$SGMD Sugarmade continues on a strong growth trajectory, which is expected to allow the Company to produce revenue of at least $30 million for the fiscal year ending 2019, representing annual growth of over 500 percent. The aggressive growth rate is being driven by rapid expansion within the cannabis marketplace, in particular the cannabis cultivation sub-sector, where a majority of the Company's products are focused.

"Over the past year, we have significantly enhanced our operational staff and our internal systems preparing for our rapid growth,” Jimmy Chan, CEO of Sugarmade, said. “With these changes, we believe we are optimally sized, but we want to ensure we are able to manage our aggressively planned growth rate. To this end, we have determined our culinary products are no longer strategic to our goals and thus we are terminating the marketing of these products in order to increase our focus on our highest growth product areas, which is the cultivation-related cannabis sector.”

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