Sugarmades CarryOutSupplies Division Continues Strong Growth on
Strengthening Order Flow
CITY OF INDUSTRY, CA -- May 24, 2017 -- InvestorsHub NewsWire
-- Sugarmade, Inc. (OTC:SGMD), today outlines the strong
growth that is continuing from within its CarryOutSupplies.com business operations, which
services more than 3,000 quick service restaurants with custom
printed and generic supplies. Over the past year, growth has
been lead by not only the introduction of new products, but also
due to a significantly increased Internet presence. As a
result, the Company is expecting record growth for the remainder of
the calendar year.
CarryOutSupplies.com had recently added more than
1,000 new items to its quick service restaurant product portfolio
and is in process of added more each month. With a continued
emphasis on customer retention, in addition to new product
additions, the division has been able to position the business for
strong growth in 2017, while at the same time reducing headcount
and meaningfully reducing costs.
Not only do our revenues continue to grow, so does out Internet
traffic, which, in our opinion, is a strong indicator of future
growth, commented Jimmy Chan, CEO. For the past nine months,
the total visitors to our website has growth by an average of 41%
sequentially each month. Additionally, our average order size
continues to grow with recent monthly statistics showing more than
a 50% increase in order size over levels experienced during the
last half of calendar year. We remain very positive about our
continued stability and growth of our core legacy business at a
time when we are launching new growth initiatives in cannabis
packaging. We also plan to soon launch an entirely new website
dedicated only to hydroponic supplies and equipment.
About Sugarmade, Inc. (OTCQB:SGMD)
Sugarmade, Inc. is a product and brand marketing company investing
in products and brands with disruptive potential. Sugarmades brands
include CarryOutSupplies.com, Sugarmade Tree Free
Paper, FreeHand ThumbTray and CannaShroud, the worlds first
Cannabis specific shipping systems. Company has recently launchied
its initial marking efforts for 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 www.Sugarmade.com.
For inquiries please contact Jimmy Chan at (888) 982-1628
or info@Sugarmade.com.
About Sugarmade, Inc. (OTC:SGMD)
Sugarmade, Inc. is a product and brand marketing company
investing in products and brands with disruptive potential.
The Company is an official licensee of Irwindale,
California-based Huy Fong Foods, Inc., the maker of Sriracha Hot
Chili Sauce. Sugarmades other brands include CarryOutSupplies.com, Sugarmade Tree Free Paper,
CannaShroud, Dabbox and the FreeHand ThumbTray. For more
information on the Company's products, please visit www.Sugarmade.com.
FORWARD-LOOKING STATEMENTS: This release contains
"forward-looking statements" within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements also may be included in other
publicly available documents issued by the Company and in oral
statements made by our officers and representatives from time to
time. These forward-looking statements are intended to provide
management's current expectations or plans for our future operating
and financial performance, based on assumptions currently believed
to be valid. They can be identified by the use of words such as
"anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "would," "could," "will" and other words of
similar meaning in connection with a discussion of future operating
or financial performance. Examples of forward looking statements
include, among others, statements relating to future sales,
earnings, cash flows, results of operations, uses of cash and other
measures of financial performance.
Because forward-looking statements relate to the future, they
are subject to inherent risks, uncertainties and other factors that
may cause the Company's actual results and financial condition to
differ materially from those expressed or implied in the
forward-looking statements. Such risks, uncertainties and other
factors include, among others such as, but not limited to economic
conditions, changes in the laws or regulations, demand for products
and services of the company, the effects of competition and other
factors that could cause actual results to differ materially from
those projected or represented in the forward looking
statements.
Any forward-looking information provided in this release should
be considered with these factors in mind. We assume no obligation
to update any forward-looking statements contained in this
report.
For inquiries please contact Jimmy Chan at (888) 982-1628 or
info@Sugarmade.com.