Sugarmade, Inc. (SGMD) Scaling Up in Cannabis Space with Acquisitions and Agreements
Scaling up with acquisitions and agreements in cannabis and hemp sectors SGMD to gain synergy from application of hydroponics to cannabis cultivation Revenue guidance for 2019 raised to $70 million With California’s legal cannabis market expected to grow “more than 18 percent annually to hit $5.6 billion by 2020” (http://cnw.fm/Cxzx0) and the hydroponics market on “a CAGR of 6.5%” (http://cnw.fm/E2Nyv) from 2018 to 2023, California-based Sugarmade, Inc. (OTCQB: SGMD) has positioned itself at the confluence of two great market movements. The state was the first to buck the trend of prohibition when, in 1996, it passed the Compassionate Care Act, which legalized medical cannabis.…






