• Working to reduce the world’s dependence on pharmaceuticals with natural remedies
• Providing multiple product lines meeting the consumer’s desire for natural, organic ingredients
• Uniquely positioned to service two markets that are expected to see substantial growth

Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF), a hemp-cultivated cannabinoid innovator, believes that the best approach to maintaining health is to use ancient Eastern traditions of whole plant medicine with modern Western principles of naturopathic science. The company has developed products that promote a busy, active lifestyle through the use of natural plant-based ingredients that fuel and energize the body. A large part of Phivida’s mission is to provide food, beverage and clinical product choices that help reduce the world’s dependence on pharmaceuticals.

Consumers are shifting away from pharmaceutical companies and looking for natural remedies. Phivida is supplying this growing shift with two product lines, Vida+ and Oki. Vida+ (www.HempVidaPlus.com) offers a line of clinical hemp oil extracts and capsules. Oki (www.FeelOki.com) is a new line of consumer beverages and health supplements infused with active hemp extract. Oki beverages come in iced teas and flavor-infused water, with four different flavors of each. There is also a line of Oki tinctures and capsules. All of Phivida’s products use non-GMO, natural ingredients; are plant-based; and are vegan-friendly, and of its drinks are packaged in 100 percent recyclable glass.

In addition to products, Phivida is working to educate the consumer through its online Knowledge Center (http://ibn.fm/UM05x). As CBD increases in popularity, the myth around it grows as well. The Knowledge Center is a place where consumers can receive “clear, simple, science-based information” surrounding CBD. The site sets out to answer questions such as why people may choose hemp, what is CBD, what effect CBD can have on one’s body, how to properly integrate it into one’s health routine and more.

The company is uniquely positioned within an industry that’s ready to explode. With laws surrounding CBD changing and a beverage market that’s estimated to reach approximately $14 billion by 2020, the Oki product line is sitting in a unique market niche. Add to this that the hemp extract market is predicted to hit $22 billion by 2022 (http://ibn.fm/VhmfE), and Phivida becomes a company that’s worthy of close attention.

For more information, visit the company’s website at www.Phivida.com

• Partnering with Dermagate to improve the health of women worldwide
• Working toward qualification of an accreditation that will open more doors worldwide
• A promising year lays ahead with access to additional medical devices for ETST and an accelerated-to-market certification process for Hygee

Earth Science Tech, Inc. (OTCQB: ETST), a biotech company developing and marketing health-oriented products, has partnered with Dermagate, a fast growing company specializing in the manufacturing of dermatology and wound care products, to manufacture Hygee medical devices. A recent press release (http://ibn.fm/wDFw5) emphasizes that both companies share a concern for the health of women worldwide, making them a natural fit in the production and distribution of this self-sampling kit that allows women to test for sexually transmitted infections (STIs) in the privacy of their own homes.

Hygee has already been proven successful in detecting chlamydia. Testing for additional STIs and non-STI infections will be added soon. The goal of the current medical device is to help reduce the overall spread of chlamydia and help women avoid the dangerous complications of this STI. By providing an affordable, discreet testing procedure, ETST is empowering woman to take charge of their health. Dermagate is making it possible to produce and distribute these kits worldwide.

Dermagate holds the necessary ISO 13485:2013 certifications that will allow for distribution and has already begun the application process for the new Medical Device Single Audit Program (MDSAP) certification of all of its products, including Hygee. The MDSAP will soon replace the ISO 13485:2013 certification. Australia, Brazil, Canada, Japan and the United States are five major markets that will soon adopt the new certification. The advantage of MDSAP, which is also being considered by additional countries, is that one accreditation covers all participating countries rather than having to earn a new accreditation for every individual country.

Next year promises to be a productive one for ETST, as this new partnership will give the company access to additional medical devices for distribution. Certification for the distribution of Hygee in Canada is expected to take place in January. Certification for distribution in various other countries is anticipated in mid-2019. In addition to Hygee, two new nutraceutical products are scheduled to be launched in the coming year.

