- 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…
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