Hydroponics supply company Sugarmade (OTCQB: SGMD) today
provided comments on its expected revenue growth in hydroponic related supplies
amidst the rapidly-changing California cannabis cultivation licensing
environment. Sugarmade expects accelerated revenue growth as a result of
the state’s projected mass “Green Lighting” of annual cultivation permits that
it projects will spur purchase of cultivation supplies by large grow
operations. “Our customers, especially those in Santa Barbara, Monterey and
Humbolt counties, the three most prolific cultivation areas in California, are
indicting to us they too are expecting the permitting process to break free
shortly and they are thus informing us of their plans to accelerate
purchasing,” Sugarmade CEO Jimmy Chan stated in the news release. “We
believe this will add to our already strong expected growth rate. We are seeing
the cultivation market increasingly shift to the larger commercial growers and
we view these operators as our prime markets. We believe, especially
considering the recently announced acquisition of Sky Unlimited, LLC, which
focuses primarily on these large cultivation operators, we are optimally
positioned to meet this expected wave of purchasing of cultivation supplies.”
To view the full press release, visit http://ibn.fm/wJ5L3
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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