New York, New York--(Newsfile Corp. - October 29, 2018) - CannabisNewsAudio announces the Audio Press Release (APR) titled "Flow
of Finance Funds Acquisitions and Investment Across the Cannabis Sector," featuring Sugarmade, Inc. (OTCQB: SGMD).
To hear the CannabisNewsAudio version, visit: http://cnw.fm/v3zV7
To read the full editorial, visit: http://ccw.fm/M5vyc
Earlier this year, Sugarmade announced that it was moving to acquire two other
suppliers of cultivation equipment. Now details of those deals are emerging, with the signing of a binding Letter of Intent ("LOI") to acquire Sky Unlimited, LLC. This could allow Sugarmade to expand
its distribution channels, thanks to the different models followed by the two companies. While Sugarmade's sales to the cannabis
sector primarily come through online buyers, Sky Unlimited specializes in selling to wholesalers and large commercial
cultivators. Combining the two may create manufacturing, logistical, and marketing efficiencies across an expanded customer
base.
"The trend in cannabis cultivation is toward the larger commercial cultivation operations, and Sky Unlimited is in the thick
of that dynamic marketplace," said Jimmy Chan, CEO of Sugarmade. "This year, Sky Unlimited and its associated operations are
expected to produce in excess of $40 million in revenues with profitability and positive cash flow. This new revenue stream
combined with our recently upwardly guided revenue forecast of $30 million for next year will make Sugarmade one of the largest
publicly traded suppliers to the booming cannabis cultivation marketplace, with a combined revenue forecast for next year in
excess of $70 million."
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://wwwCannabisNewsWire.com
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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
