QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) to Enter Hemp Extraction Technologies and Equipment Market
Major supplier to the growing hydroponic cultivation sector Sugarmade (OTCQB: SGMD) this morning announced a new business initiative intended to expand its revenue base. According to the update, the company, over the coming weeks, will be entering the market for hemp extraction equipment and technologies, including several Chinese proprietary technologies, with the potential of increasing efficiencies. “Our staff has done extensive research into the fast growing hemp industry. We continue to see an imbalance between cultivation outputs and extraction capacities within the industry,” Sugarmade CEO Jimmy Chan said in the news release. “This leads us to believe the market for…