- Recently completed $40 million acquisition of Sky Unlimited, LLC in an effort to diversify
- Demand for hydroponically grown plants greater than ever
- Early and healthy investment in hemp solidifies company’s position as a leader in the industry
As hydroponic and cultivation sectors are evolving from home operators to larger commercial cultivators, one company is making strides to stay ahead of the industry curve. Sugarmade, Inc. (OTCQB: SGMD), a leading publicly traded hydroponics and restaurant supply company, recently acquired Sky Unlimited, LLC in a move aimed at staying abreast of market trends, diversifying its brands and broadening its global reach. Sugarmade, with its move into the industrial hemp space, anticipates increased benefits for its shareholders from this acquisition and recently increased its revenue guidance for calendar year 2019 from $30 million to $70 million (http://nnw.fm/1xIdB).
As marijuana legalization spreads throughout the United States and across the world, the demand for hydroponic cultivation has never been higher. Sugarmade, one of the largest publicly traded hydroponic supply companies, has been investing in the…
More from NetworkNewsWire
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive instant SMS alerts, text STOCKS to 77948
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]