Sugarmade Inc. (SGMD) Corporate Media Kit
NUG Avenue — Sugarmade owns a 70% stake in NUG Avenue, a cannabis delivery ser- vice based in Southern California. The company provides a variety of hand-selected top-shelf products from Stiiizy, Kanha, PlugPlay and more. BudCars — Sugarmade is an investor in cannabis delivery service BudCars’ first operating location in Sacramento, California. BudCars is an online-shop- ping experience designed to provide new customers with an easy way to discover and order cannabis products within minutes. Lemon Glow Company Inc.— Sugarmade recently completed the acquisition of Lemon Glow Company. The acquisition included all of Lemon Glow’s assets, interests, property, and rights, including 640 acres of real estate, 32 of which have already been designated for outdoor cannabis cultivation. The acquisition is considered pivotal in the company’s verticalization process because it represents the opportunity for large-scale cultivation. Sugarmade anticipates an estimated potential cultivation yield at the property to be approximately 4,000 pounds of dry trimmed cannabis flower per acre, per year. This represents an annual total of approximately 128,000 pounds, or 64 tons, of dry trimmed cannabis flower. Sugarmade additionally benefits from the acquisition in terms of team capital, as Lemon Glow executives have stayed on to form the core man- agement team at the cannabis cultivation site. Leveraging more than 30 years of cannabis cultivation experience, the team holds vast experi- ence, established skills and an intricate knowledge of the property and its local grow context. The Lemon Glow acquisition affords Sugarmade a significant capacity to scale as demand for its products and services grows over time. The company is focused on ramping up operations at the property and taking key steps toward delivering on the promise of its vertically integrated farm-to-door vision.
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