Sugarmade Inc (OTCMKTS:SGMD) summaries the actions being followed to transform its corporate operations as it raises into one of the world’s prominent publicly traded suppliers to the buzzing cannabis market. The CEO Jimmy Chan expressed that they are implementing decisive measures to restructure their operations in order to set for the huge increase in operations they are expecting.
Sugarmade CEO added that advancing a business infrastructure efficient of expanding by over 500% during this year is certainly tough, but they have already initiated the procedure. They will be providing revenue projection for the FY2018 over the upcoming weeks. All of the team at company are looking forward to advancing with the market over the imminent years. There are distinct steps that the firm has planned in order to establish to meet this growing challenge.
Sugarmade’s key priority is to recruit extremely proficient accounting and financial personnel. To this end, the firm presented an offer for employment to an extremely proficient skilled person who would become firm’s Chief Financial Officer. Other personnel have already been changed and several latest mid-level accounting as well as financial specialists are being recruited.
The company has plans to shift its headquarters office to a more suitable structure with enough space to accommodate all staff members. Sugarmade plans to function in the greater Los Angeles to house its existing personnel and the many business associates located adjacent to the current City of Industry site. Lastly, the firm plan to launch the process of warehouse consolidation to support the logistical process and also to reduce associated costs. It is possibly much of the new warehouse area will be located adjacent to new office space.
Sugarmade recently announced the creation of the largest developing publicly traded hydroponics as well as cannabis supply company. The company has finalized an agreement with BizRight Hydroponics, Inc.