Sugarmade, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2022
May 23, 2022 at 02:43 pm EDT
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Sugarmade, Inc. reported earnings results for the third quarter and nine months ended March 31, 2022. For the third quarter, the company reported sales was USD 1.29 million compared to USD 0.404843 million a year ago. Net loss was USD 4.93 million compared to USD 5.54 million a year ago.
For the nine months, sales was USD 3.69 million compared to USD 2.85 million a year ago. Net loss was USD 9.38 million compared to USD 5.91 million a year ago.
Sugarmade, Inc. is a product and branding marketing company. The Company operates through two segments: paper and paper-based products and cannabis products delivery. The paper and paper-based products segment focuses on supply of disposable products to the quick-service restaurant and as an importer and distributor of non-medical personal protection equipment to business and consumers, via its Carry Out Supplies subsidiary. Carry Out Supplies is a producer and wholesaler of custom printed and generic supplies. The primary products are plastic cold cups, paper coffee cups, yogurt cups, ice cream cups, cup lids, cup sleeves, edible packaging, food containers, soup containers, plastic spoons, and similar products. The Company also focuses on investing in cannabis real estate, cultivation, and wholesale sectors vs. cannabis retail operations. It is also engaged in selected cannabis and hemp projects. Its subsidiaries include SWC Group, Inc., NUG Avenue, Inc., and Lemon Glow Company, Inc.
SUGARMADE, INC. 
