- Sugarmade continues to expand its operations into diverse marketplaces
- The company created an AI-based monitoring system to optimize agricultural yields
- Sugarmade is leveraging its hydroponic expertise regarding current market trends to further diversify revenue streams
Sugarmade Inc. (OTCQB: SGMD), one of the industry’s largest publicly traded hydroponic supply companies, continues to expand operations into diverse marketplaces. What began as a small but innovative quick-service restaurant supply firm has grown into a multiproduct company. Sugarmade has seen success because it continues to invest in products, brands and industries with disruptive potential. This allows the company to expand across market sectors and seize opportunities, thereby providing more value to customers and investors.
CarryOutSupplies.com is a division of Sugarmade that has made its mark as a leading national, high-quality, cost-efficient restaurant and packaging products supplier. The company already holds 25 percent of the quick-service restaurant goods market and has plans for further expansion.
In addition to restaurant supply, Sugarmade continues to seek out ways to strengthen its reputation and bring added benefits to customers in the agricultural industry. Utilizing a narrowband Internet of Things (NB-IoT) technology, the company has created an artificial intelligence (AI)-based hemp cultivation and agricultural monitoring system. This AI platform enables real-time tracking of field conditions that include soil moisture, temperature, humidity and more. It also provides intelligent recommendations to mitigate existing issues and thereby optimize yield (http://cnw.fm/wUd7O).
The hydroponics market is growing, in large part due to the U.S. industrial hemp market and the rapidly expanding California hydroponics supply market. Sugarmade is leveraging its expertise and knowledge of indoor and outdoor gardening goods and equipment to build on these growing trends. Orders for SGMD products have increased through Amazon UK and throughout the United States due to the expanded legalization of hemp.
Through the possible acquisitions of Sky Unlimited Inc. (http://cnw.fm/JeAd1), ZenHydro.com and AthenaUnited.com, Sugarmade offers a variety of popular hydroponic brands to agricultural cultivation sectors. This has increased and diversified revenue streams for the company as it continues to remain a leader in the provision of supplies and equipment that maximize yield and optimize growing conditions. Hydroponics is an exciting market sector with the promise of strong diversified growth.
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://cnw.fm/SUGAR
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