Business
Sugarmade and Hempistry Commence Hemp Cultivation in Kentucky
Sugarmade and Hempistry Commence Hemp Cultivation in Kentucky.
About this update from Sugarmade, Inc.
[{"type":"text","content":"\n\n\n\nSugarmade and Hempistry Commence Hemp Cultivation in Kentucky\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSugarmade and Hempistry Commence Hemp Cultivation in Kentucky\nPR Newswire\nMONROVIA, California, Aug. 1, 2019\n\n\n\nMONROVIA, California, Aug. 1, 2019 /PRNewswire/ -- Sugarmade, Inc. (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation and hemp sectors, today announces commencement of hemp cultivation in conjunction with Hempistry, Inc., of Madisonville, Kentucky. Sugarmade recently announced is had begun to exercise its investment option in the Kentucky hemp cultivator. The hemp being cultivated this year by Hempistry is a fast growing strain that is especially rich in cannabidiol (CBD). The farm is located in Madison County, Kentucky.\nSugarmade is not only directly investing in the Hempistry operation, but it is also increasing its commitment to become a leading supplier to hemp cultivators across the country. Nowhere is this commitment stronger than within the state of Kentucky, which now leads the nation in the number of acres under cultivation. A major component of this expanding commitment is the pending acquisition of leading cultivation supplier BZRTH. Sugarmade announced earlier this week that BZRTH had completed its audits for previous financial periods, which was a major requirement for acquisition closure.\n\"Our investment in Hempistry, our commencement to the state of Kentucky and our pending acquisition of BZRTH provide Sugarmade with multiple options for growth, while our recently effective S-1 filing expands our ability to finance the many initiatives in front of the Company,\" commented Company CEO, Jimmy Chan. \"We wish Hempistry well in their efforts this season.\"\nAbout Sugarmade, Inc.\nSugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the cannabis marketplace. The Company is in the pro...