LOS ANGELES, December 7, 2016 /PRNewswire/ --
Sugarmade, Inc. (OTC:SGMD) today announces it will be filing an application to list its common shares on the OTCQB Venture Market, which is specifically designed for early stage and developing companies. The Company believes it meets all of the requirements for the up-listing to the OTCQB. Additionally, CEO Jimmy Chan today provided shareholders with an update on upcoming product rollouts and corporate activities.
Jimmy Chan, CEO commented, "Over the past few months, a lot has changed at the Company. We have recently completed a quarter where we once again demonstrated strong cost controls and continued strengthening margins. We recently began taking orders for our cannabis transport system, called CannaShroud™, and we announced an additional cannabis-oriented product called DabBox™. We are also preparing for a major product launch of our 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 as been nothing short of amazing with over 50,000 consumers already signing up for free and priority shipping upon product availability. We could not be more excited about our future."