• Second quarter results show number of subscribers up 57 percent and subscriber revenue up 108 percent
• National governments of U.S., UK see potential applications of GTX Corp products in health services
• U.S. military using GTX wearable GPS technology to track assets and personnel

GTX Corp (OTC: GTXO), a company that develops and produces wearable GPS technology for tracking individuals and assets, has announced a 108 percent increase in subscriber revenue. Releasing its second quarter results, the company said that revenue was up seven percent and subscriber numbers increased by 57 percent, as compared to the same period of the previous year, according to a news release (http://ibn.fm/2MS8m).

“As highlighted above, we had an overall good quarter, with single- or double-digit increases or decreases in all the major metrics – revenues were up, subscribers were up, margins and profits were up, while our cost of operations, professional services, G&A and net losses decreased,” GTX Corp CEO Patrick Bertagna said in a news release. “Overall product revenues were slightly impacted due to the launch of new products and not having enough inventory on hand before the end of the quarter. However a key metric worth noting is number of subscribers and subscriber revenue, both of which are fundamental to our overall success and have been increasing steadily over the past year.”

The CEO added that the company’s subscriber base grew by 52 percent and subscriber revenue grew by 108 percent during Q2, which is a very good indicator that GTX Corp is adding higher-paying subscribers, leading to “higher margins, higher profits and getting closer to cash flow positive.”

The company recorded an eventful second quarter that included the launch of two new child-focused products: SmartSole for kids and the Invisabelt for toddlers.

GTX Corp technology has a number of applications, including tracking the whereabouts of vulnerable loved ones, such as adults with dementia, children and pets. SmartSole, its leading product, is a hidden tracking insole, while the Invisabelt is worn inside a waistband. The company has also developed a mobile app that allows for the tracking of individuals, including family members and employees.

A number of national governments have expressed interest in using GTX Corp’s tracking solutions in their health services. The National Health Service in Britain’s Dorset County is running a pilot program using SmartSole to track people with dementia (http://ibn.fm/Hmltf). In the U.S., health authorities are considering the use of the technology for the benefit of veterans. Having already established a solid distribution network across the UK and the European Union, the company is considering seeking government funding as part of the national health programs of other nations for its GTX tracking systems.

In addition, the U.S. military has contracted to use the company’s P.E.T.S. Asset Tracker to track and locate personnel and equipment. GTX Corp reported that the entire initial military contract was completed and delivered with 100 percent satisfaction in April (http://ibn.fm/uP799).

George Mason University’s College of Health and Human Services is using GTX Corp’s SmartSole technology in research to predict human wandering. The Alzheimer’s & Related Diseases Research Award Fund is financing the research program, which is using data from the wandering behaviors of individuals with Alzheimer’s to develop a system that can quickly detect and prevent episodes of wandering, a major concern due to health and safety risks.

The company is also engaged with lawmakers to discuss legislation that would open the way for the federal government to fund programs to keep vulnerable individuals safe. Initial talks have focused on a law that would authorize the appropriation of $2 million annually over the 2018-2022 period. “This will enable the Department of Justice to make grants to state and local governments and nonprofit organizations to fund programs to locate missing persons with dementia or developmental disabilities. This speaks to the core of what GTX Corp does and falls in line with the Company’s recent entrées into the children’s autistic market,” Bertagna explained.

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

• Blockchain technology creates open, distributed, indisputable record
• BLOCKStrain creates first blockchain platform for cannabis industry
• Cannabis industry forecast to quadruple in size over next decade

Clearly, blockchain isn’t just about bitcoin anymore. Originally created as the foundational platform for the cryptocurrency world, blockchain technology is an open, distributed ledger that keeps an ongoing, ordered record of transactions and movements between two parties. The data within the network is shared with full transparency between everyone in the community, and, because that information is replicated across thousands —even millions — of computers, it is fraud and mistake proof, creating an unprecedented level of trust.

Those words — open, transparent, trustworthy, fraud proof — are ones that any company would like to claim, and BLOCKStrain Technology Corp. (TSX.V: DNAX) does just that. BLOCKStrain provides the first integrated blockchain platform that registers and tracks intellectual property for the cannabis industry.

