SUGARMADE, INC. (OTCMKTS:SGMD) Files An 8-K Other Events
Item 8.01 Regulation FD Disclosure.
Sugarmade Inc., a Delaware corporation (the “Company”) makes
the following disclosures to Regulation FD.
Effective June 2, 2017, the Company accepts the resignation of
Director Simon Yu. to Mr. Yu’s resignation letter, Mr. Yu’s
resignation was not due to any disagreements or conflicts with
the Company. Mr. Yu’s resignation is necessary to fulfill his
obligations and administer his company’s operations.
The Company is making this disclosure as it believes such a
disclosure may be required to Section 13 OR 15(d) of The
Securities Exchange Act of 1934, generally referred to as
Regulation FD Disclosure.
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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.