Home Financial Markets Penny Stocks What's In Sugarmade Inc (SGMD) Stock That's Giving A Wake Up Call?

What’s In Sugarmade Inc (SGMD) Stock That’s Giving A Wake Up Call?

Sugarmade Inc (SGMD), the paper and CBD products provider, closed Thursday’s trade at $0.0143, rising 66.86% up on the day within the range of $0.0200 and $0.0100.

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A record average trading volume for the last month was 117.55M shares per day for SGMD; with the representation of an increase of over 853.33% in the stock price. On average, SGMD stock was traded for 67.395M shares every day over the past three months, and the stock gained over 860.00%. Over the last 12 months, the stock has gained over 150.88%, reaching a high of $0.0200 with a market cap of $52.11M.

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Operating areas:

Sugarmade operates in three major business areas of Paper and Paper-Based Products, Non-Medical Supplies, and Cannabis Products Delivery Service and Sales.

  1. Paper-Products:
  • The company procures and sells consumable goods to the fast-service restaurant sub-sector of the restaurant industry.
  • Custom printed and generic supplies such as double poly paper cups for cold beverages, removable, transparent, and plastic cold cups and paper coffee cups, yogurt cups, ice cream cups, cup lids, cup sleeves, edible wrapping, food cans, soup containers, plastic spoons, and other similar products are also produced and wholesale by the business.
  1. Non-Medical Supplies:
  1. Cannabis Products:
  • Sugarmade is an operator in the licensed cannabis distribution service brand of Budcars and is also an equity owner in the first operating location of Budcars in Sacramento, California. The company distributes and sells cannabis products through its BudCars delivery service.

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