Sugarmade Signs Exclusive West Coast distribution for Patented
Breakthrough Intelligent Cannabis Active Packaging (iCAP)
Storage Technology
City of Industry, Calif., June 15, 2017 - Sugarmade, Inc.
(OTCQB:SGMD),
today announces the signing of an exclusive distribution agreement
with privately held Plantation Corp. for its breakthrough
preservation technology based on radical integration of specialized
gases and natural agents, that dramatically extends the useful life
of medical marijuana up to six (6) months by actively monitoring
the internal containers environment and automatically adjusting its
atmosphere as needed; all without the need for refrigeration.
Under the terms of the agreement, Sugarmade gains exclusive
distribution to the largest U.S. markets, California, Oregon and
Washington markets through 2018, including the very important
hydroponic retail distribution network, with automatic renewals
based on success milestones. Plantation and Sugarmade expect to
begin distribution of the products later this year.
The storage containers will be protected via a strong patent
portfolio, which protects the use of a modified atmosphere
container for storing cannabis. As such the cannabis container
system being developed will be unique, and cannot be copied or
replicated by a competitor.
Jimmy Chan, CEO of Sugarmade, commented, This is a critical
capability in the case of cannabis since unlike fruits and
vegetables that thrive in chilly conditions, refrigeration degrades
and undermines the efficacy of the plant medical benefits. Simply
put, the technologys innovative features extend the life of medical
marijuana, while protecting it from infestation, mold, and
pathogens to ensure product safety. This is a major event for our
Company that will further solidify our growing presence in this
booming industry.
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 Intelligent Cannabis Active
Packaging (iCAP) Storage Technology, 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.
FORWARD-LOOKING STATEMENTS: This release contains
"forward-looking statements" within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements also may be included in other
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statements made by our officers and representatives from time to
time. These forward-looking statements are intended to provide
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and financial performance, based on assumptions currently believed
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similar meaning in connection with a discussion of future operating
or financial performance. Examples of forward looking statements
include, among others, statements relating to future sales,
earnings, cash flows, results of operations, uses of cash and other
measures of financial performance.
Because forward-looking statements relate to the future, they
are subject to inherent risks, uncertainties and other factors that
may cause the Company's actual results and financial condition to
differ materially from those expressed or implied in the
forward-looking statements. Such risks, uncertainties and other
factors include, among others such as, but not limited to economic
conditions, changes in the laws or regulations, demand for products
and services of the company, the effects of competition and other
factors that could cause actual results to differ materially from
those projected or represented in the forward looking
statements.
Any forward-looking information provided in this release should
be considered with these factors in mind. We assume no obligation
to update any forward-looking statements contained in this
report.
For inquiries please contact Jimmy Chan at (888) 982-1628 or
info@Sugarmade.com