Sugarmade (OTCQB: SGMD), one of the largest publicly traded
hydroponics supply companies moving into the industrial hemp space, today
announced that it is now prepared to complete the first closing of its BZRTH,
LLC acquisition. As a major supplier to the hydroponic and hemp cultivation
sectors, BZRTH produces more than $30 million in annual revenues. In addition,
the company is in the process of organizing a special meeting of shareholders
to elect new directors, including at least two independent directors with no
“material relationship” to the company. “It is an exciting time for Sugarmade,
especially as the California licensing and legislative agenda continue to show
strong promise. We have aggressive expansion plans and both the first closing
of BZRTH and the beginning of hemp cultivation operations in conjunction with
Kentucky-based Hempistry, Inc. are major milestones for our company,” Sugarmade
CEO Jimmy Chan stated in the news release.
To view the full press release, visit http://ibn.fm/ZB6SQ
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 and
cannabis industries as a non-plant 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 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 and processor of
industrial hemp and hemp distillates and isolates, 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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