Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic
cultivation and hemp sectors, today announced its entry into the hemp
extraction and laboratory equipment marketplace, one of the fastest-growing
areas of the overall hemp industry. In addition, the company announced that it
has begun shipments of equipment to be installed in one of the largest planned
facilities in the eastern portion of the United States. “We are very pleased to
announce we have accepted the initial components from the manufacturer and
these components are now in shipping containers en route to Western Kentucky to
be installed at what will likely be one of the largest extraction facilities in
the eastern part of the United States,” SGMD CEO Jimmy Chan said in the news
release. “We will begin booking this revenue upon delivery and
installation, which is expected to begin in January.”
To view the full press release, visit http://ibn.fm/01LPd
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, operates Zenhydro.com, a leading
supplier to the Online Hydroponic Market and 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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