Sugarmade, Inc. (SGMD) Sees Significant Future Revenue Growth, Cost Synergies with Targeted Acquisition Proposals
If successful, acquisition of two profitable hydroponic cultivation supply companies will boost Sugarmade’s 2019 revenue guidance to $75 million Global hydroponics market expected to be worth more than $10 billion by 2023 Expansion into hemp market includes significant investment into hemp cultivation Hemp-derived cannabidiol market worth $591 million, expected to hit $22 billion in under five years Sugarmade, Inc. (OTCQB: SGMD), one of the largest publicly traded hydroponics supply companies moving into the industrial hemp space, is seeking to expand its portfolio with the acquisition of two hydroponic cultivation companies working in the lucrative cannabis space. Bringing the two companies into…