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://cnw.fm/Xa3GM
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://cnw.fm/SUGAR
HempWireNews (HWN) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HNW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWireNews (HWN) is where HEMP news, content and information converge.
To receive instant SMS alerts, text HEMPWIRE to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.HempWireNews.com
Do you have a questions or are you interested in working with HWN? Ask our Editor
HempWireNews is part of the InvestorBrandNetwork.