“The volume of first-year sales for Hygee will probably be far more than anticipated,” Gaétan Houle, president and CEO of PharmaGate Group Inc. and Dermagate, stated in a news release. “We are not afraid of success. We are able to scale the production to any level needed to meet the worldwide market needs.”

For more information, visit the company’s website at www.EarthScienceTech.com

• Medical Cannabis Payment Solutions serves the legal cannabis industry with a first-class, end-to end payment processing system
• Its payment architecture is called “Go”
• The company’s is committed to helping businesses process payments securely

Medical Cannabis Payment Solutions (OTC: REFG) provides payment and management solutions to the legal cannabis industry. The company serves this industry with a premier end-to end payment processing system. This proprietary payment system is called “Go.” A FinCEN (Financial Crimes Enforcement Network) compliant enterprise, Medical Cannabis Payment Solutions has its corporate office in Cheyenne, Wyoming.

Marijuana Business Daily noted in a June 2018 article that the industry is suffering banking woes and searching for solutions to this issue (http://ibn.fm/qFUYm). This is where Medical Cannabis Payment Solutions comes in, as it is a first-tier merchant processing cannabis industry pioneer. Fundamentally, its state-of-the-art system tracks sales and tax collection and does away with the need to deal in cash-only transactions. The company’s “Go” platform and technology is expressly targeted to the cannabis industry.

Medical Cannabis Payment Solutions permits merchant clients to sign up online on its site. Furthermore, the company provides bank accounts online. Therefore, cannabis providers have a solution to the problem of limited or no bank support resulting from federal regulations still on the books. Also, this system provides businesses with an advanced client management system. A majority of point-of-sale systems can be set up with the company’s gateway, and it lessens the need to deal in cash. This cuts down on security concerns for the legal cannabis industry.

The Sacramento Bee reported in October 2017 that legalized cannabis is still a cash business, and dangerous (http://ibn.fm/LRMrM). This is an issue that Medical Cannabis Payment Solutions is aggressively addressing. It is bringing to the marketplace the first and only comprehensive card processing operation of its type. The company’s system will process approximately 60 million transactions (http://ibn.fm/x2Nnw). The system will securely, safely and in a totally transparent manner issue one million new cards.

Nonetheless, the “Go” system still facilitates cash transactions for medical and recreational cannabis businesses. A business can accept cash with an understanding that it has a safe and user-friendly way in which to manage cash with deposits, withdrawals, spending and transfers all out of one seamless system. At its heart, the system is a link between a bank and a dispensary. The payment solution card enables patients and customers to link checking accounts from any United States bank to their “Go” accounts. The benefit to customers is speed and convenience in purchasing state-licensed products, which they can do directly from their bank accounts (http://ibn.fm/ZIFEk).

Offering the benefits of banking and merchant processing, Medical Cannabis Payment Solutions continues to innovate in the legal cannabis sector. The company’s goal is to help businesses operate legally and process payments securely. Regulatory compliant and dedicated to this mission, Medical Cannabis Payment Solutions offers its customers and stakeholders new ways to do business in a burgeoning industry.

For more information, visit the company’s website at www.PayWithGo.com

• Strong sales helped by increasingly successful brand of health and wellness products
• Recent record-breaking month with $5.8 million in gross sales
• Revenues of $12.9 million for fiscal first quarter

Sharing Services, Inc. (OTCQB: SHRV), a Texas-based diversified holdings company focused on reshaping how entrepreneurs succeed, recently had a record-breaking month, seeing $5.8 million in gross sales in August. Unlike many small companies, Sharing Services, Inc. stands out by maintaining strong financial vitality, due in large part to its burgeoning brand of health and wellness products, Elevacity Global, LLC.

Since the launch of Elevacity Global in December 2017, the company has boasted sales revenues of over $20 million. This milestone month is the most recent success in an impressive year, with the company reporting revenues of $12.9 million for the fiscal quarter ended July 31, 2018, and $8.3 million in revenues in its annual filing for the period ended April 30, 2018. The company credits its steady growth to several factors, including its emphasis on high quality products, an increasingly satisfied and loyal customer base and its growing team of Elepreneurs (home-based entrepreneurs), who have been implementing the company’s “Blue Ocean Strategy” to achieve its mission of providing high quality products via excellent customer service experiences.

