Hydroponic supply company Sugarmade (OTC: SGMD) earlier this month reported that it will be investing an estimated $1 million in capital in Hempistry, Inc. A recent article further discussing the company’s investment reads: “One of the primary reasons that the Hempistry project is such an attractive entry point for Sugarmade is the hemp grown by the company, which contains high levels of CBD while containing low levels (less than 0.3 percent) of THC. Both are natural compounds found in cannabis, but they create vastly different effects when consumed. CBD is a non-psychoactive compound that doesn’t produce the problematic ‘high’ associated with THC. …The Sugarmade/Hempistry deal doesn’t end there. Sugarmade CEO Jimmy Chan will become an advisor to and shareholder in Hempistry, and Sugarmade has announced plans to sign an agreement with Hempistry for hemp cultivation supplies, as well.”
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About Sugarmade, Inc.
Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade’s brands include ZenHydro.com, CarryOutSupplies.com, and BudLife Cannabis Storage Solutions. For more information on the company’s products, please visit www.Sugarmade.com.
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