Sugarmade Inc. SGMD Archives - Page 19 of 20

TuesdayOct 09, 2018 12:33 pm

SeeThruEquity Features Sugarmade, Inc. (SGMD) as Company Looks Forward to Passage of Hemp Bill

SeeThruEquity recommends a share price of $0.30 Bill would make hemp an ordinary agricultural product and no longer a controlled substance Hemp-derived cannabidiol market worth $591 million, expected to hit $22 billion in under five years With the U.S. Congress on the verge of making hemp an ordinary agricultural crop instead of a controlled substance, hydroponics supply company Sugarmade, Inc. (OTCQB: SGMD) has made comments on its recent venture into the hemp market (http://ibn.fm/5Xt4m). Sugarmade last month announced that it was investing $1 million in Hempistry, Inc., a company producing ultra-high cannabidiol hemp. Hempistry in July started work on cultivating hemp…

MondayOct 08, 2018 2:52 pm

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Enters European Hydroponics Market

Sugarmade (OTCQB: SGMD) has set its sights on the budding hydroponics market in Europe. An article discussing the company reads, “Sugarmade, Inc. (OTC: SGMD) is targeting the European hydroponics market, supplying multiple products for cultivators via its first order through the Amazon UK program. Its agreement calls for it to offer several dozen stock keeping units (SKUs) to be sold in the United Kingdom. A cannabis-related supply company, SGMD projects that its 2019 volume will reach $30 million at operating profitability (http://ibn.fm/8m7iT). … In a news release, Jimmy Chan, CEO of SGMD, said, “While we have previously informed our investors…

TuesdayOct 02, 2018 10:03 am

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Takes Steps to Acquire Hydroponic Companies for $45M Revenue Stream

Shares of Sugarmade, Inc. (OTCQB: SGMD) surged 10 percent in early trade, moving on volume of more than 2.5 million, after the hydroponics supply company said it has issued formal proposals to acquire two profitable hydroponic cultivation supply companies in the cannabis sector. Should the acquisitions be successful, the company said it will boost its revenue guidance to $75 million for next year. Sugarmade recently provided 2019 guidance of $30 million. "These acquisitions will not only very significantly boost our top line revenue growth, but will also expand our distribution across the most important sectors of the fast-growing cannabis marketplace,…

FridaySep 28, 2018 1:44 pm

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Expands within Surging Hydroponics Supply Sector

Hydroponic supply company Sugarmade (OTC: SGMD) is strengthening its portfolio through various proposed acquisitions as the hydroponic supply sector is forecasted to experience steady growth over the next few years. An article discussing the company reads, “Sugarmade is a Southern California company invested in the development of products and brands with disruptive potential. Recently, the company expanded into Europe’s hydroponics supply market and saw its revenue growth patterns expand geographically from California-centric last year to an increasing number of U.S. states where legalization has eased restriction and on into the United Kingdom. … On August 28, Sugarmade announced that it…

ThursdaySep 20, 2018 10:43 am

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Posts Update Regarding Recent Investment Amid Pending Hemp Bill Passage

Company management of Sugarmade (OTC: SGMD), a hydroponic supply company, this morning commented on its recent investment into the industrial hemp market as the pending Hemp Bill of 2018 appears to be on the verge of passage and enactment into federal law. The company believes the hemp portion of the farm bill will benefit Sugarmade and its shareholders if it passes. Sugarmade recently announced that it is committing capital to invest in Hempistry, Inc., a privately held Nevada corporation, which has started planting an ultra-high CBD industrial hemp strain in Kentucky. “Cultivation of hemp on the Kentucky site began in…

ThursdaySep 20, 2018 10:20 am

Research Firm SeeThruEquity Begins Coverage of Hydroponics Supply Provider Sugarmade, Inc. (SGMD)

Investment analysts recommend a share price of $0.30, more than double last week’s rate Sugarmade poised to supply equipment to burgeoning numbers of cannabis cultivators Company has expanded into the European market Independent research firm SeeThruEquity has commenced coverage of Sugarmade, Inc. (OTC: SGMD), a hydroponics supply company. In its initial report, SeeThruEquity (http://ibn.fm/qsInW) noted, “Sugarmade appears well-positioned to target the large and growing opportunity to supply hydroponics equipment and supplies to the cannabis cultivation market in the United States through its master marketing agreement with BizRight.” In the report, SeeThruEquity recommends a target share price of $0.30 for Sugarmade, which…

WednesdaySep 19, 2018 12:43 pm

QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Strategic Investment Offers Great Opportunity in the Cannabis Sector

Hydroponic supply company Sugarmade (OTC: SGMD) earlier this month reported that it will be investing an estimated $1 million in capital in Hempistry, Inc. A recent article further discussing the company’s investment reads: “One of the primary reasons that the Hempistry project is such an attractive entry point for Sugarmade is the hemp grown by the company, which contains high levels of CBD while containing low levels (less than 0.3 percent) of THC. Both are natural compounds found in cannabis, but they create vastly different effects when consumed. CBD is a non-psychoactive compound that doesn’t produce the problematic ‘high’ associated…

MondaySep 17, 2018 10:54 am

Sugarmade, Inc. (SGMD) Eyes European Hydroponics Supply Growth in Europe, Projected to be a €115 Billion Cannabis Market by 2028

The company is entering the European hydroponics market as it expands its foothold in the cannabis supply marketplace through its first order program via Amazon UK SGMD estimates that its revenue will reach $30 million by 2019 with operating profitability and positive operating cash flow; it is increasing its commitment to the industrial hemp sector The European marijuana market is seen as becoming the largest cannabis market in the world, with more than $150 million invested already Sugarmade, Inc. (OTC: SGMD) is targeting the European hydroponics market, supplying multiple products for cultivators via its first order through the Amazon UK…

TuesdaySep 11, 2018 3:20 pm

QualityStocksNewsBreaks – Why Sugarmade, Inc. (SGMD) is “One to Watch”

Hydroponic supply company Sugarmade (OTC: SGMD) is a product and brand marketing company investing in products and brands with disruptive potential. A recent article further discussing the company reads: “Sugarmade recently launched a new corporate initiative in the booming industrial hemp and CBD, committing up to $1 million in capital over the next 12 months to invest in Hempistry, Inc., a privately held Nevada corporation. Hempistry has begun planting an ultra-high cannabidiol (CBD) industrial hemp strain on a land option it holds on 23,000 acres of prime Kentucky farmland. The strain of industrial hemp being grown by Hempistry is ultra-rich…

MondaySep 10, 2018 1:40 pm

Sugarmade, Inc. (SGMD) Turns Sights toward Supplying Burgeoning Cannabis Industries

Global hydroponics industry expected to enjoy 6.5 percent CAGR through 2025 amid competitive growth Sugarmade building hydroponics holdings with proposed acquisitions, foray into U.S. hemp market Company’s reach extending to European markets with recent targeting of global leader in hydroponic consumption The growing popularity of cannabis both as a medicinal plant extract and a relaxing recreational drug during recent years has created a bellwether effect for a number of industries that see potential in catering to the companies that in turn cater to cannabidiol (CBD) and marijuana clients. Among them, hydroponics suppliers are seeing tremendous year-over-year growth lately, and Sugarmade,…

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