Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today announced its entry into the hemp extraction and laboratory equipment marketplace, one of the fastest-growing areas of the overall hemp industry. In addition, the company announced that it has begun shipments of equipment to be installed in one of the largest planned facilities in the eastern portion of the United States. “We are very pleased to announce we have accepted the initial components from the manufacturer and these components are now in shipping containers en route to Western Kentucky to be installed at what will likely be one of the largest extraction facilities in the eastern part of the United States,” SGMD CEO Jimmy Chan said in the news release. “We will begin booking this revenue upon delivery and installation, which is expected to begin in January.”
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About Sugarmade, Inc.
Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator, operates Zenhydro.com, a leading supplier to the Online Hydroponic Market and Carryoutsupplies.com, a leader provider to the quick service restaurant industry. For more information, visit the company’s website at www.Sugarmade.com.
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