Sugarmade, Inc. Reports Earnings Results for the Third Quarter Ended March 31, 2021
May 19, 2021 at 05:11 pm EDT
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Sugarmade, Inc. announced earnings results for the third quarter ended March 31, 2021. For the third quarter, the company announced sales was USD 404,843 compared to USD 416,356 a year ago. Operating loss was USD 601,251 compared to USD 707,488 a year ago. Net loss was USD 5.537 million compared to USD 2.131 million a year ago. For the nine months, sales was USD 2.851 million compared to USD 1.891 million a year ago. Operating loss was USD 2.046 million compared to USD 8.580 million a year ago. Net loss was USD 5.912 million compared to USD 11.913 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 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. 
