LOS ANGELES, Sept. 10, 2019 /PRNewswire/ -- Sugarmade, Inc. (OTCQB: SGMD) ("Sugarmade", "SGMD", or the "Company"), a leading supplier of hydroponics and cultivation equipment and resources, is excited to introduce its new line of "iPower" branded inline duct ventilation fans. Designed for durability, high-performance, and affordability, this advanced equipment for indoor and hydroponic cultivators is now available for immediate purchase on the Company's website at zenhydro.com and on Amazon.com.
"Indoor and greenhouse cultivation is becoming increasingly sophisticated, helping both hobbyists and commercial cultivators maximize output regardless of seasonality or weather conditions," commented Jimmy Chan, CEO of Sugarmade. "This sophistication, along with expanding mainstream interest in products derived from hemp and hemp-related crops in North America, has driven increasing interest in both indoor and hydroponics cultivation, which has helped to foster booming demand for related equipment. We have positioned Sugarmade as a leading supplier of superior quality equipment catering to that boom. And our new line of iPower inline fans represents the latest example of our commitment to that standard and strategy."
Management notes that the global indoor farming market is valued at more than $106 billion, with steady growth anticipated over coming years due to projected declines in arable land and increasing demand to cultivate newly legalized cash crops in North America, suggesting upward demand pressure on the indoor and hydroponics cultivation equipment and supplies market. The Company also believes the 2018 US Farm Bill, with its positive implications for hemp-related cultivation, will drive further growth in expected demand forecasts for indoor and hydroponic cultivation equipment suppliers.
To meet that expanded demand, the Company sees ventilation as a core product category in the indoor and hydroponic cultivation market, on par with advanced lighting and nutrient resources. In addition to its new state-of-the-art iPower inline ventilation fans, the Company also offers an extensive grow light product portfolio.
The iPower inline fan has been designed to produce superior air flow while optimizing energy efficiency and minimizing noise production through its advanced composite fan blade and center hub design, which reduces noise and vibration. iPower inline fans are available in 4-inch, 6-inch, or 8-inch models, can be used with or without iPower carbon filters and duct ventilation, and come packaged in a unique lightweight yet durable housing.
Mr. Chan continued, "We are confident that the iPower line represents the superior choice in the marketplace. iPower inline fans provide strong flexibility in configurations and include intelligent programing capabilities. They make an excellent addition to our growing product portfolio as we continue to build a leadership role in catering to a very wide market footprint, from hobbyist cultivators all the way through the largest commercial cultivators."
About Sugarmade and iPower Brands
iPower is a leading manufacturer of grow light systems; supplying gardeners, worldwide, for over a decade. The product lines use the transformative power of light to make gardening more efficient and productive. In addition to HPS/MH and Ceramic MH technology, iPower product offer digital ballasts, fluorescent, and LED lighting systems. Sugarmade Inc. is a product and brand marketing company investing in products and brands with disruptive potential.
For more information, visit the company's website at www.Sugarmade.com.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others. such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements.
Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
Contact:
Jimmy Chan
+1-(888)-982-1628
info@Sugarmade.com
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SOURCE Sugarmade, Inc.