PALM BEACH, Florida, December 8, 2016 /PRNewswire/ --
As the market for cannabis in the United States continues to develop, companies continue to
create innovative product solutions and acquire considerable contracts to boost revenue levels. Cannabis and legal
marijuana companies in focus today include: Sugarmade, Inc. (OTC: SGMD), GreenGro Technologies, Inc. (OTC: GRNH), Agritek
Holdings, Inc. (OTC: AGTK), Kaya Holdings, Inc. (OTC: KAYS) and Surna Inc. (OTC: SRNA)..
Sugarmade, Inc. (OTC: SGMD) today announces an important boost to its revenue outlook via the closing of international
paper contracts from Bao Coc International Paper and Plastics Limited, located in Vietnam. Sugarmade will assume contracts
for international paper products bound for delivery into the U.S., which will boost revenue production by approximately
$500,000 to $600,000 annually and will provide important cost of goods reductions relating to
other products offered by Sugarmade. The Company will issue Bao Coc five million restricted
shares in exchange for assumption of the contracts. Read this and more news for SGMD at http://marketnewsupdates.com/news/sgmd.html
"These contracts represent an important strategic opportunity not only relating to the revenue boost we will receive, but also
relating to cost reductions across our product lines. Because Bao Coc ships dozens of cargo containers into the U.S. each
year, we will be able to combine transpacific shipping contracts, which will reduce freight charges relating to our other
products, commented, Jimmy Chan, CEO. "This is especially important relative to
our new CannaShroud cannabis transport system, the
components of which are manufactured in Asia. The significant reductions in freight
charges will allow Sugarmade to be even more competitive in the marketplace and will allow us to further boost our already
expanding gross margins."
In other legal marijuana market performances of note:
GreenGro Technologies, Inc. (OTC: GRNH) closed up over 8% on Wednesday at $0.07 trading
over 7.3 Million shares by the market close. Greengro Technologie is a world class provider of eco-friendly green
technologies with specific domain expertise in indoor and outdoor agricultural science systems serving both the consumer and
commercial farming markets. It brings together community and commerce through the growth and distribution of healthy, nutritious
foods and vital medicines backed by science and technology.
Agritek Holdings, Inc. (OTC: AGTK) closed up over 5% on Wednesday at $0.04 trading over
3.5 Million shares by the market close. Agritek Holdings, Inc., a pioneer within the medicinal marijuana space, provides
innovative technology and agricultural solutions and seeks to be the leader in Compassionate Care Technology for the recreational
cannabis industry.
Kaya Holdings, Inc. (OTCQB: KAYS) closed up over 39% on Wednesday at $0.19 trading over
2.7 Million shares by the market close. Kaya Holdings recently reported 700% Year Over Year Revenue Increase in Q10 Filing
for its third quarterly report for 2016.
Surna Inc. (OTCQB: SRNA) closed up over 4% on Wednesday at $0.15 trading over 900,000
shares by the market close. Surna Inc. develops innovative technologies and products that monitor, control and or address
the energy and resource intensive nature of indoor cannabis cultivation.
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