NetworkNewsBreaks – Sugarmade Inc. (SGMD) Primed
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Posted On: 07/10/2019 4:02:58 PM
NetworkNewsBreaks – Sugarmade Inc. (SGMD) Primed for Profit as Industrial Hemp Sector Rapidly Expands
Sugarmade (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, is poised to benefit as the industrial hemp sector is forecasted to reach $13.03 billion by 2026 from $4.63 billion in 2018, increasing at a CAGR of 13.7% (http://nnw.fm/M1qBs). An article discussing the company reads, “There are several reasons why this market is forecast to expand at such a rapid rate. Hemp is a highly versatile plant that can be cultivated as a renewable source for raw materials utilized by various industries. In addition, hemp is a very lucrative rotation crop due to its ability to detoxify the soil and take in carbon dioxide. . . . Several subdivisions of the industrial hemp sector are anticipated to grow at a much higher rate than the average. The hemp seed segment, in particular, is expected to grow at a CAGR of 17.1% through 2025 — an increase in demand attributed to mounting interest in products like hemp oil and nutraceuticals (http://nnw.fm/igx0Y). Hemp seeds feature approximately 35% oil, which is a much-needed resource for the production of various popular products.”
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, is poised to benefit as the industrial hemp sector is forecasted to reach $13.03 billion by 2026 from $4.63 billion in 2018, increasing at a CAGR of 13.7% (http://nnw.fm/M1qBs). An article discussing the company reads, “There are several reasons why this market is forecast to expand at such a rapid rate. Hemp is a highly versatile plant that can be cultivated as a renewable source for raw materials utilized by various industries. In addition, hemp is a very lucrative rotation crop due to its ability to detoxify the soil and take in carbon dioxide. . . . Several subdivisions of the industrial hemp sector are anticipated to grow at a much higher rate than the average. The hemp seed segment, in particular, is expected to grow at a CAGR of 17.1% through 2025 — an increase in demand attributed to mounting interest in products like hemp oil and nutraceuticals (http://nnw.fm/igx0Y). Hemp seeds feature approximately 35% oil, which is a much-needed resource for the production of various popular products.”
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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