NEW YORK, Oct. 18, 2018 (GLOBE NEWSWIRE) -- via CannabisNewsWire – CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company, today announces
the publication of an editorial featuring Sugarmade, Inc. (OTC: SGMD), a client of CNW focused on investing in products and brands
with disruptive potential.
To view the full publication, titled “Hemp and CBD Set to Eclipse the THC Marijuana Market,” visit: http://cnw.fm/wS6Qq
Clearly, The legalization of hemp and CBD on the federal level will only benefit companies such as Sugarmade. Previously, access
to financial and support services could be difficult for companies working in the cannabis sector. Marijuana retailers had to
resort to cash payments or newly developed electronic systems because banks feared doing business with companies defying federal
law. Making hemp legal will allow a wide variety of support systems to evolve.
Sugarmade’s success comes through expansion in hydroponics, the company’s entry into the cannabis space. Hydroponic equipment is
key to cultivating cannabis and, as a result, hydroponic companies have seen substantial growth over the past few years. Sugarmade
is building upon its existing growth by acquiring two other hydroponics companies, a move that turned the company into one of the
leading players in hydroponics. This move is also expected to raise Sugarmade’s revenues next year from $30 million to $75 million
as the market for hemp and its support services grows.
About Sugarmade, Inc.
Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade’s
brands include ZenHydro.com, CarryOutSupplies.com, and BudLife Cannabis Storage Solutions. For more information on the
company’s products, please visit www.Sugarmade.com.
About CannabisNewsWire (CNW)
CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press
releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate
communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can
help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our
ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition
and content to the cannabis industry.
For more information please visit https://www.CannabisNewsWire.com
Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever
published or re-published: http://CNW.fm/Disclaimer
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and
Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned
not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof.
In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this
release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to
differ materially from those indicated in the forward-looking statements.
CNW Corporate Communications Contact:
CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.net
