CannabisNewsBreaks – Sugarmade Inc. (SGMD) Lemon Glow Subsidiary Takes Step Toward Commercial Cannabis Cultivation

Sugarmade (OTC: SGMD), an emerging leader in the vertically integrated cannabis marketplace based in California, through its wholly owned subsidiary Lemon Glow, has been granted a conditional use permit (“UP”) number from the Lake County, California, Community Development Department. The company notes that this permit takes the company one step closer to obtaining a UP for commercial cannabis cultivation. SGMD acquired Lemon Glow and its 640-acre property , along with other assets, interests and rights, earlier this year. According to the company, once necessary approvals and permits are obtained, a portion of the property will be approved for outdoor cannabis cultivation; company officials estimate that the potential for annual cultivation yield may be as high as 4,000 pounds of dry trimmed cannabis flower per acre annually, or an estimated 128,000 pounds in total. The company is now focused on obtaining the requisite approval from other local and state regulatory authorities in California. “We are excited to see the process moving forward for our Lemon Glow property, which represents an important strategic asset as we further verticalize our overall model,” said Sugarmade CEO Jimmy Chan in the press release. “Our vision is ‘seed to door,’ which would separate us from other players in the California cannabis marketplace, given that we have already established a leading and growing presence in the cannabis delivery market and have set in motion a process to control our own supply chain. Ramping up our cultivation resources is a significant step in fully leveraging a vertical model to drive shareholder value through margin gains.” 

To view the full press release, visit https://cnw.fm/4fySt

About Sugarmade Inc.

Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s portfolio includes CarryOutsupplies.com, SugarRush(TM), NUG Avenue, Lemon Glow and Budcars. For more information about the company, please visit www.Sugarmade.com.

NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://cnw.fm/SUGAR

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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