Hydroponics supply company Sugarmade (OTCQB: SGMD) has made
a commitment to invest $1 million in Hempistry Inc., advancing its goal of
producing ultra-high CBD-content hemp grown in Kentucky. A recent article
discussing the company reads, “The investment in Hempistry is a strategic one
for SGMD, as the U.S. industrial hemp market is forecast to grow to $1 billion
in revenues in 2018. The expected compound annual growth rate (CAGR) for
industrial hemp through 2022 in the U.S. alone is expected to be 14 percent. …
Hempistry Inc. is a Nevada-based privately-held corporation focusing on the
growth of ultra-high CBD industrial hemp. This hemp strain contains not more
than 0.3 percent THC, the ingredient found in marijuana that is responsible for
its recreational function.”
To view the full article, visit http://ibn.fm/ZxnnT
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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www.QualityStocks.com
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Editor@QualityStocks.com
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