Elevacity Global was launched (http://ibn.fm/a1SDd) as a company “created to elevate the consumer’s health, wealth and happiness through patented nutritional products that are coupled with virtual success training and integrated with a unique rewards program.” Elevacity Global features products such as “Smart Coffee” (a weight loss, instant coffee), “Sound Sleep” (a sleep aid patch with all natural ingredients), dietary antioxidants, “Timeless” skincare, Ketogenic coffee creamer and more.

The company has been focused on expanding its growth through direct selling, either selling products to consumers through independent representatives or offering services ranging from health and wellness to energy and technology, among others. The direct selling industry saw its second highest year on record in 2016, when the industry brought in $35.54 billion. That same year saw a record 20.5 million people involved in direct selling (http://ibn.fm/zU83E). The company itself has grown by 10,000 independent sales representatives over the past few months and anticipates more growth in that regard.

This ambitious company looks forward to continuing its momentum and achieving new milestones in the months to come. Sharing Services, Inc. plans to intertwine Elepreneurs with the Sharing Services brand to create synergy within the business.

For more information, visit the company’s website at www.SHRVinc.com

• QMC Quantum Minerals developing Manitoba’s full lithium mining and production potential
• Irgon Lithium Mine Project provides excellent lithium production opportunities
• QMC aims to position itself among the big lithium market players

Through the exploration of its Irgon Lithium Mine Project, QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) is uncovering Manitoba’s full lithium production potential. Onsite work has delivered outstanding results, stimulating additional investment in exploration that is expected to lead toward production at the lithium mine on the property.

On the 100 percent QMC-owned Irgon Mine Project located within the Cat Lake-Winnipeg River rare elements pegmatite field, the company has identified significant visual spodumene mineralization not only on the main Irgon Dike but also on other large pegmatite dikes within the property. The discovery of this additional mineralization has led to extensive exploration on the entire property. Initial focus is on the Mapetre and Central Dikes and once the overburden has been cleared from the entire strike length of both these dikes, an extensive program of channel sampling will be commenced to evaluate the lithium grades of mineralization occurring within these dikes.

Many of the occurrences identified to date within the Irgon Lithium Mine Project were initially discovered decades ago. Due to the lack of demand for lithium at the time, the lithium production potential of the region was never fully explored. Through the current exploration within this world-class pegmatite district, QMC Quantum Minerals is positioning itself to be a big market player, competing with some of the industry leaders in China and Chile. This task has been hugely simplified by QMC building upon historic exploration data within the area and having the ability to capitalize on the well-established Manitoba mining infrastructure.

The information and available facilities will help QMC Quantum Minerals extract the spodumene mineralization, allowing the company to produce electric vehicle-grade lithium concentrate. This hard rock extraction process provides yet another advantage, because it is much quicker than the extraction methods upon which China and Chile rely. Chinese and Chilean companies extract very low-grade lithium concentrations from brines. For the process to be completed, water has to be evaporated, which slowly concentrates the element, allowing it to be extracted. In Manitoba, the rock simply has to be mined, which contributes to a much faster turnaround time.

Lithium demand forecasts for the future are very positive. The demand for the resource is set to triple by 2025. Lithium-ion batteries that are used in everything from mobile devices to innovative electric vehicles will be the main stimulus behind the growth.

Analysts confirm that a reliable lithium supply remains a key concern in the battery supply chain. This is why new lithium mineral sources have to be discovered and developed. In addition, the lithium-ion battery production will also have to be streamlined to ensure faster manufacturing.

QMC Quantum Minerals has invested two years of work in the Irgon Lithium Mine Project. To date, as part of bringing the resource reporting in compliance with current NI 43-101 reporting standards, QMC has reported analytical results from channel sampling greater than the reported historical grade. Through the channel sampling program on the Irgon Dike, QMC has reported 1.73 percent lithium oxide over 14 meters. Chip sampling on other dikes on the property has produced similarly encouraging results, with one sample having a concentration of 4.16 percent Li2O.  Along with the discovery of the huge anomaly south of the Irgon Lithium Mine, the resource estimate will almost certainly be larger than the 1.2 million tons previously reported.

