New York, New York--(Newsfile Corp. - December 20, 2018) - CannabisNewsAudio announces the Audio Press Release (APR) titled
"California Cannabis Market Offers Growth for Cultivation Suppliers as Authorities Tackle Licensing Backlog," featuring Sugarmade, Inc. (OTCQB: SGMD)
To hear the CannabisNewsAudio version, visit: http://cnw.fm/qh0Rq
To read the full editorial, visit: http://cnw.fm/d4z1V
As a large hydroponics company whose reach includes its ZenHydro brand, Sugarmade could become a leading supplier to
California's cannabis industry. As companies expand to serve the growing market and new companies emerge alongside them, they will
depend on cultivation supplies, and Sugarmade is forecasting accelerating revenue growth as a result.
Around 6,000 licenses have been issued on a temporary basis, with 1,054 of
them about to expire. Given the further disruption to the industry that problem could cause, authorities seem to be speeding up
their efforts to tackle the backlog. The licensing agency has started issuing annual permits, and industry insiders expect this
process to accelerate over the next few weeks. More licenses will mean more companies cultivating cannabis, which will mean more
purchases from cultivation suppliers such as Sugarmade.
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.
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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
