NetworkNewsBreaks – Sugarmade Inc. (SGMD) Gains
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Posted On: 06/07/2019 5:20:37 PM
NetworkNewsBreaks – Sugarmade Inc. (SGMD) Gains Traction in Industrial Hemp Sector
Sugarmade (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, entered into a supply contract with Hempistry Inc. in April, securing its spot in the newly legal industrial hemp sector (http://nnw.fm/81Jfc). A recent article discussing Sugarmade reads, “‘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 Jimmy Chan, who is also a Hempistry director, stated in the news release. ‘When these numbers are multiplied over the many other hemp cultivation states, it is easy for anyone to see the strong demand scenario that is quickly developing.’ . . . The hydroponics sector along with production of hemp and cannabis are seen as two of the top-five most important major agricultural investing trends for 2019, according to a blog post by HarvestReturns.com (http://nnw.fm/Pra13). Hydroponic farming can rapidly help serve unmet demands for fresh organic produce and can be adapted to many different crops, including cannabis and hemp.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Sugarmade (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, entered into a supply contract with Hempistry Inc. in April, securing its spot in the newly legal industrial hemp sector (http://nnw.fm/81Jfc). A recent article discussing Sugarmade reads, “‘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 Jimmy Chan, who is also a Hempistry director, stated in the news release. ‘When these numbers are multiplied over the many other hemp cultivation states, it is easy for anyone to see the strong demand scenario that is quickly developing.’ . . . The hydroponics sector along with production of hemp and cannabis are seen as two of the top-five most important major agricultural investing trends for 2019, according to a blog post by HarvestReturns.com (http://nnw.fm/Pra13). Hydroponic farming can rapidly help serve unmet demands for fresh organic produce and can be adapted to many different crops, including cannabis and hemp.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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