QMC Quantum Minerals is a Vancouver-based company engaged in the acquisition, exploration and development of lithium and other valuable resource properties. All of the company’s properties are currently located in Manitoba and include not only the Irgon Lithium Mine Project, but also two volcanic massive sulphide (“VMS”) properties encompassing approximately 23,000 hectares (57,000 acres) in the prolific Flin Flon/Snow Lake VMS mining district of northern Manitoba. These two properties, the Rocky Lake and the Rocky Namew properties, are collectively known as the Namew Lake District Project.

For more information, visit the company’s website at www.QMCMinerals.com

• A record-breaking year with a 36 percent jump in sales
• Growth in revenue and increase in new Elepreneurs attributed to new product launch and the company’s Blue Ocean Strategy
• Co-founder of Herbalife added to the SHRV team in anticipation of Elepreneurs 2.0 launch

Sharing Services, Inc. (OTCQB: SHRV), a diversified holdings company focused on reshaping how entrepreneurs succeed today, is experiencing substantial growth. The company is on a mission to change the direct-selling industry with best-in-class services through its unique Blue Ocean Strategy. The records SHRV are setting in 2018 suggest that it is doing just that.

The company’s results for the fiscal quarter ended July 31, 2018, showed revenues of $12.9 million, marking a 36 percent quarter-over-quarter increase. This is a record for the company and follows the launch of products from its Elepreneur and Elevacity Global subsidiaries, the creation of new corporate headquarters, the addition of experienced talent to help drive momentum and its continued commitment to the “Blue Ocean Strategy”.

The Elevacity Global health-and-wellness division launched its new products in December 2017, including the company’s bestselling D.O.S.E.-related products, Sleep and Energy Patches, Elier Mud and Timeless. Elier Mud is obtained from organic, natural moor and is an anti-aging product that purifies and infuses skin with vital nutrients. Timeless is an all-natural skin care product for men and women that helps firm and improve the elasticity of the skin. Both products were well received and contributed greatly to the increase in sales.

Over the last few months, SHRV has grown to over 10,000 independent sales representatives. A new corporate headquarters was established in Plano, Texas, in anticipation of and to accommodate growth. The new facility provides space for a growing customer service department, training rooms and video production. Currently, the company has interests in health and wellness, technology, energy, training, insurance services, media and travel benefits.

As the company continues to grow, new, experienced talent is being added to the SHRV team. Earlier this month, it was announced that Larry Thompson, co-founder of Herbalife International, will be advising the company on the impending launch of Elepreneurs 2.0.

In a news release (http://ibn.fm/KSZsJ), Sharing Services Chairman Robert Oblon stated, “Without a doubt, Larry Thompson represents a wealth of knowledge in terms of how to build successful companies. Through Larry’s vision and leadership, he has achieved more than $30 billion in sales during his career. In the process, Larry also helped elevate thousands of lives, possibly a few hundred thousand lives, making him one of the most respected industry strategists. As an outside business strategist, he provides our Company with unprecedented business acumen. His acumen, ability and vision will help us develop Elepreneurs into a next-generation company that embraces the assets of freedom, flexibility and other gig economy attributes in addition to the benefits associated with a direct selling/network marketing business opportunity.”

The growth that SHRV is experiencing is not by accident but instead the product of a well thought out, strategized plan, otherwise known as a Blue Ocean Strategy. Leveraging this strategy, the company elevates home-based entrepreneurs, known as “Elepreneurs,” through the utilization of direct selling channels to generate 100 percent organic growth.

For more information, visit the company’s website at www.SHRVinc.com

• Recently announced a supply partnership with Velvet Management Inc. naming TGOD as its exclusive certified organic producer
• Operations focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market
• Committed to becoming the global leader in organic cannabis brands
• Current international investments in Jamaica, Poland and Mexico, with further expansion planned in Europe

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), a global producer of farm grown, high quality organic cannabis, has secured a strong entry point with provincial cannabis and liquor boards across Canada through a recently announced supply partnership with Velvet Management Inc. The company’s commitment to best-in-class distribution for its premium, certified-organic cannabis makes relationships with and sales through provincial cannabis and liquor boards critical to TGOD’s success.

