Major supplier to the growing hydroponic cultivation sector Sugarmade (OTCQB: SGMD) this morning announced a new business initiative intended to expand its revenue base. According to the update, the company, over the coming weeks, will be entering the market for hemp extraction equipment and technologies, including several Chinese proprietary technologies, with the potential of increasing efficiencies. “Our staff has done extensive research into the fast growing hemp industry. We continue to see an imbalance between cultivation outputs and extraction capacities within the industry,” Sugarmade CEO Jimmy Chan said in the news release. “This leads us to believe the market for extraction services and the equipment required by these extraction companies will continue to accelerate. We plan to not only market several domestic technologies, but also next generation technologies we plan to implement from Southern China, where hemp cultivation and herbal extraction technologies are well ahead of North America.”
To view the full press release, visit http://ibn.fm/kmzqe
About Sugarmade Inc.
Sugarmade Inc. is a product and brand marketing company investing in products and brands with disruptive potential. 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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