CORAL SPRINGS, Florida, October 19, 2016 /PRNewswire/ --
The launch of various new products within the food sector has driven the consumer goods industry upward companies look to
boost sales the remaining part of this year counting on earnings and profitability to climb. News and calendar events of
note in the markets are watching Packaging Corporation of America (NYSE: PKG) , Sugarmade, Inc. (OTC: SGMD), Graphic Packaging
Holding Company (NYSE: GPK), Archer Daniels Midland Company (NYSE: ADM) and Crown Holdings Inc. (NYSE: CCK)
Sugarmade, Inc. (OTC: SGMD) - Fiscal 2016 Results - Revenues Grow to $4.35 Million
from $2.9 Million - Prepares to Rollout Out Sriracha Seasoning Stix. Sugarmade announced
this week results for the 2016 fiscal year of $4.35 million in revenue versus $2.9 million for the previous fiscal year. Gross margins for the 2016 fiscal year were 35%, up from 30%
during the previous year. During Fiscal 2015, the Company began an aggressive restructuring program that included a significant
acquisition, alignments of staffing positions, streamlining of the product offers and the entrance into new product areas. With
this restructuring complete, the Company is planning a series of new product introductions designed to continue to grow its
revenue base.
Read this and more news for Sugarmade (SGMD) at: http://financialnewsmedia.com/profiles/sgmd.html
Sugarmade today also announces its Meat, Meet Heat branding campaign for the upcoming Sriracha Seasoning Stix product launch
under its licensing agreement with Irwindale, California-based Huy Fong Foods, Inc., the maker
of Sriracha Hot Chili Sauce. The Company plans a November launch, which will include nationwide advertising and online
marketing campaigns. Sriracha lovers of all kinds can receive free, no obligation, samples of Sriracha Seasoning Stix at the
Company's website at http://www.SrirachStix.com . Sriracha Seasoning
Stixs are encapsulated Huy Fong Sriracha Sauce and other seasonings in the form of a "stick" which are inserted into meat, fish
and poultry prior to cooking. Sriracha Seasoning Stixs are a hard solid at room temperature, but as heat is applied
the sticks begin to liquefy allowing the meat fibers to act like a sponge absorbing all the delicious Sriracha flavors.
In other calendar events and happenings in the around the markets include:
Packaging Corporation of America (NYSE: PKG) recently announced that it has entered into a definitive agreement to
acquire substantially all of the assets of Columbus Container, Inc., an independent corrugated products producer, in a cash-free,
debt-free transaction for a cash purchase price of $100 million. Under the terms of the agreement,
PCA will acquire a full-line corrugated products facility located in Columbus, Indiana, five
warehousing facilities and other related operations located in Indiana and Illinois. The transaction is structured as a purchase of assets resulting in a full step-up of the assets to
fair market value.
Graphic Packaging Holding Company (NYSE: GPK) will release results for third quarter 2016 on Tuesday, October 25th before the market opens. The same morning, the Company will host a conference call
at 10:00 a.m. eastern time to discuss third quarter results. To access the conference call,
please go to the Investor Relations section of the Graphic Packaging website: http://www.graphicpkg.com and click on the audio webcast link. For those who need to call in from within
North America, dial 800-392-9489 at least 10 minutes prior to the start of the
conference call (Conference ID #61299822). Replays of the call will be available for one week following the completion of
the call and can be accessed by dialing 855-859-2056.
Archer Daniels Midland Company (NYSE: ADM) also will release financial results for the third quarter of 2016
before the market opens on Tuesday, Nov. 1, 2016. The company will host a webcast at 8 a.m. Central Time to discuss financial results and provide a company update. A slide presentation will be
available for download approximately 60 minutes prior to the webcast.
Crown Holdings Inc . (NYSE: CCK) closed up on Tuesday at $55.98 on over 1.93 Million
shares traded by the market close. Crown Holdings Inc. designs, manufactures, and sells packaging products for consumer
goods in the Americas, Europe, and the Asia Pacific
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