Under the partnership, Velvet will distribute TGOD’s premium organic cannabis across all recreational adult use markets in Canada through provincial liquor and cannabis boards. Velvet is a new company created by Philippe Dandurand Wines, the largest wine distributor in Canada. Dandurand established Velvet Management Inc. to focus on the sales and marketing of cannabis brands. TGOD is Velvet’s first cannabis partner and will be exclusive as a certified organic producer. TGOD will maintain responsibility for brand marketing (http://ibn.fm/gNIJB).

“TGOD’s cannabis is a premium offering, the best experience a consumer can receive,” Csaba Reider, president of TGOD, stated in a news release. “When we began the search for a distribution partner, we wanted the best – a partner with significant distribution capabilities and years of excellence in selling premium alcohol and wine. In Velvet Management we have found that partner.”

The Green Organic Dutchman’s operations are focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as on the Canadian adult-use recreational market. The company is committed to maintaining sustainable, all-natural methods to produce its organic cannabis. Laboratory testing of products ensures that customers have a consistent, safe and standardized product (http://ibn.fm/Rl1y1).

“This (supply partnership) is a pivotal step in our sales and distribution strategy,” Mike Gibbons, TGOD’s vice president of sales, noted in a news release. “Velvet will be a powerful partner with their knowledge of the industry, extensive contacts, and second to none distribution capabilities. We look forward seeing the tremendous success achieved by Dandurand in the wine and alcohol industry translate to the cannabis sector.”

The company is committed to becoming the global leader in organic cannabis. TGOD has a production capacity of 170,000 kg and is building cultivation, research and development, and licensed dealer facilities in Ontario and Quebec. The company’s 150,000-square-foot cultivation facility in Ancaster, Ontario, expected to produce 14,000 kg of high quality organic cannabis annually, is on track for completion in the first quarter of 2019.

TGOD has also made international investments in Jamaica, Mexico and Europe. In October, the company announced its acquisition of HemPoland, a leading manufacturer and marketer of premium CBD oils in Europe. The acquisition provides immediate revenue, as well as access to HemPoland’s significant distribution network, state-of-the-art hemp oil extraction technology, premium top-selling Cannabigold brand and Europe’s hundreds of millions of potential customers (http://ibn.fm/giSNR).

TGOD’s partner in Jamaica, Epican, is expected to have five operating dispensaries by the first quarter of 2019, including a flagship outlet in Kingston that opened in July. Cultivation on newly leased property will bring the company’s Jamaican production capacity to 14,000 kg, much of which will be exported to global markets as TGOD-branded products (http://ibn.fm/d4NUC). In addition, a strategic joint venture between TGOD and LLACA Grupo Empresarial will give the company potential access to points of sale in 4,500 pharmacies and 3,100 supermarkets throughout Mexico.

For more information, visit the company’s website at www.TGOD.ca

• REFG’s comprehensive card processing solution ensures secure and speedy transactions for clients
• The payment solution tracks both sales and taxes, providing transparency and compliance in cannabis sales
• The market potential for the legal cannabis market forecast at $26 billion by 2024

Medical Cannabis Payment Solutions (OTC: REFG) is a payment processing solution provider serving the state-sanctioned medical marijuana industry. Through Green or Take.Green, the company’s proprietary payment system, REFG tracks both sales and tax collection. This means that marijuana transactions are carried out above board and transparently. For the government, having such a system in place ensures efficient tax collection in an industry that has been dogged by tax evasion and underground deals.

REFG gives cannabis customers speed and convenience in purchasing state-licensed products. They can do this straight from their bank accounts without the need to carry cash.

Setting up a new customer on the Green payment system is easy, and customers can connect their U.S. bank accounts with their Green accounts. All of these transactions are completed through a secure channel that ensures that every cent transferred gets to its destination. Transfers take only a day to reflect in the other account.