This pioneering effort has not gone unnoticed in an industry that’s expected to explode in the next decade. One report indicates that by 2027, the legal cannabis industry in North America will grow from $9.2 billion last year to approximately $47.3 billion, with $57 billion being spent worldwide (http://ibn.fm/SPw3Q).

The chance to be part of this lucrative market presents an irresistible opportunity, and BLOCKStrain offers the ability to register and track cannabis intellectual property (IP) from “genome to sale,” providing unprecedented benefits to everyone involved, from the cultivation and processing to the sale and use of the plant.

Using BLOCKStrain, growers can identify and protect the different strains of cannabis they develop, establishing irrevocable rights to their valuable IP. The BLOCKStrain platform then simplifies genetic and quality-control testing for legal cannabis, cutting the administrative time and expense in half while accurately tracking all aspects of quality control.

It’s not all about tracking, though. Currently, growing and manufacturing facilities are not inspected, making it difficult —even impossible — to ensure high quality and regulatory compliance. BLOCKStrain is committed to solving that problem, as well. Cannabis producers can test product samples and submit the lab results to BLOCKStrain. Each submission is recorded on the BLOCKStrain platform, allowing everyone along the cannabis supply chain, from producers to consumers, to verify the results.

The platform also records reviews, opinions, sales, transactions and other movement along the way, and no transaction can be tampered with, allowing for complete trust in an industry that’s not traditionally recognized in that way.

BLOCKStrain’s proprietary, immutable, secure blockchain technology establishes a single source of trust for cannabis strains’ ownership, potency and chemical makeup. In a billion-dollar industry slated for stunning growth in the coming years, those could be the words that make a business stand out from the competition.

For more information, visit the company’s website at www.BLOCKStrain.io

• Global demand rising for electric vehicles fueled by lithium-ion batteries, with sales reaching 1.24 million vehicles in 2017
• Marifil Mines uniquely positioned in Argentina’s famed ‘Lithium Triangle’
• Lithium-ion battery market expected to reach a value of $67.7 billion by 2022
• Assay work continues on 600 core samples taken from company’s flagship property in gold-producing region

The world’s appetite for battery-powered vehicles shows no sign of abating as major automakers announce plans to launch more than 400 models of electric vehicles (“EV”) by 2025, a report by Frost & Sullivan states (http://ibn.fm/6MPCh). Global EV sales are expected to grow at a compound annual growth rate of 11 percent between 2017 and 2022, when the industry could be worth almost $128 billion, according to BCC Research (http://ibn.fm/4617N). Fueling these electric vehicles, and many of the mobile devices enjoyed by consumers, are lithium-ion batteries.

Junior exploration company Marifil Mines Ltd. (TSX.V: MFM) (OTCQB: MFMLF) and its sizable portfolio of lithium and cobalt claims (another element used in key battery technologies) is positioned to benefit as the EV market surges ahead. Marifil Mines holds mining claims on over 15,250 hectares (37,700 acres) in Argentina’s mineral-rich land within South America’s famed ‘Lithium Triangle’.

The benefits of electric vehicles are widely known, with passenger EVs making up the bulk of the market’s value and growth, according to a report issued by BCC Research (http://ibn.fm/lxPIl). However, there are also scooters, low velocity vehicles, buses, niche vehicles, commercial and industrial vehicles, and even battery-powered military vehicles. Each of these modes of battery-powered transportation offer immediate reduction of air pollution through elimination of vehicle exhaust, in addition to producing less overall noise. The need for lithium to fuel EVs is constantly rising, with market analysts expecting the global lithium-ion battery market to reach $68 billion in value by 2022, Statista reports (http://ibn.fm/HmaM3).

Marifil’s lithium exploration efforts include an agreement signed earlier this year with Argentine company Minera Esperanza S.A. The agreement relates to a five-year exploration plan at two lithium-bearing properties in Argentina’s Catamarca province. Marifil has an option to purchase the lithium properties, which would expand its lithium portfolio to 15,267 hectares within the Puna scrublands of the prolific ‘Lithium Triangle’.

