. The COVID-19 pandemic was a key driver in the growth of cannabis delivery services throughout the state in 2020. In the 30 days following the March 13, 2020, declaration of a national emergency, one California cannabis delivery firm reported a 60% increase in new delivery custom- ers. Tech companies in cannabis ecommerce were able to dramatically increase their market share as a result of this boom. A 70% stakeholder in NUG Avenue, a Southern California-based cannabis delivery service, Sugarmade has targeted the LA delivery market as the prime location for expansion of its business. California is the sixth largest economy in the world, and LA County, with over 25% of the state’s popu- lation, is the most significant driver. The company considers its Lynwood, California, site as optimal for expansion of its delivery presence. Situated along one of the major distribution freeways, the strategic location allows drivers to efficiently reach the more than 15 million consumers that live within a 30-mile radius. In addition, the company has completed and is in the process of closing strategic acquisitions with a goal to develop a full farm-to-door vertically integrated cannabis business model. Sugarmade considers organic brand growth, property acquisition, licensing and geographic expansion all key factors to achieve this vision to control all aspects of production to delivery of its products. With a leading and expanding presence in the cannabis delivery market- place, as well as a strategic focus to build a cutting-edge vertically integrated business model, Sugarmade is positioning for significant opportunity across California — the largest and fastest growing cannabis market in the world.