- SGMD CEO says that the company is planning to “significantly expand” its operations to provide supplies for growers of hemp
- Jimmy Chan, CEO, estimates that hemp farmers in Kentucky will ultimately require “hundreds of millions” of hemp plant clones
- SGMD, focused on supplying hydroponic and cultivation products, has started to make deliveries of micropropagation supplies to farmers
Sugarmade Inc. (OTCQB: SGMD), focused on hydroponic and hemp growing supplies, plans to significantly expand its supplies of hemp-cultivation products, specifically to farmers in Kentucky who are hard-pressed to meet booming demand. Jimmy Chan, CEO of SGMD, noted in a news release his belief that hundreds of millions of hemp clones will be needed in that state to keep pace (http://nnw.fm/9CdgW).
According to Chan, the hemp industry will require plant clones for cultivation to meet future demand. He cited farmers in Kentucky facing the challenge of a…
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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