Loading...
OTC Markets
Totals
Securities
12,306
Dollar Vol
$2.0B
Share Vol
4B
Trades
367,183

OTC Markets Group uses cookies and similar technologies to help us understand how you use our websites, as further disclosed in our Privacy Policy. Our Terms of Service contain important information including restrictions on your use of our websites. By clicking “Accept”, or by continuing to use our websites, you consent to the use of cookies and agree to the terms of the OTC Markets Group Privacy Policy and Terms of Service.

SGMD
Sugarmade, Inc.

Common Stock

Sugarmade, Inc.

20529 E. Walnut Drive N

Walnut, CA 91789

Principal Executive Offices:

20529 E. Walnut Drive N

Walnut, CA 91789

Last Verified 03/2024
Business Description
Sugarmade is a dynamic company that prudently identifies burgeoning sectors poised for significant growth, strategically allocating investments in promising businesses within those sectors. Our current portfolio includes a substantial 640-acre landholding situated in Lake County, California, alongside a reputable restaurant disposable packaging enterprise established in 2009. We are in the final stages of securing Cannabis cultivation permits from both County and State authorities in California, with a strong likelihood of activation prior to the 2024 planting season. Upon approval, we intend to swiftly engage in contract farming through partnerships with licensed manufacturers and distributors. ...
More
Financial Reporting
Reporting Status
Dark: Alternative Reporting Standard
Audited Financials
Audited
CIK
0000919175
Fiscal Year End
6/30
Company Officers & Contacts
Jimmy Chan
CEO, CFO, Secretary

Mr. Jimmy Chan is an experienced business executive who has been instrumental in growing multiple business operations. Since he was assigned as CEO and Chairman of the Board of Sugarmade, Inc in October 2014, he has grown the business's asset and operation substantially. He is also the founder of CarryOutSupplies.com, a company that revolutionized the custom-printed food containers for the frozen dessert market, a sub-sector of the quick service restaurant industry, which merged with Sugarmade during 2014. Through his experiences in various businesses operations, he has developed a strong expertise in international trade, Regulated Cannabis Industry and the capital market. In the early stage of his career, he has started numerous other businesses, including a real estate investment operation that accumulated a substantial portfolio of residential properties.

Jacky Wong
Accountant

Board of Directors
Jimmy Chan
Chairman, CEO, CFO, Secretary

Mr. Jimmy Chan is an experienced business executive who has been instrumental in growing multiple business operations. Since he was assigned as CEO and Chairman of the Board of Sugarmade, Inc in October 2014, he has grown the business's asset and operation substantially. He is also the founder of CarryOutSupplies.com, a company that revolutionized the custom-printed food containers for the frozen dessert market, a sub-sector of the quick service restaurant industry, which merged with Sugarmade during 2014. Through his experiences in various businesses operations, he has developed a strong expertise in international trade, Regulated Cannabis Industry and the capital market. In the early stage of his career, he has started numerous other businesses, including a real estate investment operation that accumulated a substantial portfolio of residential properties.

Christopher Hyde Dieterich
Independent Director

Mr. Dieterich is qualified to serve as a Director by way his extensive legal and business experience. He graduated from Virginia Polytechnic Institute in 1969 (BS Engineering), University of California at Berkeley 1970 (MS Engineering) on full scholarship by Ford Foundation; and the University of California at Los Angeles in 1979 (JD Law/MS Economics), pursuant to grant from Olin Foundation. He operates a law firm that specializes in Securities and Exchange Commission filings and venture capital arrangements, and currently represents 15 reporting public entities. The firm has participated in capital raises for over 50 clients, and hundreds of millions of dollars for those clients. The Board believes Mr. Dieterich will added significant value to not only corporate governance, but also to operational and capital acquisition efficiency.

Darren Kenney
Audit Committee Member

Kenney, 58, is an experienced CPA and licensed Real Estate Broker in the State of California. He has successfully built and sold three accounting practices over the past 30 years. During the late 1980's, in public accounting, he consulted with GTE (now Verizon), Saks Fifth Avenue, and CalTrans. He served as a primary broker for two mortgage companies from 2007 to 2010. Starting in 2010, he joined the board of a local non-profit where he sat for 10 years. From 2013 to 2017, he created and operated SYA Consultants Inc, a Florida corporation, to help small business clients acquire in excess of $50,000,000 in capital financing.

Other Company Insiders

None

Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Investor Relations/Marketing/Communications
NetworkNewsWire (NNW)

1324 Lexington Ave.,

Suite 117

New york, NY 10128

Securities Counsel
Stauber Law Offices

9440 Santa Monica Boulevard

Suite 301

Beverly Hills, CA 90210

Securities Counsel
Dieterich & Associates Law Office

815 Moraga Drive

Suite 207

Los Angeles, CA 90049

Securities Counsel
Anthony Linder Cacomanolis PLLC

1700 Palm Beach Lakes Blvd.

Suite 820

West Palm Beach, FL 33401

Profile Data
SIC - Industry Classification
5110 - Wholesale-Paper & Paper Products
Incorporation Information
DE, US, 2007
Employees
8 as of 12/31/2023
Shell
No
Products and Services

Our 640-acre real estate property is currently undergoing the final stages of permit acquisition for cannabis cultivation. The potential revenue streams include rental income, contract farming, or the production of our own cannabis products. Beyond our cannabis endeavors, Sugarmade boasts a formidable packaging enterprise catering to over 6,000 Quick Service Restaurants (QSRs) and food brands. Renowned for our delivery of top-tier packaging solutions tailored to the unique demands of the food industry, our expertise in this domain enriches our portfolio diversification and fortifies our market position.

Company Facilities

Sugarmade's main operations are centralized at our headquarters and warehouse, conveniently situated at 20529 E Walnut Drive N., Walnut, CA 91789. This multifunctional facility not only houses our main office but also serves as the primary distribution center for CarryOutsupplies.com, our esteemed packaging division. Moreover, Sugarmade proudly possesses a sprawling 640-acre expanse located in Clearlake Oaks, California.

Company Notes
Formerly=Diversified Opportunities, Inc. until 7-2011
Formerly=Enlighten Software Solutions, Inc. until 2-2008
Formerly=Software Professionals, Inc. until 05-96
Expert Market Icon
This market serves broker-dealer pricing and investor best execution needs. Quotations in Expert Market securities are restricted from public viewing.
Expert Market
OTC Markets Group is unable to confirm this company is providing public disclosure to a regulator, an exchange, or OTC Markets Group.
The company’s transfer agent has verified its outstanding shares directly to OTC Markets.
Daily Advancers
Subscribe to Our Newsletter
Stay up to date on the latest company news, industry trends and regulatory changes that affect our markets and learn about members of our community.