- SGMD’s Lemon Glow receives conditional use permit number from county
- Sugarmade’s seed-to-door vision separates the company from other players in the California cannabis marketplace
- Estimated for Lemon Glow property could reach as much as 64 tons of dry trimmed cannabis flower annually
Sugarmade (OTC: SGMD) is making significant progress toward its end goal of becoming a central play in the growing California cannabis space. The company announced that its wholly owned subsidiary, Lemon Glow Company, has received a conditional use permit (“UP”) number from the Community Development Department of the County of Lake, California (https://cnw.fm/Weujn). The permit, noted Sugarmade, is an important step toward the conditional use permit for commercial cannabis cultivation at its property.
“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,” stated Sugarmade CEO Jimmy Chan. “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.”
Sugarmade has been focused on achieving its seed-to-door vision. Earlier this year, the company signed a definitive agreement outlining the acquisition of Lemon Glow Co., including all assets, interests, rights and property; the property acquisition included…
NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://cnw.fm/SGMD
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