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Sugarmade Inc. Featured in CannabisNewsWire Publication Discussing Essential Role of Extraction in CBD Sector
Sugarmade Inc. Featured in CannabisNewsWire Publication Discussing Essential Role of Extraction in CBD Sector.
About this update from Sugarmade, Inc.
[{"type":"text","content":"\nNEW YORK, June 12, 2019 (GLOBE NEWSWIRE) -- via CannabisNewsWire -- Sugarmade Inc. (OTC:SGMD) today announces its placement in an editorial published by CannabisNewsWire (\"CNW\"), a multifaceted financial news and publishing company for private and public entities in the cannabis industry.\n To view the full publication, titled “Demand for CBD Places Power in Hands of Extraction Providers,” please visit: http://cnw.fm/3TxSW. In the modern market, CBD is money, a sure seller that can be easily turned into cash by companies with even halfway capable supply chains and marketing. The incredible popularity of this hemp-derived substance has led to its use in medicines, foods, vaping oils, cosmetics and anything else manufacturers can think of. But just as money doesn’t grow on trees, CBD doesn’t grow in the form of a pure oil that cultivators can just pick and put in a packet. The valuable commodity has to be extracted from hemp plants, a sophisticated process that involves expensive equipment and technical expertise. The need for that extraction work is fueling an important subsector of the hemp industry. Sugarmade Inc. (OTC:SGMD) isn’t going into extraction itself — at least not yet. Instead, the company is preparing to provide state-of-the-art extraction equipment, a move designed to allow more companies to get involved in this lucrative piece of the CBD trade. As more companies get involved and existing operations grow larger, supply should push down prices, meaning a better deal for cultivators. About Sugarmade Inc. 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.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 journalists and writers who can help private and public companies reach a wide audience of investors, consumers, journalist...