Item 7.01 Regulation FD Disclosure.
Sugarmade Inc., a Delaware corporation (the “Company”)
makes the following disclosures pursuant to Regulation FD.
On February 15, 2017, the Company announced it is in
the final stages of preparation for its product launch of Sriracha Seasoning Stix, under its licensing agreement with Irwindale,
California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. Seasoning Stix International, LLC, a partner of the
Company in this venture, will also be manufacturing a similar product at the site.
Additionally, the Company signed a new lease in Los
Angeles, California for a commercial culinary manufacturing facility. The term of the lease is twelve months. The facility will
support the manufacture of Sriracha Seasoning Stix, under its licensing agreement with Irwindale, California-based Huy Fong Foods,
Inc., the maker of Sriracha Hot Chili Sauce.
The Company plans to make announcements over the coming
weeks concerning specific product availability dates and regarding future versions of the Sriracha Seasoning Stix product.
The Company is making this Regulation FD Disclosure
as it believes the above is a material event pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934. Members of
the Company’s management team will likely be presenting and discussing various aspects of the agreement with suppliers,
distributors and other marketing and/or financial partners of the Company over the coming weeks leading up to product testing