America Prepares to Reopen and
Needs Sanitary and Non-Medical
Protective Supplies – Sugarmade
$10 million in New Orders
NEW YORK, NY -- May 6, 2020 -- InvestorsHub NewsWire
("Sugarmade", "SGMD", or the "Company"), today announces the
receipt of over $10 million in new orders for consumable sanitary
supplies and non-medical
items, as America prepares to get back to work.
Businesses across the country that are preparing to reopen face
both the moral and legal obligations to protect their workers and
Many are scrambling for supplies as part of this re-opening
CarryOutsupplies.com operating unit is benefiting via receiving
purchase orders in excess of $10 million.
"We have never seen anything like this
We believe we are in a unique situation relative to the re-opening
of America," commented Jimmy Chan, CEO of
"Approximately two months ago we began importing consumable
sanitary supplies and non-medical
As it turns out, this was a wise move.
We sold out of nearly all of what we received.
Fortunately, we have the sourcing and trans-Pacific logistical
experience to bring in much larger quantities to help meet the
insatiable demand that is developing as business, universities, and
government institutions order supplies to protect their workers and
We have a lot more product in the supply chain that will soon be
headed to our customers."
Over the past 15 years of operations Sugarmade has gained
considerable experience relative to sourcing paper and consumable
products from Asian factories and importing these products into the
The Company has drawn on these experiences and industry contacts to
identify multiple factory sources that indicate a willingness to
supply millions of dollars of products to Sugarmade. By way of this
experience, the Company believes it will be able to facilitate the
movement of the huge amounts of supplies that companies and
government entities are now demanding as they begin to execute
plans to re-start operations.
Mr. Chan continued, "America is getting back to work and we are
here to help with many of the supplies businesses and other
institutions are demanding. We are quickly expanding our sourcing
and importing efforts to help U.S. businesses and other
institutions protect their employee and provide safe working
While the gating factor in filling these orders, over the short
term, will be the availability of air freight, we also believe we
are well position relative to the longer-term as our considerable
experience in trans-Pacific logistics is brought to
Investors, the public, and other interested parties are advised to
reference the Company's recent filing with the U.S. Securities
& Exchange Commission on Form 8-K concerning these events and
to reference other disclosures and risk factors outlined in other
put forth by the Company, which are available on the Commission's
website and via other resources.
About Sugarmade, Inc.
Sugarmade, Inc. (OTCQB:
SGMD) is a product and branding marketing company investing in
operations and technologies with disruptive potential. Our Brand
and Budcars.com. For more information please
Sanitary supplies and disposable
take out supplies
for the food service industry,
all about having the assurance of quality products,
and reliable customer service.
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
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and services of the company, the effects of competition and other
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forward-looking information provided in this release should be
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