Sugarmade Inc. SGMD Archives - Page 16 of 20

ThursdayApr 25, 2019 1:07 pm

Sugarmade Inc. (SGMD) Among Hemp-Related Businesses Likely to Benefit if Congress Approves Cannabis Banking Legislation

Sugarmade is focusing its hydroponic agricultural supplies operation on the emerging hemp industry Passage of the 2018 Farm Bill opened the gates to a new wave of hemp farming that portends a possible boom market The hemp industry has suffered from the same banking antipathy afflicting state-legal marijuana businesses because of federal regulation of cannabis’ drug uses Congress has begun considering legislation that would potentially bar federal agencies from penalizing financial institutions that serve cannabis-related businesses Congressional legislation that aims to open banking institutions’ doors to the cannabis industry would not only benefit state-legal marijuana businesses, but also agricultural businesses…

ThursdayApr 18, 2019 2:05 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Enters Supply Contract to Support Hempistry’s Micropropagation Work

Sugarmade (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, recently entered an agreement with Hempistry Inc., a Kentucky-based hemp cultivator, to deliver resources for its plant micropropagation work. A recent article discussing the company reads, “Sugarmade’s supply contract with Hempistry for the latter’s micropropagation operations is expected to be an ongoing relationship, as Hempistry grows domestically and into the international arena. . . . Micropropagation is a process that involves cloning or ‘propagating’ new hemp plants from existing ‘mother’ plants that have shown a desirable genetic profile. Much of the hemp cultivated in North America is grown…

TuesdayApr 16, 2019 10:36 am

Sugarmade Inc. (SGMD) and Hempistry Ink Supply Contract amid Boom in Kentucky Hemp Industry

Hemp industry’s growth exhibiting boom trends in wake of the 2018 Farm Bill’s passage, altering regulatory oversight of the plant Sugarmade is focusing efforts on supporting the nascent hemp industry with hydroponic growth supplies The company has also signed a supply agreement with Kentucky-based private hemp cultivator Hempistry to support Hempistry’s micropropagation work Micropropagation helps growers ensure plant quality by cloning “mother” plants that exhibit preferred genetic traits Hydroponic agriculture supplier Sugarmade Inc. (OTCQB: SGMD) is preparing to significantly expand its operations in the hemp cultivation industry following recent regulatory changes in the agriculture sector and a new agreement with…

ThursdayApr 11, 2019 10:52 am

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Enters Supply Contract with Hempistry, Inc.

Major supplier to the growing hydroponic cultivation sector Sugarmade (OTCQB: SGMD) this morning announced its entry into a supply contract with Hempistry, Inc., as the Kentucky-based hemp cultivator acquires supplies for its hemp micropropagation operation. Per the update, Sugarmade expects the supply relationship to be ongoing as Hempistry expands both domestic and international operations. “With at least 42,000 acres of hemp expected to be planted in Kentucky and considering an average plant density per acre of well over 1,000, farmers in Kentucky will need hundreds of millions of clones over the coming years,” Sugarmade CEO and Hempistry Director Jimmy Chan…

FridayMar 29, 2019 2:59 pm

QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Strengthens Market Position via Planned Acquisition as Cultivation Supplies Shortages Rise

Sugarmade (OTCQB: SGMD) recently announced a planned acquisition of Sky Unlimited LLC, a major supplier to large commercial agricultural cultivation operations. An article discussing the company reads, “The acquisition is anticipated to generate new revenue streams from wholesale and commercial clients in both the traditional hydroponic markets and industrial hemp. . . . In a news release, Jimmy Chan, CEO of Sugarmade, noted that Sky Unlimited recently received new shipments of many critical grow supplies for the booming hemp cultivation sector; nonetheless, farmers are advised to order as soon as possible. Many items are experiencing long lead times, and backorders…

FridayJan 04, 2019 10:30 am

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Stands Firm in its Commitment to Supply the Legal Cannabis Cultivation Industry

Sugarmade (OTCQB: SGMD) remains focused on supplying equipment and technologies to support the legal cultivation, processing and storage of cannabis and other agricultural products. A recent article discussing the company reads, “Sugarmade is expecting substantial payoff for its commitment to the industry. The company intends to invest in Hempistry, Inc. a privately held Nevada corporation, which has begun planting an ultra-high cannabidiol (CBD) industrial hemp strain in the U.S. State of Kentucky (http://ibn.fm/39SPe). In addition, Sugarmade has signaled strong interest in an agreement with Hempistry for hemp cultivation supplies. Hempistry has already begun planting and has signed an agreement reserving…

WednesdayJan 02, 2019 11:36 am

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://ibn.fm/FlhFw) and the hydroponics market on “a CAGR of 6.5%” (http://ibn.fm/T5pCt) 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…

ThursdayDec 27, 2018 12:46 pm

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Meeting the Swelling Demand for Hydroponic Supplies

Hydroponics supply company Sugarmade (OTCQB: SGMD) is engaged in various growing business segments, some of which serve the expanding cannabis industry. A recent article discussing the company reads, “The demand for hydroponic cultivation is growing as the demand for cannabis increases due to legalization across the United States. Hydroponics produces plants with faster growth, higher yield and better quality. Known as a quick-serve restaurant and hydroponics supply company, SGMD is shifting its primary focus toward serving, investing in and profiting from the cannabis industry.” To view the full article, visit http://ibn.fm/1AEwK About Sugarmade, Inc. Sugarmade, Inc. is a product and…

WednesdayDec 26, 2018 9:45 am

Sugarmade, Inc. (SGMD) Stays Abreast of the Growing Hemp Market, Which Could See Exponential Growth with Passage of Farm Bill 2018

Farm Bill 2018 legalizes hemp production in the United States, with some restrictions Hemp industry already estimated to reach over $1 billion in 2018 revenues Sugarmade, Inc. investing in hemp production to take advantage of the fast-growing U.S. hemp and cannabis market Sugarmade, Inc. (OTC: SGMD), one of the largest publicly traded hydroponic supply companies, is discovering new opportunities in the hemp and cannabis industry as a landmark farm bill legalizes hemp cultivation in the United States. The 2018 Farm Bill, approved by Congress and signed by President Trump, signifies important progress for enthusiasts of the cannabis plant and its…

WednesdayDec 19, 2018 9:18 am

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Sees Bright Future Upon Implementation of Hemp Provisions to the U.S. Farm Bill

Sugarmade (OTCQB: SGMD) this morning commented on recent provisions of the U.S. Farm Bill regarding specific hemp cultivation and legalization. The company believes the passage of the bill could create extra revenue and investment opportunities, as the industrial hemp, CBD oils and other hemp products markets are expected to skyrocket upon implementation of the provisions. “Our vast experience in the supply of cultivation, harvesting and processing products places Sugarmade in a strong position to increase its revenue and profit outlooks as dozens of new operations prepare to come online," Sugarmade CEO Jimmy Chan stated in the news release. “Many of…

Site Search

Company Search

Tag: Sugarmade Inc. SGMD