Business
America Prepares to Reopen and Needs Sanitary and Non-Medical Personal Protective Supplies – Sugarmade Receives $10 Million in New Orders
America Prepares to Reopen and Needs Sanitary and Non-Medical Personal Protective Supplies – Sugarmade Receives $10 Million in New Orders.
About this update from Sugarmade, Inc.
[{"type":"text","content":"\n NEW YORK, May 06, 2020 (GLOBE NEWSWIRE) -- America Prepares to Reopen and Needs Sanitary and Non-Medical Personal Protective Supplies – Sugarmade Receives $10 Million in New Orders NEW YORK, May 6, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), today announces the receipt of over $10 million in new orders for consumable sanitary supplies and non-medical personal protective items, as America prepares to get back to work.  Businesses across the country that are preparing to reopen face both the moral and legal obligations to protect their workers and customers.  Many are scrambling for supplies as part of this re-opening process. Sugarmade’s CarryOutsupplies.com operating unit is benefiting via receiving purchase orders in excess of $10 million. “We have never seen anything like this situation. We believe we are in a unique situation relative to the re-opening of America,” commented Jimmy Chan, CEO of Sugarmade. “Approximately two months ago we began importing consumable sanitary supplies and non-medical personal protective gear. As it turns out, this was a wise move. We sold out of nearly all of what we received. Fortunately, we have the sourcing and trans-Pacific logistical experience to bring in much larger quantities to help meet the insatiable demand that is developing as business, universities, and government institutions order supplies to protect their workers and customers. We have a lot more product in the supply chain that will soon be headed to our customers.” Over the past 15 years of operations, Sugarmade has gained considerable experience relative to sourcing paper and consumable products from Asian factories and importing these products into the United States. The Company has drawn on these experiences and industry contacts to identify multiple factory sources that indicate a willingness to supply millions of dollars of products to Sugarmade. By way of this experience, the Company believes it will be able to facilitate the movement of the huge amounts of supplies that companies and government entities are now demanding as they begin to execute plans to re-start operations. Mr. Chan continued, “America is getting back to work and we are here ...