- 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
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
Editor@NetworkNewsWire.com