NEW YORK, Aug. 26, 2019 (GLOBE NEWSWIRE) -- via CannabisNewsAudio – Sugarmade Inc. (OTC:SGMD) announces the availability of an audio press release titled, “Hemp Industry Benefiting From U.S.-Chinese Trade War,” produced by NetworkNewsWire (“NNW”).
To hear the CannabisNewsAudio version, visit: http://cnw.fm/nAbW2
To read the full editorial, visit: http://cnw.fm/0DwFn
The numbers are in from the U.S. Department of Agricultural on the number of acres of hemp planted this year. At 128,320 acres, those numbers are up from only 27,424 acres last year, with even more growth expected next year. With such growth, it is no wonder that both supply and cultivation companies are realigning their businesses to take advantage of the huge market growth.
Savvy companies in the sector, including brand-development company Sugarmade Inc. (OTC:SGMD), are seeing the window of opportunity and are positioning themselves to make the most of their areas of expertise. For Sugarmade, that area is hydroponic systems, which give cannabis cultivators greater control over how their plants are grown.
About Sugarmade Inc.
Sugarmade Inc. is a product and brand marketing company investing in products and brands with disruptive potential. For more information, visit the company’s website at www.Sugarmade.com.
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Forward-Looking Statements
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.
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