Sugarmade Places on Hold Reverse Split – Plans to Enter Regulated Cannabis Market as Industry Turmoil Creates Opportunities
New York, NY – January 22, 2020 – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), today announces the Company has placed a hold on plans to complete a reverse split of its common shares. Pending a vote by its board of directors, management believes temporarily holding the reverse split or canceling the reverse split […]
Sugarmade Closes BZRTH Acquisition Creating Dominant Entity in $24B Global Hydroponics Market
New York, NY – October 31, 2019 – Sugarmade, Inc. (OTCQB:SGMD) (“Sugarmade”, “SGMD”, or the “Company”), a major supplier to the hydroponic cultivation and hemp sectors, is excited to announce the closing of the Company’s acquisition of BZRTH, LLC (“BZRTH”), a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. The Company expects the […]
Sugarmade and Hempistry Commence Hemp Cultivation in Kentucky
Monrovia, CA – August 1, 2019 – Sugarmade, Inc. (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation and hemp sectors, today announces commencement of hemp cultivation in conjunction with Hempistry, Inc., of Madisonville, Kentucky. Sugarmade recently announced is had begun to exercise its investment option in the Kentucky hemp cultivator. The hemp being cultivated […]
Sugarmade to Enter Market for Hemp Extraction Technologies and Equipment
Monrovia, CA – June 12, 2019 – Sugarmade, Inc. (OTCQB:SGMD), a leading provider of hydroponic and other supplies to the agricultural and hemp sectors, today announces a new business initiative, which is expected the expand the Company’ revenue base. Over the coming weeks, the Company will be entering the market for hemp extraction equipment and […]
Sugarmade Begins Development of Artificial Intelligence Based Hemp Cultivation Monitoring Systems
Monrovia, CA – May 14, 2019 – Sugarmade, Inc. (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, today announces a new corporate initiative to develop cultivation monitoring systems for hemp and other agricultural commodities. The Artificial Intelligence (AI) driven devices will be placed at various locations within hemp fields to gather vital information […]
Sugarmade to Exercise Option to Acquire BZRTH, LLC Further Expanding its Presence in Cannabis Supplies Sector
MONROVIA, California, February 6, 2019 – Sugarmade, Inc. (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, today announces its exercise of an option to acquire BZRTH, LLC. Under the terms of the exercise and upon closing, all BZRTH revenues will be reported through Sugarmade significantly further boosting Sugarmade’s revenue base. The acquisition […]
Sugarmade to Acquire Hydroponic Retailer Hydro4Less Flagship Location Adding to Streak of Planned Acquisitions
MONROVIA, Calif., January 23, 2019 — Sugarmade, Inc. (OTCQB:SGMD), a major supplier to the growing hydroponic cultivation sector, today announces its intent to acquire a retail location of Washington State-based Hydro4Less. The operation is expected to produce approximately $5 million in revenues and to be profitable during calendar 2019. Additionally, via the pending transaction, Sugarmade […]
Sugarmade Eyes Strong Revenue Growth Resulting From Hemp Provisions of U.S. Farm Bill
MONROVIA, California, December 20, 2018 /PRNewswire/ — Sugarmade, Inc. (OTC:SGMD) believes the passage of the U.S. Farm Bill, which includes specific hemp cultivation and legalization provisions creates additional revenue and investment opportunities for the Company as farmers across the country announce plans to begin or expand the cultivation of hemp. Sugarmade provides multiple products for the cultivators […]
California Cannabis Market Offers Growth for Cultivation Suppliers as Authorities Tackle Licensing Backlog
CannabisNewsWire Editorial Coverage Denver CO – December 18, 2018 – Growth in the Californian cannabis industry, currently restricted by licensing delays, is expected to accelerate over the coming months, bringing profits for suppliers of cultivation equipment. California is one of the largest recreational cannabis markets in the world. Recent delays in issuing cannabis […]
Sugarmade Eyes Rapid Growth as California Expected to Begin Mass “Green Lighting” of Annual Cannabis Cultivation Applications
MONROVIA, California, December 6, 2018 – Sugarmade, Inc. (OTC:SGMD) today makes comments on its expected revenue growth in hydroponic related supplies considering the rapidly changing California cannabis cultivation licensing situation. As a result of the expected mass “Green Lighting” of annual cultivation permits, Sugarmade is expecting accelerating revenue growth as large cultivation operations begin purchasing cultivation […]
