| Previous Close | 0.0340 |
| Open | 0.0350 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's Range | 0.0320 - 0.0364 |
| 52 Week Range | 0.0300 - 0.2000 |
| Volume | 312,469 |
| Avg. Volume | 1,193,391 |
| Market Cap | 22.798M |
| Beta (3Y Monthly) | -1.10 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0310 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
This growth has created opportunities for companies such as brand expansion and acquisition firm Sugarmade Inc. (SGMD), which is making a strong play into the sector, as well as new companies focused purely on CBD. Recent research into its uses has suggested that this naturally occurring compound can be useful in a range of health and well-being roles, including managing pain and helping users to relax. Sugarmade Inc. is a product and brand marketing company investing in products and brands with disruptive potential.
NEW YORK, May 15, 2019 (GLOBE NEWSWIRE) -- via CannabisNewsWire – Sugarmade Inc. (SGMD) today announces its placement in an editorial published by CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for private and public entities in the cannabis industry. A boom in demand for cannabidiol (CBD) has created an alarming shortage, which savvy hemp companies are aggressively looking to solve. This makes hemp production a far more straightforward and reliable source of income, and will allow more farmers to benefit from a profitable cash crop.
MONROVIA, California, May 14, 2019 /PRNewswire/ -- Sugarmade, Inc. (SGMD), a major supplier to the growing hydroponic cultivation sector, today announces a new corporate initiative to develop cultivation monitoring systems for hemp and other agricultural commodities. This monitoring system will allow hemp cultivators to actively monitor conditions in real time. Sugarmade has entered into a joint venture with an engineering group to develop and commercialize the technology. "Hemp is becoming one of the world's most valuable crops. Cultivators and investors are actively seeking ways to monitor the health of the crop to ensure maximum yields. This platform, which will be based on AI software from some of the world's leading technology companies.
At the forefront of this explosive market growth, Sugarmade Inc. (SGMD) (SGMD Profile) recently inked a strategic supply contract with Hempistry Inc., a leading Kentucky-based cultivator of high CBD content hemp. With demand reaching epic proportions, the clutch of small and inefficient supply companies is ill prepared to service the requirements of the blooming hemp industry. Cognizant of the shortfall, Sugarmade is on a mission to consolidate the fragmented industry by strategically acquiring other synergistic hemp-based operations.
New York, New York--(Newsfile Corp. - April 22, 2019) - Sugarmade Inc. (OTCQB: SGMD) announces the availability of a CannabisNewsAudio broadcast titled, "Hemp Boom Spawns Lucrative Deals."To hear the CannabisNewsAudio version, visit: http://cnw.fm/0oo1LTo read the full editorial, visit: http://cnw.fm/EU8j1Hemp is booming across the country, and nowhere more so than in Kentucky, where the applications to grow hemp are expected to increase fivefold, and acreage dedicated to growing the crop is set to more ...
NEW YORK, April 18, 2019 (GLOBE NEWSWIRE) -- via CannabisNewsWire – Sugarmade Inc. (SGMD) today announces its placement in an editorial published by CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for private and public entities in the cannabis industry. The CBD boom was presaged by passage of the Farm Bill, an absolute sea change in the balance of power in global hemp markets. Historically, the United States had been an importer of hemp products, but now the U.S. market is expected to lead the global hemp industry reaching an eye-popping $22 billion in 2022.
New York, New York--(Newsfile Corp. - April 18, 2019) - Sugarmade Inc. (OTCQB: SGMD) today announces its placement in an editorial published by CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for private and public entities in the cannabis industry. To view the full publication, titled "Hemp Boom Spawns Lucrative Deals," please visit: http://cnw.fm/waqL8The CBD boom was presaged by passage of the Farm Bill, an absolute sea change in the balance of ...
DENVER , April 17, 2019 /CNW/ -- Ever since the Farm Bill was signed into law, farmers across the United States have rushed into hemp cultivation, driving demand for the supplies needed to grow the crop necessary to meet surging CBD use. Global hemp industry to reach $22 billion in 2022. Hemp is booming across the country, and nowhere more so than in Kentucky , where the applications to grow hemp are expected to increase fivefold, and acreage dedicated to growing the crop is set to more than triple this year.
