NetworkNewsBreaks – Sugarmade Inc. (SGMD) Tackle
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Posted On: 08/28/2019 5:14:16 PM
NetworkNewsBreaks – Sugarmade Inc. (SGMD) Tackles Hemp Cultivation in Kentucky via Hempistry Investment
Sugarmade (OTCQB: SGMD), one of the largest publicly traded hydroponics supply companies moving into the industrial hemp space, has started hemp cultivation in Madison County, Kentucky, by exercising its investment option in Hempistry Inc. An article discussing the company reads, “Sugarmade CEO Jimmy Chan said in a news release (http://nnw.fm/3uPp6) that SGMD has ‘multiple options for growth, while (its) recently effective S-1 filing expands (Sugarmade’s) ability to finance the many initiatives in front of the company.’ SGMD is exploring the next generation of hemp-processing technology. The intersection of rising demand and the legal relief provided by the passage of the 2018 Farm Bill is expected to result in a peak industrial hemp crop in 2019. Hemp production is flourishing in Kentucky, as it leads the nation in quantity of cultivated acres, and SGMD’s commitment to the state is evident through its relationships with cultivators and suppliers like Hempistry and BZRTH.”
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), one of the largest publicly traded hydroponics supply companies moving into the industrial hemp space, has started hemp cultivation in Madison County, Kentucky, by exercising its investment option in Hempistry Inc. An article discussing the company reads, “Sugarmade CEO Jimmy Chan said in a news release (http://nnw.fm/3uPp6) that SGMD has ‘multiple options for growth, while (its) recently effective S-1 filing expands (Sugarmade’s) ability to finance the many initiatives in front of the company.’ SGMD is exploring the next generation of hemp-processing technology. The intersection of rising demand and the legal relief provided by the passage of the 2018 Farm Bill is expected to result in a peak industrial hemp crop in 2019. Hemp production is flourishing in Kentucky, as it leads the nation in quantity of cultivated acres, and SGMD’s commitment to the state is evident through its relationships with cultivators and suppliers like Hempistry and BZRTH.”
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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