Sugarmade Benefiting From Regional
Cannabis Shortages - Begins Deliveries on $3MM Hydroponic Supplies
Contract
City of Industry, CA -- August 9, 2017 -- InvestorsHub NewsWire
-- Sugarmade, Inc. (OTCQB:SGMD), today announces it
has begun deliveries of products under its $3 million hydroponic
products supply agreement that was signed in June. Management
believes the growing number of regional cannabis shortages, which
are prompting growers to increase planting, is causing the increase
in demand and sales in Sugarmades products.
As a result of these deliveries, which are expected to continue
for at least the next three quarters, other new orders, and the
launch of the new business to business website, www.CaliGrownSupplies.com, the Company is fulfilling
its commitment to expand its business operations into the very fast
growing hydroponic and growing supplies marketplace.
Management believes the regional cannabis shortages are
prompting growers to increase planting, which is driving additional
demand for the linen grow pots Sugarmade is now supplying to the
marketplace. The Company has recently received new shipments of the
grow pots nearly all of which have been shipped into the supply
chain. Additional deliveries are expected over the coming weeks
with more orders already going into the factory.
Mr. Jimmy Chan, CEO, commented, The deliveries are significant
events for Sugarmade as these demonstrate our ability to leverage
our longstanding manufacturing experience into new business
opportunities in the booming hydroponic supply space. Our sales
staff is seeing many additional growth opportunities, which we are
pursuing. We also see many additional revenue opportunities
relative to our upcoming BudLife product, which will be the first
container system expected to maintain the integrity of cannabis for
up to six months. We encourage our investors to access our White
Paper on the subject, a link to which is provided below.
The White Paper, titled, "Cannabis Storage - The Active
Packaging Market Opportunity and Technical Requirements" can be
accesses at http://bit.ly/2sQnqw1. Additional information
can be seen at the new website at http://www.BudLife.net.
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.
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
publicly available documents issued by the Company and in oral
statements made by our officers and representatives from time to
time. These forward-looking statements are intended to provide
management's current expectations or plans for our future operating
and financial performance, based on assumptions currently believed
to be valid. They can be identified by the use of words such
as "anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "would," "could," "will" and other words of
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.