MONROVIA, Calif., April 11, 2019 (GLOBE NEWSWIRE) -- via NetworkWire -- Sugarmade, Inc. (SGMD), a major supplier to the growing hydroponic cultivation sector, today announces the signing of a supply contract with Hempistry, Inc. where the Kentucky-based hemp cultivator is acquiring supplies for its hemp micropropagation operation. Sugarmade expects this supply relationship to be ongoing as Hempistry expands its operations, both domestically and internationally. Much of the hemp cultivated in North American is not grown from seed, but is rather cloned or propagated from existing hemp plants. The micropropagation process allows for a very large number of plants to be readied simultaneously and ensures the plants that end up in the hemp field are exact genetic copies of desirable mother plants, which is particularly important relative to hemp cultivation. With the boom in hemp cultivation occurring this planting season, many of the supplies required for successful micropropagation operations are in very short supply.
Sugarmade is catering to this boom through a supply agreement with Kentucky-based Hempistry Inc., which will help Hempistry achieve the nearly tenfold increase in hemp growing it has planned this year. Sugarmade is also developing strong distribution channels in California, one of the first states to change its laws and embrace the rise of hemp. California’s large population and positive attitude towards CBD and hemp makes it another prime target for expansion.
New York, New York--(Newsfile Corp. - April 5, 2019) - Sugarmade Inc. (OTCQB:SGMD) announces the availability of a CannabisNewsAudio Publication titled, "Hemp Market Drives Hydroponics Growth."To hear the CannabisNewsAudio version, visit: http://cnw.fm/YPs6lTo read the full editorial, visit: http://cnw.fm/tX89eApproximately 16,000 acres of hemp were planted in Kentucky last year, and this is expected to nearly triple to 42,000 acres in 2019. The state has already received five times more applications to grow hemp ...
NEW YORK, April 04, 2019 (GLOBE NEWSWIRE) -- via CannabisNewsWire – Sugarmade Inc. (SGMD) today announces its placement in an editorial published by CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for private and public entities in the cannabis industry. December 2018 saw the passing of the 2018 U.S. Farm Bill and with it the legalization of hemp cultivation in the United States. The move has created a whole new playing field, thrusting Sugarmade Inc. (SGMD) into the spotlight.
New York, New York--(Newsfile Corp. - April 4, 2019) - Sugarmade, Inc. (OTCQB: SGMD) today announces its placement in an editorial published by CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for private and public entities in the cannabis industry. To view the full publication, titled, "Hemp Boom Leads to Cultivation Supply Shortages," please visit: http://cnw.fm/In8IBDecember 2018 saw the passing of the 2018 U.S. Farm Bill and with it the legalization of ...
New York, New York--(Newsfile Corp. - March 27, 2019) - Sugarmade Inc. (OTCQB: SGMD) announces the availability of a CannabisNewsAudio Publication titled, "Hydroponic Supplies Play Key Role in Hemp Market Growth."To hear the CannabisNewsAudio version, visit: http://cnw.fm/45SsCTo read the full editorial, visit: http://cnw.fm/Dy6oOHydroponic equipment offers an alternative approach from growing plants in soil. Instead, the hemp harvest is grown in solutions rich with sustaining minerals, with roots either suspended directly in the liquid ...
NEW YORK, March 27, 2019 -- via CannabisNewsAudio – Sugarmade Inc. (OTCQB: SGMD) announces the availability of a CannabisNewsAudio Publication titled, “Hydroponic Supplies.
NEW YORK, March 26, 2019 (GLOBE NEWSWIRE) -- via CannabisNewsWire – Sugarmade, Inc. (SGMD) today announces its placement in an editorial published by CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for private and public entities in the cannabis industry. As with hemp production, consistency is key to the supply of hydroponic equipment. Sugarmade Inc. is a product and brand marketing company investing in products and brands with disruptive potential.
