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CannabisNewsAudio Announces Audio Press Release (APR) on Sugarmade, Inc. Benefiting from Positive Attitude Toward Hemp
NEW YORK, Dec. 07, 2018 (GLOBE NEWSWIRE) -- via
CannabisNewsWire – CannabisNewsAudio announces the Audio
Press Release (APR) titled “Hemp Industry Sees Profitable
Harvest as Farm Bill Approaches Finale,” featuring Sugarmade, Inc. (OTCQB:
To hear the CannabisNewsAudio version, visit: http://cnw.fm/S2jfk
To read the full editorial, visit: http://cnw.fm/f5fdN
Sugarmade is among the companies benefiting from
Kentucky’s positive attitude towards hemp. The business
has invested $1 million in Kentucky hemp company
Hempistry to support its high-grade hemp operation
for the U.S. market. Harvest of this year’s crop has
recently started, following a test harvest of samples by
the Kentucky Department of Agriculture (KDA), and the
company is inviting interested parties to place bids on
the crop. With demand for hemp rising, Hempistry’s
legally grown, CBD-rich crop is likely to be in high
Companies that have made strong investments in hemp cultivation, such as Sugarmade, will gain considerably from hemp’s ascendancy, to the benefit of managers and common share investors. Jimmy Chan, CEO of Sugarmade, commented, “Demand for industrial hemp and products derived from hemp is soaring with no let up in sight. We expect our direct investment into Hempistry to be accretive to common shareholders, and our supply agreement to be lucrative. All of us at Sugarmade see a tremendous opportunity to become a supplier to this fast-growing sector.”
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.com, CarryOutSupplies.com, and BudLife Cannabis Storage Solutions. For more information on the company’s products, please visit www.Sugarmade.com.
About CannabisNewsWire (CNW)
CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition and content to the cannabis industry.
For more information please visit https://www.CannabisNewsWire.com
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
CNW Corporate Communications Contact:
GlobeNewswire, a Nasdaq company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.