NEW YORK, Nov. 29, 2018 (GLOBE NEWSWIRE) -- via CannabisNewsWire – CannabisNewsAudio announces the Audio Press Release
(APR) titled “Cannabis Boom Fuels Mergers and Acquisitions in Hydroponics and Beyond,” featuring Sugarmade, Inc. (OTCQB: SGMD).
To hear the CannabisNewsAudio version, visit: http://cnw.fm/aeM3R
To read the full editorial, visit: http://cnw.fm/5Kj62
Now caught up in the wider patterns of the cannabis market, hydroponics is heading down the same path. With its latest acquisition of Sky Unlimited LLC, Sugarmade has been one of
the leaders in this trend. The cash and shares deal, worth $40 million, will give Sugarmade control of AthenaUnited.com, an
online outlet providing a range of hydroponic equipment.
“This acquisition will further boost our already very rapid growth rate and is expected to be high accretive to common
shareholder value,” said Sugarmade CEO Jimmy Chan. “Sky Unlimited and Athena are complementary to our existing business
operations, allowing us to not only increase our emphasis on brands but also to diversify our revenue streams to now include the
larger commercial cultivation operations.”
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.
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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
