- As the acreage of cultivated hemp spikes this year, shortages in cultivation supplies are accelerating
- Companies across the hemp cultivation supply chain are feeling the pinch; while most supply provider are privately-held, publicly traded Sugarmade Inc. stands to benefit via recently announced acquisitions
- In addition, Sugarmade offers various other brands that add value to additional areas of the hydroponic cultivation arena; as a result, SGMD is poised to become one of the largest publicly traded suppliers
While behemoths such as Tilray (NASDAQ: TLRY), with it pending acquisition of hemp food company Manatoba Harvest; Aurora Cannabis (NYSE: ACB), with its plans to cultivate hemp in New York; and Canopy Growth (NYSE: CGC), via its new partnership with Martha Stewart, continue to grab the main hemp-related headlines across North America, there is another set of industry events that perhaps most investor are failing to notice.
The 2018 hemp cultivation season was significant, with tens of thousands of acres planted, but it is likely to pale in comparison to the acres being planned by the farming and investment communities for 2019. The hemp acreage forecast for 2019 is staggering. Wisconsin recently received more than 2,100 applications to grow or…
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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