Sugarmade (OTCQB: SGMD) aims to provide next-generation equipment and techniques to companies that process and extract from industrial hemp for the highly anticipated peak crop in 2019. An article discussing the company reads, “SGMD’s new initiative includes making available to its customers new technology such as water-based sonification extraction, microwaves and other techniques. These machines could reduce the cost of extraction and help cultivators increase output without significant increases in cost. SGMD is not in the hemp cultivation business itself, but it has a business model centered on supporting cultivators. . . . The combination of rising demand and the passage of the 2018 Farm Bill, which provides legal relief for hemp cultivators, is driving what is expected to be a record 2019 crop of industrial hemp. SGMD’s initiative is expected to increase the company’s revenue base as it introduces new-generation machinery and proprietary technologies for hemp extraction (http://cnw.fm/2agXP). Some of the new offerings, which are more efficient and reduce the cost to cultivators seeking to meet the high demand, come from Southern China.”
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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
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