Sugarmade (OTC: SGMD), one of the largest publicly traded cannabis-related hydroponics supply companies, recently reiterated its $30 million revenue guidance for the fiscal year ending 2019. The guidance is supported as the company remains on a robust growth trajectory to reach at least $30 million, which will represent an increase in annual growth of over 500%. Fast expansion in the cannabis cultivation sector has been credited as the key contributor to Sugarmade’s aggressive growth rate. In addition, the company also recently concluded its culinary business line to concentrate on rapid growth market opportunities in cultivation. “We believe our growth-induced reporting challenges are now over, allowing this management team to demonstrate to our investors the aggressive growth we already are realizing and expect to report over the near term,” Sugarmade CEO Jimmy Chan stated in the news release.
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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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