CannabisNewsWire
CannabisNewsWire

News and publishing service for cannabis related companies

LimeLight of The week is

Sugarmade, Inc. (SGMD)

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Sugarmade, Inc. (SGMD), one of the largest publicly traded hydroponics supply companies moving into the industrial hemp space, is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade's brands include: ZenHydro.com and CarryOutSupplies.com. Headquartered in Monrovia, California, a city within Los Angeles county, Sugarmade has various business operations in diverse marketplaces including packaging and paper goods for various industries, agricultural supplies.

Sugarmade has expanded into the European hydroponics supply market with a growing base of orders taken through Amazon UK. Over the past few financial quarters, Sugarmade has seen revenue growth patterns expand geographically. As recently as mid-2017, the majority of hydroponic-related revenue growth was seen from California and other West Coast marketplaces, however growth is becoming more geographically dispersed among U.S. states where legalization has eased restriction. This movement into the United Kingdom further expands the base of geographic growth areas for Sugarmade.

Investment Considerations

  • Strategic investment in Hempistry, allowing Sugarmade shareholders to possibly benefit from relationship with industrial-hemp cultivation company
  • Industrial hemp market in the U.S. projected to reach over $1 billion in revenues in 2018 with an expected 14% CAGR through 2022
  • Sugarmade is one of the largest, publicly traded hydroponic supply companies investing in the legal cultivation sector
  • Expansion into European hydroponics supply market to provide additional revenue growth opportunities
  • Led by experienced team of executives instrumental in successfully growing multiple business operations
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