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CannabisNewsBreaks – Sugarmade Inc. (SGMD) Plans Expansion to Meet Rising Need Amid Kentucky Hemp Boom

Company: Sugarmade Inc. (SGMD)
Category: Stock Spotlights

A major supplier to the growing hydroponic cultivation sector, Sugarmade (OTCQB: SGMD) is planning a significant expansion of its hemp-cultivation product supplies to assist hemp farmers in Kentucky who are struggling to meet the rising demand for their crop. A recent article discussing the legislation reads, “Jimmy Chan, CEO of SGMD, noted in a news release his belief that hundreds of millions of hemp clones will be needed in that state to keep pace (http://cnw.fm/EU8j1). . . . According to Chan, the hemp industry will require plant clones for cultivation to meet future demand. He cited farmers in Kentucky facing the challenge of a hemp boom, stating, ‘With at least 42,000 acres of hemp expected to be planted in Kentucky and considering an average plant density per acre of well over 1,000, farmers in Kentucky will need hundreds of millions of clones over the coming years.’”

To view the full article, visit http://cnw.fm/ieP7s

About Sugarmade Inc.

Sugarmade Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade’s brands include Zenhydro.comAthenaUnited.comCarryOutSupplies.com and BudLife Cannabis Storage Solutions. For more information, visit the company’s website at www.Sugarmade.com.

NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://cnw.fm/SUGAR

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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