Business
CannabisNewsWire Announces Wave of Acquisitions Sweeping Cannabis Sector as Big Business Eyes Widening Legalization
CannabisNewsWire Announces Wave of Acquisitions Sweeping Cannabis Sector as Big Business Eyes Widening Legalization.
About this update from Sugarmade, Inc.
[{"type":"text","content":"\nNEW YORK, Oct. 12, 2018 (GLOBE NEWSWIRE) -- via CannabisNewsWire – CannabisNewsWire (\"CNW\"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Sugarmade, Inc. (OTC: SGMD), a client of CNW focused on investing in products and brands with disruptive potential.\n To view the full publication, titled “Fresh Acquisitions Help Companies Profit from Growth in the Cannabis Sector,” visit: http://cnw.fm/G5Vzz One example is a recent series of acquisitions by Sugarmade, Inc. (OTC: SGMD). A Los Angeles company with warehouses in southern California, Sugarmade isn’t a purely cannabis-oriented business, but its work in restaurant supplies and packaging is increasingly taking a back seat. Its higher profile work is in the cannabis sector, where it provides cultivation supplies. “These acquisitions will not only very significantly boost our top line revenue growth, but will also expand our distribution across the most important sectors of the fast-growing cannabis marketplace,” said Sugarmade CEO Jimmy Chan. “In addition to the revenue growth opportunities, we will also be afforded very meaningful cost savings across many operational functions. In particular, we believe there are strong cost synergies relative to manufacturing, purchasing, international transport, warehousing and shipment to customers. Perhaps most exciting, however, is that these acquisitions will place us among the largest public companies in the booming cannabis sector.” 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 journ...