Company management of Sugarmade (OTC: SGMD), a hydroponic
supply company, this morning commented on its recent investment into the
industrial hemp market as the pending Hemp Bill of 2018 appears to be on the
verge of passage and enactment into federal law. The company believes the hemp
portion of the farm bill will benefit Sugarmade and its shareholders if it
passes. Sugarmade recently announced that it is committing capital to invest in
Hempistry, Inc., a privately held Nevada corporation, which has started
planting an ultra-high CBD industrial hemp strain in Kentucky. “Cultivation of
hemp on the Kentucky site began in early July with even the recent heavy rains
not hampering the growth. We are especially excited about the particular strain
of hemp that was planted, which is expected to yield up to 14% CBD. Such a
strain of product is in significant demand and it is expected that the entire
crop will be sold prior to harvest. Our timing on our investment could not have
been better considering the pending Farm and Hemp Bills and demand situation,
which seems to get tighter almost every day,” Sugarmade CEO Jimmy Chan stated
in the news release.
To view the full press release, visit http://ibn.fm/ebnqJ
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, CarryOutSupplies.com, and BudLife Cannabis Storage
Solutions. For more information on the company’s products, please visit www.Sugarmade.com.
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