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Oct. 14, 2020, 8:51 a.m. EDT

Cannabis Stocks React on Recent Polling Data (US: GTBIF)(US: GRWG)(US: SGMD)(US: CRLBF)

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"BudCars continues to perform, setting records in basically every key metric we track," stated Jimmy Chan, CEO of Sugarmade. "It was a tremendous quarter, with a big jump in customers and regional market share and robust margins on every sale. That paints a very motivating picture as we gear up to significantly expand our service territory, with upcoming expansion into the North Bay and Wine Country areas as well as our upcoming grand opening of BudCars LA."

According to the release, management notes that BudCars growth has continually tracked ahead of expectations. However, the Company believes that geographic expansion is the key to unlocking a further dramatic acceleration in growth. As announced in a recent Letter to Shareholders, the Company is expanding BudCars initially into the North San Francisco Bay Area and the Wine Country Counties. That will be followed by the grand opening of BudCars Los Angeles, which is anticipated to take place in November.

Sugarmade Inc. /zigman2/quotes/205890489/delayed SGMD -6.25% also achieved an additional strategic goal during the quarter by securing rights to a property zoned for cannabis cultivation where it intends to establish a licensed cannabis cultivation facility, which presents the potential to widen profit margins further through vertical supply chain integration and the establishment of a branded line of cannabis products.

Cresco Labs Inc. /zigman2/quotes/200392306/delayed CRLBF +0.43% trumpets itself as one of the largest vertically-integrated multi-state cannabis operators in the United States. Cresco is built to become the most important company in the cannabis industry by combining the most strategic geographic footprint with one of the leading distribution platforms in North America.

Employing a consumer-packaged goods approach to cannabis, Cresco's house of brands is designed to meet the needs of all consumer segments and includes some of the most recognized and trusted national brands including Cresco, Remedi, High Supply, Reserve, Good News and Mindy's Chef Led Artisanal Edibles created by James Beard Award-winning chef Mindy Segal.

Cresco Labs Inc. /zigman2/quotes/200392306/delayed CRLBF +0.43% just announced the approval and the location of its tenth Illinois dispensary in Naperville. The adult-use dispensary is located in one of the busiest shopping areas in Naperville, the 3rd largest city in Illinois with approximately 150,000 residents.

"We have been consistent in choosing locations for our dispensaries in Illinois, focusing on high traffic areas in traditional retail environments. Sunnyside Schaumburg, which is adjacent to Illinois' busiest mall and our new Naperville dispensary, which shares a block with Costco, Walmart, and Starbucks, are great examples of this strategy," said Charlie Bachtell, Cresco Labs' CEO and Co-founder. "Our approach of meeting the consumer where they are and providing a normalized cannabis shopping experience is allowing our dispensaries in Illinois and all Sunnyside stores nationwide to outperform industry averages."

And the stock has been acting well over recent days, up something like 21% in that time.

Cresco Labs Inc. /zigman2/quotes/200392306/delayed CRLBF +0.43% pulled in sales of $130.6M in its last reported quarterly financials, representing top line growth of 226.5%. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($100.6M against $222.5M, respectively).

DISCLAIMER: EDM Media LLC (EDM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. EDM is NOT affiliated in any manner with any company mentioned herein. EDM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. EDM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. EDM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed EDM has been compensated seven hundred fifty dollars for news coverage of the current press releases issued by Sugarmade Inc by a third party.

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This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and EDM undertakes no obligation to update such statements.

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COMTEX_372790876/2632/2020-10-14T08:51:07

/zigman2/quotes/205890489/delayed
US : U.S.: OTC
$ 0.0015
-0.0001 -6.25%
Volume: 14.72M
Jan. 15, 2021 3:32p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.97 million
Rev. per Employee
$545,323
loading...
/zigman2/quotes/200392306/delayed
US : U.S.: OTC
$ 13.15
+0.06 +0.43%
Volume: 2.10M
Jan. 15, 2021 3:38p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.53 billion
Rev. per Employee
$91,810
loading...
/zigman2/quotes/200392306/delayed
US : U.S.: OTC
$ 13.15
+0.06 +0.43%
Volume: 2.10M
Jan. 15, 2021 3:38p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.53 billion
Rev. per Employee
$91,810
loading...
/zigman2/quotes/200392306/delayed
US : U.S.: OTC
$ 13.15
+0.06 +0.43%
Volume: 2.10M
Jan. 15, 2021 3:38p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.53 billion
Rev. per Employee
$91,810
loading...

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