CannabisNewsBreaks – Sugarmade Inc. (SGMD) Gains Traction in Industrial Hemp Sector

Sugarmade (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, entered into a supply contract with Hempistry Inc. in April, securing its spot in the newly legal industrial hemp sector (http://cnw.fm/oN32e). A recent article discussing Sugarmade reads, “‘With at least 42,000 acres of hemp expected to be planted in Kentucky and considering an average plant density per acre of well over 1,000, farmers in Kentucky will need hundreds of millions of clones over the coming years,’ Sugarmade CEO Jimmy Chan, who is also a Hempistry director, stated in the news release. ‘When these numbers are multiplied over the many other hemp cultivation states, it is easy for anyone to see the strong demand scenario that is quickly developing.’ . . . The hydroponics sector along with production of hemp and cannabis are seen as two of the top-five most important major agricultural investing trends for 2019, according to a blog post by HarvestReturns.com (http://cnw.fm/Hmrm7). Hydroponic farming can rapidly help serve unmet demands for fresh organic produce and can be adapted to many different crops, including cannabis and hemp.”

To view the full article, visit http://cnw.fm/GkNI3

About Sugarmade Inc.

Sugarmade Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade’s brands include Zenhydro.com, AthenaUnited.com, CarryOutSupplies.com and BudLife Cannabis Storage Solutions. For more information, visit the company’s website at www.Sugarmade.com.

NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://cnw.fm/SUGAR

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

The post CannabisNewsBreaks – Sugarmade Inc. (SGMD) Gains Traction in Industrial Hemp Sector appeared first on CannabisNewsWire.

READ MORE: https://www.cannabisnewswire.com/cannabisnewsbreaks/cannabisnewsbreaks-sugarmade-inc-sgmd-gains-traction-in-industrial-hemp-sector/