SUGARMADE, INC. (OTCMKTS:SGMD) Files An 8-K Changes in Registrant’s Certifying Accountant

Item 4.01 Change in Registrants Certifying Accountant

On February 6, 2017, the Board of Directors of Sugarmade, Inc.
(the Company) dismissed Anton Chia, LLP (AC) as the principal
auditor for the Company. The Companys Board of Directors approved
the dismissal of AC on February 6, 2017. The principal
accountants report on the financial statements for the period
from September 30, 2014 to and as of September 30, 2016 did not
contain an adverse opinion or a disclaimer of opinion, nor did
such statements contain qualifiers or modifiers as to
uncertainty, audit scope, or accounting principles. There were no
disagreements with AC whether or not resolved, on any matter of
accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which, if not
resolved to AC’s satisfaction, would have caused it to make
reference to the subject matter of the disagreement in connection
with its report on the Company’s financial statements. The
Company is in process of retaining a new auditor.

During the Company’s 2016 fiscal year and through to the date of
this Current Report on Form 8-K, (1) there were no disagreements
with AC on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure,
which, if not resolved to the satisfaction of AC, would have
caused AC to make reference to the subject matter of the
disagreements in connection with their report, and (2) there were
no reportable events as that term is defined in Item 304(a)(1)(v)
of Regulation S-K.

The audit report of AC on our financial statements as of and for
the year ended June 30, 2016 did not contain an adverse opinion
or disclaimer of opinion, nor was it qualified or modified as to
uncertainty, audit scope, or accounting principles, except
relevant to the audit report for the year ended June 30, 2016,
which stated as follows:

The accompanying consolidated financial statements have been
prepared assuming that the Company will continue as a going
concern. As discussed in Note 2 to the consolidated financial
statements, these conditions raise substantial doubt about its
ability to continue as a going concern. Management’s plans in
regard to these matters are also described in Note 2. The
consolidated financial statements do not include any adjustments
relating to the recoverability and classification of asset
carrying amounts or the amount and classification of liabilities
that might result should the Company be unable to continue as a
going concern.

We have requested that AC furnish us with a letter addressed to
the Commission stating whether it agrees with the above
statements.

On or about February 14, 2017, the Companys Board of Directors
approved the engagement of BF Borgers CPA PC (Borgers) as its
principal auditor. During the Company’s two most recent fiscal
years or subsequent interim period, the Company has not consulted
with the entity of Borgers regarding the application of
accounting principles to a specific transaction, either completed
or proposed, or the type of audit opinion that might be rendered
on the Company’s financial statements, nor did the entity
ofBorgers provide advice to the Company, either written or oral,
that was an important factor considered by the Company in
reaching a decision as to the accounting, auditing or financial
reporting issue

Item 9.01. Financial Statements and Exhibits.

A. None

B. Exhibits

About SUGARMADE, INC. (OTCMKTS:SGMD)

Sugarmade, Inc. is engaged in the supply of products to the quick service restaurant sub-sector of the restaurant industry. The Company is a distributor of paper products derived from non-wood sources. As of June 30, 2015, the Company’s operating unit, CarryOutSupplies.com, which is a producer and wholesaler of custom printed and generic takeout supplies served more than 3,000 quick service restaurants. It conducts its operations in an industry segment, including paper and paper-based products, such as paper cups, cup lids, food containers and others. Its products also include double poly paper cups for cold beverage, yogurt cups, ice cream cups, soup containers and plastic spoons. It is a manufacturer and distributor of tree free copy and printer paper products, made from sugarcane waste (bagasse) and bamboo for home and office environments under the Sugarmade brand name. It has also acquired a minority stake in various patents and products for seasoning and spices for food items.

SUGARMADE, INC. (OTCMKTS:SGMD) Recent Trading Information

SUGARMADE, INC. (OTCMKTS:SGMD) closed its last trading session down -0.028 at 0.140 with shares trading hands.