CITY OF INDUSTRY, CA - June 07, 2017 - InvestorsHub
NewsWire - Sugarmade, Inc. (OTCQB:SGMD), today announces the
signing of supply agreement that consist accumulative of $3 million
hydroponic supplies orders, which will be delivered over the coming
12-month period. As a result of these new orders, the new business
to business website, www.CaliGrownSupplies.com, which
launched last week, and other new product introductions, the
Company is fulfilling its commitment to expand its business
operations into the very fast growing hydroponic and growing
supplies marketplace.
Mr. Jimmy Chan, CEO, commented, This represents a major
milestone for Sugarmade and a huge jumpstart into the new market
segment. Our other business divisions are already producing strong
results, so these new orders will be additive to our already
growing level of success. We are expecting calendar 2017 to be a
terrific year as we expand further into the market for hydroponic
supplies. We are able to take on this new business as a result of
our balance sheet restructuring, which is ongoing, and new working
capital that has come into the Company. This has added a
significant amount of flexibility to our business and will allow us
to further expand our operations.
Under the terms of the twelve-month agreement, Sugarmade will
manufacturer and distribute various hydroponic supplies, which will
be placed into various retail and online sales venues.
About Sugarmade, Inc. (OTCQB:SGMD)
Sugarmade, Inc. is a product and brand marketing company
investing in products and brands with disruptive potential.
Sugarmades brands include CaliGrownSupplies.com,
CarryOutSupplies.com, FreeHand ThumbTray, and Sriracha Seasoning
Stix, a revolutionary culinary seasoning product under official
license from Irwindale, California- based Huy Fong Foods, Inc., the
maker of Sriracha Hot Chili Sauce. For more information on the
Company's products, please visit www.Sugarmade.com.
For inquiries please contact Jimmy Chan at (888) 982-1628 or
info@Sugarmade.com.