The federal government has several guidelines to be followed by companies operating in this industry. REFG has put in place an automated full disclosure system that makes it relatively simple to comply with federal requirements. Most cannabis operations have a host of cash and compliance issues that oftentimes cripple the progress of the industry. REFG has decided to follow the law to the letter, thereby giving its clients the liberty to trade.

The Medical Cannabis Payment Solutions’ system has a host of functionalities that allow clients to pay bills, employees and managers through electronic funds. In one comprehensive platform, the system manages both client and product information.

High-volume clients benefit from additional customized services such as armored pickups. Cash handling has been a challenge to some dispensaries and the cause for significant losses in profits. REFG, through the secured pickups service, aims to help reduce or even eliminate such losses.

The increased awareness of the health and recreational benefits of cannabis has created a vast market opportunity not just for REFG, but other players in the industry as well. According to a report by Statista (http://ibn.fm/WBQ3e), the medical marijuana market in the United States is projected to reach $7 billion in sales by 2021. The combined figure for recreational and medical marijuana sales is estimated to hit $26 billion in the same year.

REFG is strategically positioned in the market, since its serves both recreational and medical dispensaries, as well as related businesses. Through its compliant payment solution and other management capabilities, the company can easily reach and compete in widely underserved markets.

For more information, visit the company’s website at www.PayWithGo.com

• Supreme Cannabis’ mission is to grow the world’s best cannabis and become a leader in the industry
• The company has its “7ACRES” modern grow facility
• Supreme Cannabis recently reported its Q1 financial results

Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) (FRA: 53S1) engages in the production of medical cannabis in Canada. Its corporate mission is to grow the world’s best cannabis and become a leader in the global industry. The company formed 7ACRES as the first licensed producer centered on growing high-quality cannabis in high quantities. Supreme Cannabis Company is headquartered in Toronto, Ontario.

Ever since 7ACRES was federally licensed to produce on March 11, 2016, Supreme Cannabis has been pursuing its mission of becoming the foremost international cultivator of cannabis. The company is proficient at cultivating high-quality cannabis at scale. Since 2014, Supreme has been at the center of the cannabis space in pursuit of the significant opportunity in cannabis, rooted in Canada, with global opportunities on the horizon as well.

Regarding its 7ACRES initiative, Supreme’s state-of-the-art greenhouse, technology and careful cultivation practices underwent development to enable 7ACRES to grow high-quality cannabis sustainably and at scale. 7ACRES’ hybrid greenhouse is located in Kincardine, Ontario (http://ibn.fm/HEBb2). This is a 340,000-square foot facility. Here, indoor-quality buds are produced with sun-grown characteristics.

7ACRES’ facility is the largest of its type to grow with advanced HVAC and CO2 enrichment utilizing full-spectrum sunlight. This is instead of the limited-spectrum lamps used by numerous hybrid growers. 7ACRES has a current capacity of 13,333 kilograms of dried cannabis annually. Plans are to boost production by mid-2019 to a rate of 50,000 kilograms annually (http://ibn.fm/LRY91).

Supreme Cannabis employs a supplier/distributer/retailer model. This model allows the company to concentrate on its pursuit of the best cultivation practices and plants without the requirement to invest in packaging, retail, physician education or clinics. This model ensures that Supreme can focus on cultivating craft quality cannabis at commercial scale.

Recently, Supreme Cannabis announced record revenues for Q1 2019 (the three months ended September 30, 2018). Revenue for Q1 was $5.14 million. This represents a 229 percent increase from Q1 2018 ($1.56 million) and a 45 percent increase from the prior quarter ($3.55 million). Moreover, after Q1 2019, Supreme made first shipments of 7ACRES-branded high-end cannabis to six of Canada’s provincially regulated adult-use channels (http://ibn.fm/ZHsmO).

