Hydroponics supply company Sugarmade (OTCQB: SGMD) is
expanding in the rapidly growing cannabis industry through acquisitions,
including a direct investment in hemp production. A recent article discussing
the company reads, “Sugarmade is also positioned to benefit through a more
direct investment in the cultivation of hemp for production of cannabidiol, or
CBD, a compound with therapeutic benefits. Sugarmade recently committed a
million-dollar investment in Hempistry, Inc., which is cultivating an ultra-high-CBD
strain of hemp on 23,000 acres in Kentucky. The Hemp Business Journal has
forecast that the U.S. market for hemp products will reach $1.9 billion by
2022, with $646 million of that coming from CDB.”
To view the full article, visit http://ibn.fm/cg16S
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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