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.