Sugarmade Inc. (SGMD) Focuses on Hydroponic, Cultivation Supplies in Booming Hemp Sector

SGMD is commencing hemp cultivation by exercising an investment option in Hempistry Inc. Hempistry has a site in Madisonville, Hopkins County, Kentucky, where it is cultivating a fast-growing strain of hemp that’s rich in cannabidiol Hemp Business Journal reports that hemp generated more than $1 billion in revenues in the U.S. in 2018; the market is projected to reach $1.9 billion by 2022

Sugarmade Inc. (OTCQB: SGMD), a supplier of hydroponic and cultivation equipment to operators in the booming industrial hemp sector, has commenced hemp cultivation with Hempistry Inc. in Madison County, Kentucky. Sugarmade also announced that it is exercising its investment option in Hempistry as it intensifies its supplier and investor roles in the market (http://nnw.fm/3uPp6).

Hempistry is cultivating a fast-growing strain of hemp that’s rich in cannabidiol. Although Sugarmade is not in the hemp cultivation business itself, the company has a…

Read More>>

NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://nnw.fm/SUGAR

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

More Press Releases

Without Messi, Barcelona loses 1st league opener in 10 years

Aug 17, 2019

MADRID — Barcelona lost its opening Spanish league match for the first time in a decade on Friday, falling at Athletic Bilbao 1-0 as Antoine Griezmann couldn't make up for Lionel Messi's absence. Veteran striker Aritz Aduriz scored from a spectacular overhead kick a minute after coming off the bench in the 88th minute, handing Barcelona the loss after 10 straight opening league wins. Griezmann, Barcelona's biggest offseason signing, was held scoreless in his competitive debut after joining from rival Atlético Madrid for 120 million euros ($133 million). It was a lackluster performance for the France forward whose only significant...

Eataly severs ties with Mario Batali amid misconduct scandal

Aug 17, 2019

NEW YORK — Chef Mario Batali, whose career crumbled amid sexual misconduct allegations, no longer owns a stake in Eataly, the Italian marketplaces he once heavily promoted. Chris Giglio, a spokesman for Eataly USA, told The Associated Press on Friday the company has purchased Batali's minority interest, formally ending the relationship. Batali has had no direct involvement with Eataly since December 2017, Giglio said. Batali, known for his orange Crocs and ponytail, has pleaded not guilty to a charge that he forcibly kissed and groped a woman at a Boston restaurant in 2017. The next court hearing in the case...

Sister: Earnhardt Jr. 'safe' after plane crash in Tennessee

Aug 17, 2019

ELIZABETHTON, Tenn. — Dale Earnhardt Jr. is "safe" and in a hospital for evaluation after his plane crashed in east Tennessee, the NASCAR television analyst and retired driver's sister tweeted. Earnhardt's sister, Kelley Earnhardt Miller, tweeted that the driver's wife, Amy, and 15-month-old daughter, Isla, also were on the plane along with two pilots. "Everyone is safe and has been taken to the hospital for further evaluation," she tweeted. "We will have no further information at this time." Federal Aviation Administration officials said a Cessna Citation rolled off the end of a runway and caught fire after landing at Elizabethton...

Aretha Franklin's cancer doctors recall her grace, grit

Aug 17, 2019

DETROIT — Regardless of her reputation as a performer, Aretha Franklin 's cancer doctors say she was no diva as a patient. As the anniversary of her death approaches, two of her doctors tell The Associated Press that the Queen of Soul handled the diagnosis and treatment with grace — and the grit to keep performing for years with a rare type of cancer. "As a person, she was extremely kind, she was respectful, she was funny — she treated people like me and my team members as her friends," said Dr. Manisha Shah of Ohio State University. "There is...

CMA voters deciding whether to nominate 'Old Town Road'

Aug 17, 2019

NASHVILLE, Tenn. — Rapper Lil Nas X's "Old Town Road" with Billy Ray Cyrus has created a musical phenomenon, but many in Nashville are trying to decide whether to nominate it for a country music award. Voting is underway for nominations for the Country Music Association Awards. "Old Town Road" faces an uphill challenge. Hit songwriter and producer Shane McAnally says most people in the country music industry do not consider it a country song. Billboard removed the song from the country charts early on, but it made enough of an impact that it became eligible anyway. Non-country artists have...

Broaden News

Reporter Pass is the only access you need to get into Hollywood. No matter it’s the red carpet event or backstage access, we’ve got you covered.

Contact us: sales@reppass.com

Award ShowsCelebrityPaparazziRoyaltyMoviesMusicTelevision Programs Press Releases