New York, New York--(Newsfile Corp. - November 16, 2018) - CannabisNewsAudio announces the Audio Press Release (APR) titled
"Hydroponics Increasingly Key as Booming Cannabis Sector Goes to Next Level," featuring Sugarmade, Inc. (OTCQB: SGMD)
To hear the CannabisNewsAudio version, visit: http://cnw.fm/3Jx0W
To read the full editorial, visit: http://cnw.fm/f4D9S
These are significant advantages for SGMD as the company pursues its binding definitive agreement to acquire Nevada-based Sky
Unlimited, LLC, which has developed a solid reputation throughout the full spectrum of cultivation markets. Its robust AthenaUnited.com website lists everything from advanced lighting systems such as
Hortilux lamps and ballasts to complete hydroponics kits such as the AeroFlo 60 aeroponic system from General Hydroponics, which
super-oxygenates the nutrient solution. The AeroFlo line is a great example of a brand that growers, academics and researchers
alike have praised for delivering consistently hearty growth rates and yields. Consumers from various cultivation industries have
come to trust that they can find the best environmental control systems and cutting-edge nutrients, as well as plant care and
more general gardening supplies on the site.
Sugarmade will retain all employees and completely assume all operations and liabilities via the acquisition. The company
anticipates that the Sky Unlimited deal will be highly accretive for shareholders and has further increased the previous 500
percent annual revenue growth projection made back in July, of $30 million during 2019, to a whopping $70 million. This handsome
increase owes a lot to how easily integrated the parallel business lines of Sky Unlimited and Athena are to SGMD's existing
model, as well as the extent to which the deal will allow Sugarmade to not only access the larger commercial cultivation market
more directly but also enhance its emphasis on brands in a market where brand loyalty still means a great deal.
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)
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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
