Sugarmade (OTCQB: SGMD), one of the largest publicly traded
hydroponics supply companies moving into the industrial hemp space, currently
holds a strong position as American farmers pursue refuge from the low prices
and decreased sales created by the ongoing U.S.-China trade war. An article
discussing the company reads, “In the wake of the trade war between the United
States and China, hemp has become a refuge for American farmers suffering from
the resulting lower prices and sinking sales, as detailed in a recent
CannabisNewsWire article (http://ibn.fm/BhGYA).
The uncertain trade relationship between the two countries has created an
especially strong market for companies such as Sugarmade that are suppliers of
equipment to hemp cultivators. This is particularly true in the markets seeing
the fastest growth in hemp farming, such as Western Kentucky and Tennessee.
SGMD is not in the hemp-cultivation business itself, but it has a business
model of supporting and supplying hemp-industry cultivators, among others.”
To view the full article, visit http://ibn.fm/waiRu
About Sugarmade Inc.
Sugarmade is a product and branding marketing company investing
in operations and technologies with disruptive potential. The company is
becoming a leading supplier to the growing hemp and cannabis industries as a
nonplant-touching provider of cultivation and processing supplies to industry
players. The company is in the process of acquiring several leading hemp- and
cannabis-supply companies, which are currently producing in excess of $70
million in annual revenues. Sugarmade is also an investor in fast-growing
Hempistry Inc., a Kentucky-based cultivator and processor of industrial hemp
and hemp distillates and isolates, and operates Carryoutsupplies.com, a leading
provider to the quick-service restaurant industry. For more information, visit
the company’s website at www.Sugarmade.com.
NOTE TO INVESTORS: The latest news and updates
relating to SGMD are available in the company’s newsroom at http://ibn.fm/SUGAR
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