Hemp and CBD
21, 2018 --
InvestorsHub NewsWire -- Sugarmade,
Inc. (SGMD), one
largest publicly traded hydroponics supply
booming hemp market.
is committing up to $1,0000,000 in capital
over the next twelve months to invest in Hempistry,
Inc. a privately held
corporation, which has begun planting an ultra-high cannabidiol
(CBD) industrial hemp strain in the U.S. State of
Kentucky. Additionally, Sugarmade expects to sign an agreement
cultivation supplies. Hempistry
already begun planting and has signed an agreement reserving up to
Kentucky farmland for its exclusive use
for hemp cultivation. Additionally,
Jimmy Chan, announces he has become an advisor to
shareholder in Hempistry,
According the Hemp
Business Journal, the U.S. Hemp industry produced at least $820
million in revenues during 2017, with growth to over $1
2018, and an expected 14%
compound annual growth rate
2022. Much of the recent growth has come from the
for hemp-derived CBD for use in health and wellness products. The
strain of industrial hemp being grown by Hempistry
ultra-rich in CDB, but contains
less than 0.3% of
THC, the psychoactive
ingredient found in marijuana.
already begun planting and thus far
has 100 acres of this
high CDB strain
cultivation. In total, Hempistry
the market for high-CBD
hemp is expected to be highly accretive
for common shareholders in two
in the form of common shares
shareholders to possibly
from any future
public offering of Hempistry.
Sugarmade is expected to sign a supply agreement with
cultivation supplies, which
would be additive
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
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
thus we are today launching our first
in a series of
activities within the hemp markets. We plan to provide
additional details relative to
these hemp initiatives over
the coming weeks."
Jimmy Chan has also
become an advisor and shareholder of Hempistry.
Mr, Chan's role within
relate to capital formation and consultation
relating to the marketing of the biomass to processors and
manufacturers. Mr. Chan is minority shareholder in
About Sugarmade, Inc.
Sugarmade, Inc. is a
product and brand marketing company investing in products and
brands with disruptive potential. Sugarmade's
include ZenHydro.com, CarryOutSupplies.com, and
Storage Solutions. For more information
on the Company's products, please visit http://www.Sugarmade.com.
For inquiries please
contact Jimmy Chan at (888) 982-1628 or info@Sugarmade.com.
in the press release is an offering for any investment.
not an offer to sell or a solicitation of any offer to buy any
securities. Offers are made only by prospectus or other offering
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"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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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
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among others such as, but not limited to economic conditions,
changes in the laws or regulations, demand for products and
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factors that could cause actual results to differ materially from
those projected or represented in the forward
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these factors in mind. We assume no obligation to update any
forward-looking statements contained in this report.