NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Enters Hemp Extraction and Laboratory Equipment Marketplace, Initial Shipment En Route to Mega Extraction Facility

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today announced its entry into the hemp extraction and laboratory equipment marketplace, one of the fastest-growing areas of the overall hemp industry. In addition, the company announced that it has begun shipments of equipment to be installed in one of the largest planned facilities in the eastern portion of the United States. “We are very pleased to announce we have accepted the initial components from the manufacturer and these components are now in shipping containers en route to Western Kentucky to be installed at what will likely be one of the largest extraction facilities in the eastern part of the United States,” SGMD CEO Jimmy Chan said in the news release. “We will begin booking this revenue upon delivery and installation, which is expected to begin in January.”

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