- Sugarmade Inc., one of the largest publicly traded hydroponics supply companies, recently announced that it will be developing a cultivation monitoring system based on artificial intelligence (AI) technology
- The system will enable real-time field monitoring and will also make intelligent recommendations to address problems
- Through the use of the Sugarmade monitoring system, hemp and other agricultural cultivators will ensure optimal growth conditions designed to optimize yields
Sugarmade Inc. (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, will be developing an artificial intelligence-based hemp cultivation and agricultural monitoring system, as the company announced in a press release on May 14, 2019 (http://ibn.fm/B6T9a).
Through the use of AI devices placed throughout fields, agricultural producers will collect vital information about growth conditions (soil, moisture, air humidity, etc.). The information will be gathered via a central control system, enabling adjustments in the cultivation process through intelligent recommendations.
Sugarmade’s new development will be based on narrowband internet of things (IoT) technology – a cellular communication technology that provides wide area coverage for the purpose of gathering information.
The technology is characterized by a few key advantages, including long battery life of data collection devices, simplicity of setting up the network and extensive coverage that goes beyond the scope of other existing cellular technologies.
AI-based monitoring systems are especially beneficial within the hemp cultivation industry. As hemp is turning into one of the most valuable crops in the world, cultivators are seeking effective monitoring methodologies that guarantee optimal yields, Sugarmade CEO Jimmy Chan said in a news release. The Sugarmade AI platform will enable real-time tracking of field conditions, while also providing intelligent recommendations to mitigate existing issues, Chan concluded.
Sugarmade is a major supplier in the hydroponics cultivation sector. Based in in Los Angeles County, the company has numerous operations across diverse marketplaces. Sugarmade is one of the largest publicly traded hydroponics suppliers moving into the industrial hemp space.
As hemp cultivators are starting to benefit from new opportunities stemming from the passing of the federal Farm Bill, suppliers like Sugarmade also enjoy steady growth potential.
The hemp industry was already flourishing in 2017, and it hit $1 billion in 2018. Hemp cultivation saw a massive increase in planted acreage in 2018, and the number is anticipated to rise even higher by the end of 2019. As a result, experts predict a shortage in cultivation supplies that will create opportunities for companies like Sugarmade.
According to previous Sugarmade announcements, the company is anticipating a substantial payoff from its commitment to the industry. In April 2019, the company announced a supply contract agreement with Hempistry Inc., a Kentucky-based hemp cultivator. The agreement focused on the provision of supplies for Hempistry’s micropropagation operations. Through this venture, Sugarmade has already expanded the scope of its operations.
For more information, visit the company’s website at www.Sugarmade.com
NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://ibn.fm/SUGAR
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