SugarMade, Inc. Provides Revenue Guidance for the Third Quarter Ended March 31, 2017 and Fourth Quarter Ending June 30, 2017
April 26, 2017 at 08:30 am
Share
SugarMade, Inc. provided revenue guidance for the third quarter ended March 31, 2017 and fourth quarter ending June 30, 2017. For the quarter, 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.
Based on current revenue growth rates, the company 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.
Sugarmade, Inc. is a product and branding marketing company. The Company operates through two segments: paper and paper-based products and cannabis products delivery. The paper and paper-based products segment focuses on supply of disposable products to the quick-service restaurant and as an importer and distributor of non-medical personal protection equipment to business and consumers, via its Carry Out Supplies subsidiary. Carry Out Supplies is a producer and wholesaler of custom printed and generic supplies. The primary products are plastic cold cups, paper coffee cups, yogurt cups, ice cream cups, cup lids, cup sleeves, edible packaging, food containers, soup containers, plastic spoons, and similar products. The Company also focuses on investing in cannabis real estate, cultivation, and wholesale sectors vs. cannabis retail operations. It is also engaged in selected cannabis and hemp projects. Its subsidiaries include SWC Group, Inc., NUG Avenue, Inc., and Lemon Glow Company, Inc.
SUGARMADE, INC. 
