QualityStocksNewsBreaks – Sugarmade, Inc. (SGMD) Solidifies Market Position with Hempistry Investment
Hydroponics supply company Sugarmade (OTCQB: SGMD) has made a commitment to invest $1 million in Hempistry Inc., advancing its goal of producing ultra-high CBD-content hemp grown in Kentucky. A recent article discussing the company reads, “The investment in Hempistry is a strategic one for SGMD, as the U.S. industrial hemp market is forecast to grow to $1 billion in revenues in 2018. The expected compound annual growth rate (CAGR) for industrial hemp through 2022 in the U.S. alone is expected to be 14 percent. … Hempistry Inc. is a Nevada-based privately-held corporation focusing on the growth of ultra-high CBD industrial…