NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Issue

NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Issues Shareholder Letter on Momentum and Significant Opportunities that Lie Ahead

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today issued a shareholder letter on behalf of the company’s CEO. In the letter, SGMD CEO Jimmy Chan discusses the company’s momentum, commitment to its long-term value proposition and significant opportunities that lie ahead. “The market for hemp and hemp-related products is going to be significantly larger five years from now than it is today. No one disagrees with that basic premise. Our model, fundamentally, is predicated on the idea that this larger structural boom will contain lots of ups and downs for primary producers, but will be a much smoother ride for companies able to position as pick-and-shovels to those producers,” Sugarmade CEO Jimmy Chan states in the letter. “As the overall industry grows, the pie gets bigger and bigger for those catering to that industry. And hydroponics is a natural solution to tightening margins, which puts us squarely in the game for every part of the cycle.”

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