|From: NetworkNewsWire (Rep: 0)||Date: 11/06/2018 16:07|
|Forum: Penny Stocks - Msg #2354 - List SGMD msgs ||Thread #674046260 (Rec: 0) |
|NetworkNewsBreaks – Sugarmade, Inc. (SGMD) to Reap the Rewards of Explosive Growth in the CBD Market|
Hydroponics supply company Sugarmade (OTCQB: SGMD) is expanding in the rapidly growing cannabis industry through acquisitions, including a direct investment in hemp production. A recent article discussing the company reads, “Sugarmade is also positioned to benefit through a more direct investment in the cultivation of hemp for production of cannabidiol, or CBD, a compound with therapeutic benefits. Sugarmade recently committed a million-dollar investment in Hempistry, Inc., which is cultivating an ultra-high-CBD strain of hemp on 23,000 acres in Kentucky. The Hemp Business Journal has forecast that the U.S. market for hemp products will reach $1.9 billion by 2022, with $646 million of that coming from CDB.”
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