NetworkNewsBreaks – Sugarmade Inc. (SGMD) to Ent
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Posted On: 06/12/2019 4:35:10 PM
NetworkNewsBreaks – Sugarmade Inc. (SGMD) to Enter Hemp Extraction Technologies and Equipment Market
Major supplier to the growing hydroponic cultivation sector Sugarmade (OTCQB: SGMD) this morning announced a new business initiative intended to expand its revenue base. According to the update, the company, over the coming weeks, will be entering the market for hemp extraction equipment and technologies, including several Chinese proprietary technologies, with the potential of increasing efficiencies. “Our staff has done extensive research into the fast growing hemp industry. We continue to see an imbalance between cultivation outputs and extraction capacities within the industry,” Sugarmade CEO Jimmy Chan said in the news release. “This leads us to believe the market for extraction services and the equipment required by these extraction companies will continue to accelerate. We plan to not only market several domestic technologies, but also next generation technologies we plan to implement from Southern China, where hemp cultivation and herbal extraction technologies are well ahead of North America.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Major supplier to the growing hydroponic cultivation sector Sugarmade (OTCQB: SGMD) this morning announced a new business initiative intended to expand its revenue base. According to the update, the company, over the coming weeks, will be entering the market for hemp extraction equipment and technologies, including several Chinese proprietary technologies, with the potential of increasing efficiencies. “Our staff has done extensive research into the fast growing hemp industry. We continue to see an imbalance between cultivation outputs and extraction capacities within the industry,” Sugarmade CEO Jimmy Chan said in the news release. “This leads us to believe the market for extraction services and the equipment required by these extraction companies will continue to accelerate. We plan to not only market several domestic technologies, but also next generation technologies we plan to implement from Southern China, where hemp cultivation and herbal extraction technologies are well ahead of North America.”
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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