New York, New York--(Newsfile Corp. - March 26, 2019) - Sugarmade Inc. (OTCQB: SGMD) today announces its placement in an editorial published by CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for private and public entities in the cannabis industry. To view the full publication, titled, "Hydroponic Supplies Play Key Role in Hemp Market Growth," please visit: http://cnw.fm/G90XeThis has created a great opportunity for hydroponic suppliers, and some are moving to further strengthen ...
NEW YORK, March 22, 2019 (GLOBE NEWSWIRE) -- via CannabisNewsWire – Sugarmade, Inc. (SGMD) today announces its placement in an editorial published by CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for private and public entities in the cannabis industry. Like any dramatic development in the economy, this emerging sector brings with it challenges and difficulties. This young hemp cultivation supplies industry is not dominated by established corporate giants, which leaves plenty of space for relative newcomers such as Sugarmade Inc. (SGMD), via its pending acquisitions.
New York, New York--(Newsfile Corp. - March 21, 2019) - Sugarmade, Inc. (OTCQB: SGMD) today announces it is featured in a CannabisNewsAudio Press Release (APR), titled "Hemp Boom Leads to Cultivation Supply Shortages," published by CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for private and public entities in the cannabis industry. To hear the CannabisNewsAudio version, visit: http://cnw.fm/ry0U3To read the full editorial, visit: http://cnw.fm/In8IBThis young hemp cultivation supplies industry is not dominated ...
NEW YORK, March 21, 2019 -- via CannabisNewsWire – Sugarmade, Inc. (OTCQB: SGMD) today announces it is featured in a CannabisNewsAudio Press Release (APR), titled “Hemp Boom.
MONROVIA, California, Feb. 6, 2019 /PRNewswire/ -- Sugarmade, Inc. (SGMD), a major supplier to the growing hydroponic cultivation sector, today announces its exercise of an option to acquire BZRTH, LLC. Under the terms of the exercise and upon closing, all BZRTH revenues will be reported through Sugarmade significantly further boosting Sugarmade's revenue base. The acquisition is expected to be highly accretive for common shareholders. Mr. Jimmy Chan, CEO of Sugarmade commented, "BZRTH is a sister company of BizRight, LLC. During December of 2017, Sugarmade and BizRight signed a Master Marketing Agreement where BizRight's products would be sold by Sugarmade.
Sugarmade, Inc. (SGMD), a major supplier to the growing hydroponic cultivation sector, today announces its intent to acquire a retail location of Washington State-based Hydro4Less. Additionally, via the pending transaction, Sugarmade will gain an option to purchase two additional Hydro4Less retail operations, which are currently producing in excess of $20 million annually. Should all three acquisitions close, Sugarmade will increase its annual revenues by approximately $25 million per year.
New York, New York--(Newsfile Corp. - December 20, 2018) - CannabisNewsAudio announces the Audio Press Release (APR) titled "California Cannabis Market Offers Growth for Cultivation Suppliers as Authorities Tackle Licensing Backlog," featuring Sugarmade, Inc. (OTCQB: SGMD)To hear the CannabisNewsAudio version, visit: http://cnw.fm/qh0RqTo read the full editorial, visit: http://cnw.fm/d4z1VAs a large hydroponics company whose reach includes its ZenHydro brand, Sugarmade could become a leading supplier to California's cannabis industry. As companies expand to serve the ...
NEW YORK, Dec. 20, 2018 (GLOBE NEWSWIRE) -- via CannabisNewsWire – CannabisNewsAudio announces the Audio Press Release (APR) titled “California Cannabis Market Offers Growth for Cultivation Suppliers as Authorities Tackle Licensing Backlog,” featuring Sugarmade, Inc. (SGMD). The licensing agency has started issuing annual permits, and industry insiders expect this process to accelerate over the next few weeks. More licenses will mean more companies cultivating cannabis, which will mean more purchases from cultivation suppliers such as Sugarmade.
NEW YORK, Dec. 19, 2018 (GLOBE NEWSWIRE) -- via CannabisNewsWire – CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Sugarmade, Inc. (SGMD), a client of CNW investing in products and brands with disruptive potential. The investment is a bold move that comes just as hemp cultivation is on the verge of federal legalization. As a large hydroponics company whose reach includes its ZenHydro brand, Sugarmade could become a leading supplier to California’s cannabis industry.