NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Eyein

NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Eyeing Opportunity Amid California’s Expected Mass ‘Green Lighting’ of Annual Cannabis Cultivation Applications

Hydroponics supply company Sugarmade (OTCQB: SGMD) today provided comments on its expected revenue growth in hydroponic related supplies amidst the rapidly-changing California cannabis cultivation licensing environment. Sugarmade expects accelerated revenue growth as a result of the state’s projected mass “Green Lighting” of annual cultivation permits that it projects will spur purchase of cultivation supplies by large grow operations. “Our customers, especially those in Santa Barbara, Monterey and Humbolt counties, the three most prolific cultivation areas in California, are indicting to us they too are expecting the permitting process to break free shortly and they are thus informing us of their plans to accelerate purchasing,” Sugarmade CEO Jimmy Chan stated in the news release. “We believe this will add to our already strong expected growth rate. We are seeing the cultivation market increasingly shift to the larger commercial growers and we view these operators as our prime markets. We believe, especially considering the recently announced acquisition of Sky Unlimited, LLC, which focuses primarily on these large cultivation operators, we are optimally positioned to meet this expected wave of purchasing of cultivation supplies.”

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