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CannabisNewsBreaks – Sugarmade Inc. (SGMD) Primed for Profit as Industrial Hemp Sector Rapidly Expands

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

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://cnw.fm/73cWt). 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://cnw.fm/aO5ab). Hemp seeds feature approximately 35% oil, which is a much-needed resource for the production of various popular products.”

To view the full article, visit http://cnw.fm/b5Dt8

About Sugarmade Inc.

Sugarmade is a product and brand marketing company investing in products and brands with disruptive potential. 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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