- SGMD is ideally positioned as American farmers seek refuge from the low prices and reduced sales created by the ongoing U.S.-China trade war
- A recent USDA survey reported an almost 400 percent increase in hemp acreage in 2019
- The hemp industry generated more than $1 billion in revenues in 2018, and it is projected to grow to $1.9 billion by 2022
Sugarmade Inc. (OTCQB: SGMD), a supplier of hydroponic and cultivation equipment to growers in the booming industrial hemp sector, is well-positioned to fulfill the needs of farmers who are choosing to cultivate hemp. A thriving hemp market offers farmers higher prices and greater sales, as well as an attractive way to offset the impact of the U.S.-China tariff trade war, and an increase in hemp farming has created a need for hydroponic equipment from companies like Sugarmade (http://nnw.fm/58Ouv).
In the wake of the trade war between the United States and China, hemp has become a refuge for American farmers suffering from the resulting lower prices and sinking sales, as detailed in a recent CannabisNewsWire article (http://nnw.fm/Zm8Lx). The uncertain trade relationship between the two countries has created an especially strong market for companies such as Sugarmade that are suppliers of equipment to hemp cultivators. This is...
NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://nnw.fm/SUGAR
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