CITY OF INDUSTRY, California, August 9, 2017 /PRNewswire/
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Sugarmade, Inc. (OTCQB: SGMD), today announces it has begun deliveries of products under its $3 million hydroponic products supply agreement that was signed in June. Management believes the growing
number of regional cannabis shortages, which are prompting growers to increase planting, is causing the increase in demand and
sales in Sugarmade's products.
As a result of these deliveries, which are expected to continue for at least the next three quarters, other new orders, and
the launch of the new business to business website, http://www.CaliGrownSupplies.com, the Company is fulfilling its commitment to expand its business operations into
the very fast growing hydroponic and growing supplies marketplace.
Management believes the regional cannabis shortages are prompting growers to increase planting, which is driving additional
demand for the linen grow pots Sugarmade is now supplying to the marketplace. The Company has recently received new
shipments of the grow pots nearly all of which have been shipped into the supply chain. Additional deliveries are expected
over the coming weeks with more orders already going into the factory.
Mr. Jimmy Chan, CEO, commented, "The deliveries are significant events for Sugarmade as these
demonstrate our ability to leverage our longstanding manufacturing experience into new business opportunities in the booming
hydroponic supply space. Our sales staff is seeing many additional growth opportunities, which we are pursuing. We
also see many additional revenue opportunities relative to our upcoming BudLife product, which will be the first container system
expected to maintain the integrity of cannabis for up to six months. We encourage our investors to access our White Paper
on the subject, a link to which is provided below."
The White Paper, titled, "Cannabis Storage - The Active Packaging Market Opportunity and Technical Requirements" can be
accesses at http://bit.ly/2sQnqw1. Additional information can be seen at
the new website at http://www.BudLife.net.
About Sugarmade, Inc. (OTC QB : SGMD)
Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential.
Sugarmade's brands include CaliGrownSupplies.com, CarryOutSupplies.com, FreeHand â
ThumbTray â and Sriracha Seasoning Stix, a revolutionary culinary seasoning product
under official license from Irwindale, California- based Huy Fong Foods, Inc., the maker of
Sriracha Hot Chili Sauce. For more information on the Company's products, please visit http://www.Sugarmade.com .
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe
harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included
in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from
time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future
operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use
of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy,"
"future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion
of future operating or financial performance. Examples of forward looking statements include, among others, statements
relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial
performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors
that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the
forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited
to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of
competition and other factors that could cause actual results to differ materially from those projected or represented in the
forward looking statements.
Any forward-looking information provided in this release should be considered with these factors in mind. We assume no
obligation to update any forward-looking statements contained in this report.
For inquiries please contact Jimmy Chan at (888) 982-1628 or info@Sugarmade.com
SOURCE Sugarmade, Inc.