Hydroponics supply company Sugarmade (OTCQB: SGMD) is in a
great position for growth through its various endeavors in the diverse cannabis
industry, which is forecasted to reach $47 billion within the next 10 years. An
article further discussing the company reads, “The company is one of the
largest publicly traded hydroponics supply companies, with brands that include
Zen Hydro, Carry Out Supplies, BudLife Cannabis Storage Solutions and Cali
Grown Supplies. With a finger in so many pies, Sugarmade is poised for growth
as the cannabis industry continues its exponential expansion. Spending on legal
cannabis is projected to quadruple to over $47 billion over the next decade
from its present level of about $11 billion (http://ibn.fm/0xu9x). … Headquartered in Monrovia, Los
Angeles County, California, Sugarmade has been operating in several areas. The
company is a supplier of generic and custom printed products to the quick
service restaurant sub-sector of the restaurant industry, but its main focus is
on the supply of hydroponic and other cultivation systems, with particular
emphasis on the cannabis industry. Sugarmade aims to become a major force in
the cannabis cultivation market as a supplier; however, the company will not be
directly involved in the cultivation, processing, distribution or marketing of
cannabis.”
To view the full article, visit http://ibn.fm/FwGnM
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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