Sugarmade
(OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp
sectors, today issued a shareholder letter on behalf of the company’s CEO. In
the letter, SGMD CEO Jimmy Chan discusses the company’s momentum, commitment to
its long-term value proposition and significant opportunities that lie ahead.
“The market for hemp and hemp-related products is going to be significantly
larger five years from now than it is today. No one disagrees with that basic
premise. Our model, fundamentally, is predicated on the idea that this larger
structural boom will contain lots of ups and downs for primary producers, but
will be a much smoother ride for companies able to position as pick-and-shovels
to those producers,” Sugarmade CEO Jimmy Chan states in the letter. “As the
overall industry grows, the pie gets bigger and bigger for those catering to
that industry. And hydroponics is a natural solution to tightening margins,
which puts us squarely in the game for every part of the cycle.”
To view the full press release, visit http://ibn.fm/4rdny
About Sugarmade, Inc.
Sugarmade, Inc. (OTCQB: SGMD) 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
industry and is benefitting from the growth of the hydroponic marketplace. The
Company is in the process of acquiring several leading hydroponic and
agricultural supply companies that 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 of industrial hemp, and operates
Carryoutsupplies.com a leader 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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