Sugarmade (OTCQB: SGMD), one of the largest publicly traded hydroponics supply companies moving into the industrial hemp space, currently holds a strong position as American farmers pursue refuge from the low prices and decreased sales created by the ongoing U.S.-China trade war. An article discussing the company reads, “In the wake of the trade war between the United States and China, hemp has become a refuge for American farmers suffering from the resulting lower prices and sinking sales, as detailed in a recent CannabisNewsWire article (http://cnw.fm/MaWv3). The uncertain trade relationship between the two countries has created an especially strong market for companies such as Sugarmade that are suppliers of equipment to hemp cultivators. This is particularly true in the markets seeing the fastest growth in hemp farming, such as Western Kentucky and Tennessee. SGMD is not in the hemp-cultivation business itself, but it has a business model of supporting and supplying hemp-industry cultivators, among others.”
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About Sugarmade Inc.
Sugarmade 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 nonplant-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, which 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 leading 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
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