Navdeep Dhaliwal, Supreme Cannabis Chief Executive Officer, said in a news release, “Supreme Cannabis’ results in the first quarter mark a solid beginning to a historic year in a competitive, dynamic and rapidly evolving marketplace. Q1 2019 results are continued validation for the successful execution of our strategy for our 7ACRES business to establish a competitive advantage in quality driven regulated cultivation at scale.”

As legalization grows beyond Canada, Supreme Cannabis plans to continue to identify new prospects to build unique cannabis businesses worldwide. Its 7ACRES is on course to become Canada’s leading cultivator of consistently first-rate commercial cannabis. The company will use this as a springboard to increase its portfolio of companies and offer growth opportunities to shareholders looking to embrace all that the cannabis sector offers.

For more information, visit the company’s website at www.Supreme.ca

• Cannabis industry revenues expected to top $20 billion this year and grow to over $63 billion by 2024
• Hydroponics market expectations will rise with cannabis’ fortunes, anticipating a 20.7 percent CAGR worldwide through 2023
• The predictions have captured specialty product supplier Sugarmade’s attention, and the company continues to develop its hydroponic supply lines
• Sugarmade’s acquisition agreement with hydroponics supplier Sky Unlimited and the company’s investment in hemp cultivator Hempistry exemplify its growth plans

Specialty product supplier Sugarmade, Inc. (OTCQB: SGMD) is sweetening its investment in the increasingly legalized hemp sales markets by strengthening its grasp on hydroponic system supplies and inverting capital into cultivation.

Sugarmade has developed its vision as a company that provides what certain food industry businesses need by establishing itself as a supplier for a variety of products. The company’s CarryOutSuppies.com operation provides custom-printed and generic quick-service restaurant supplies including paper and plastic cups for cold beverages, cups for coffee and ice cream, cup sleeves, plastic spoons, etc. The company claims a market share of between 25 and 30 percent of such products in the frozen yogurt and ice cream industries.

The swelling tide of public interest in legalizing cannabis and cannabis-derived products has created new opportunity for Sugarmade and its hydroponics supply business. That opportunity has captured Sugarmade’s attention, and the company stated in its most recent 10-Q filing that it planned to continue concentrating “primarily on the hydroponic and cultivation market place,” along with its restaurant supplies, and that “we are currently analyzing expanding our business operations into the hydroponic and cultivation retail sector via direct acquisitions of participants in that market sector.”

Hydroponics involves cultivating plants in a manner that conserves water, nutrients, lighting and labor to the extent possible through best efficiency practices, and Sugarmade’s products include soil-containing grow bags, odor-resistant transport and storage products, and lighting. Since the filing of the 10-Q statement in August, the company has reached an acquisition agreement with Nevada-based Sky Unlimited that gives it control over an increased array of products ranging from advanced lighting systems to the super-oxygenating AeroFlo 60 aeroponic system, which is praised by growers, academics and researchers alike for its consistent quality of performance. Researchers continue searching for ways to apply technology to the needs of hydroponic systems to maximize the predictability of their outcomes and augment the efficiency of labor (http://ibn.fm/GYBYu).

Sugarmade’s decision to increase its 2019 fiscal calendar revenue guidance from $30 million to $70 million following the acquisition of Sky Unlimited, as well as its agreement to invest up to $1 million in Hempistry’s hemp-growing operation in Kentucky, is evidence of the revenue that Sugarmade expects such operations to generate. Industry publication BitCanna reported in July that worldwide legal cannabis spending topped $14 billion in 2016, grew to $16.6 billion in 2017 and is on track to top $20 billion this year, drawing on various analysts’ statistics. The trending increase in those numbers creates a scenario for what BitCanna refers to as a “hotbed for investment,” and the publication anticipates further growth to as much as $63.5 billion by 2024 (http://ibn.fm/HimsX).

A recent CannabisNewsWire report noted projections that the hydroponics industry will benefit in tandem with cannabis’ fortunes, anticipating a six-year CAGR of 20.7 percent to a $13.84 billion worldwide industry in 2023, with a similar CAGR driving the U.S. market alone to about $3.7 billion in revenues by 2025 (http://ibn.fm/Puo8Q).

For more information, visit the company’s website at www.Sugarmade.com