NEW YORK, Nov. 16, 2018 (GLOBE NEWSWIRE) -- via CannabisNewsWire – 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
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.
Scheduled for January 2019, the deal is subject to an extensive audit of the Sky Unlimited operations, but confidence is high
that this latest acquisitive foray by Sugarmade will spell share price appreciation gold for the company’s shareholders. In fact,
things are apparently looking so good overall for the company that management has begun positioning for a potential NASDAQ
uplisting, tapping the requisite legal team to expedite the process.
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
