QualityStocksNewsBreaks – Sugarmade Inc. (SGMD) Gains Traction in Industrial Hemp Sector
Sugarmade (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, entered into a supply contract with Hempistry Inc. in April, securing its spot in the newly legal industrial hemp sector (http://ibn.fm/td7jj). A recent article discussing Sugarmade reads, “‘With at least 42,000 acres of hemp expected to be planted in Kentucky and considering an average plant density per acre of well over 1,000, farmers in Kentucky will need hundreds of millions of clones over the coming years,’ Sugarmade CEO Jimmy Chan, who is also a Hempistry director, stated in the news release. ‘When these numbers are multiplied over the…