NetworkNewsBreaks – Sugarmade Inc. (SGMD) Benefi
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Posted On: 07/14/2022 4:35:13 PM
NetworkNewsBreaks – Sugarmade Inc. (SGMD) Benefiting from ‘Snowballing’ Fresh Frozen Cannabis Market
Sugarmade (OTC: SGMD), an emerging leader in the licensed cannabis sector, recently announced the first transaction under its contract with Cannabis Global Inc. (OTC: CBGL). “The transaction calls for Sugarmade to produce an estimated 25,000 pounds of Fresh Frozen cannabis, which Cannabis Global will use in its product lines and will distribute to the California marketplace. Sugarmade and Cannabis Global have signed a prebooked, fixed-price contract in the amount of $700,000…” a recent article reads. This comes as a growing number of cannabis consumers are choosing Fresh Frozen cannabis, which is flash frozen immediately after harvest instead of undergoing the traditional treatment of drying and curing, as they seek naturally produced cannabis products full of plant terpenes and flavors. Cannabis Global CEO Arman Tabatabaei is quoted saying, “The market for Fresh Frozen cannabis is snowballing. Thus, we believe it is the place to be for the 2022 cultivation season. We plan to process a large portion of the 25,000 pounds of ultra-premium cannabis at our Lynwood, California, laboratory, creating premium solventless extracts for sale into the market and for use in our own manufactured products, thus creating vertical integration to reduce our costs of goods sold.”
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 (OTC: SGMD), an emerging leader in the licensed cannabis sector, recently announced the first transaction under its contract with Cannabis Global Inc. (OTC: CBGL). “The transaction calls for Sugarmade to produce an estimated 25,000 pounds of Fresh Frozen cannabis, which Cannabis Global will use in its product lines and will distribute to the California marketplace. Sugarmade and Cannabis Global have signed a prebooked, fixed-price contract in the amount of $700,000…” a recent article reads. This comes as a growing number of cannabis consumers are choosing Fresh Frozen cannabis, which is flash frozen immediately after harvest instead of undergoing the traditional treatment of drying and curing, as they seek naturally produced cannabis products full of plant terpenes and flavors. Cannabis Global CEO Arman Tabatabaei is quoted saying, “The market for Fresh Frozen cannabis is snowballing. Thus, we believe it is the place to be for the 2022 cultivation season. We plan to process a large portion of the 25,000 pounds of ultra-premium cannabis at our Lynwood, California, laboratory, creating premium solventless extracts for sale into the market and for use in our own manufactured products, thus creating vertical integration to reduce our costs of goods sold.”
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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