Marifil president and CEO Robert Abenante noted in a news release (http://ibn.fm/5vXtl) that the agreement displays the company’s “continued aggressive growth within the lithium space in Argentina.”

Marifil also owns 360 hectares (890 acres) of patented mineral rights for cobalt exploration and 42,322 hectares (104,578 acres) of gold exploration and mining rights in an advanced exploration stage in San Roque that company engineers indicate have high gold discovery potential with “excellent infrastructure and mining friendly politics.”

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

• Auscrete’s lightweight hybrid concrete/insulation wall and roof panels, offer unmatched building options that are both economical and environmentally friendly
• The company is progressing with its new production facilities
• Auscrete building materials offer a unique hedge against the destructive forces of fires

Auscrete Corp. (OTC: ASCK), operating out of Washington State, focuses on making affordable, technology driven and eco-friendly housing. The company constructs energy efficient housing and commercial structures built from Auscrete-developed lightweight hybrid concrete/insulation wall and roof panels.

In a recent interview, Auscrete Chief Executive Officer John Sprovieri and former Auscrete team member Jacki Wentz discussed company initiatives, as well as the fires raging in the State of California. Sprovieri discussed the company’s head office facility in Goldendale, Washington (http://ibn.fm/Cfjze). The expectation is that the company’s new facility will be in full production by the end of 2018 and will enable Auscrete to construct up to 100 homes annually. Furthermore, two additional production centers are planned, giving Auscrete the potential to build 300 homes per year out of the Goldendale, Washington, site.

The construction of 300 homes annually would bring in approximately $45 million in revenue to the company. Sprovieri noted that this would produce a profit margin of roughly 20 percent. In addition, he noted that Auscrete has its Canadian initiative, with plans to set up a 75 percent company-owned production plant with a Canadian investment group. He mentioned the enormous need for affordable housing in Canada. The company’s southern Ontario facility would be similar to its facility in Goldendale, Washington. Auscrete’s Canadian initiative would also help the company tap into the northeast U.S. market from southern Ontario. Auscrete doesn’t have a plant in the northeastern U.S.

Regarding the California wildfires, they’re wreaking havoc on housing in different areas of the state (http://ibn.fm/X37lf). Wentz lives in Redding, California, and she noted that, as of August 8, more than 1,000 homes have been lost in her region. Upon witnessing this destruction, she believes that the idea of a concrete home, allowing one to build a home out of something that sturdy and strong, is a “wonderful idea.” Structures constructed from the Auscrete building materials are low maintenance and will not catch fire and burn. Moreover, they’re highly resistant to hurricane forces and earth tremors, as well as insects and mold.

Wentz is considering returning to Auscrete and being on the ground floor of the company’s entry into California. There’s a great need for Auscrete homes, as evidenced by the destruction in her region. She’s excited about possibly heading up an additional office in California once Auscrete commences production in a few months.

What does she see as a primary advantage of the company’s technology? Safer homes. Auscrete is taking the initiative to provide affordable, energy efficient housing and commercial structures that are safe and capable of withstanding the destructive forces of wildfires.

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

• Launched a CBD direct selling initiative in China
• Marketing expert Fengxian Xie brings nearly 20 years of marketing experience to the management team of the newly established CBD Community Center
• First to offer hemp-infused skin care products in China
• Goals of maximizing shareholder value, doubling revenues and meeting qualifications for listing on the Nasdaq or NYSE

The premier financial information website for Chinese-speaking investors, ChineseInvestors.com, Inc. (OTCQB: CIIX) announced in a recent press release (http://ibn.fm/aU5RX) that it has launched a two-tiered direct selling initiative through wholly owned foreign enterprise CBD Biotechnology Co. Ltd. aimed at accelerating its CBD sales in China.

Marketing expert Fengxian Xie has joined the CBD Biotech management team, bringing nearly 20 years of marketing experience with him. Under his leadership as the president of the CBD Community Center, a new marketing channel will be established to stimulate demand for CBD Biotech’s innovative CBD infused skin care products, CBD Magic Hemp Series and the Live Oxygen luxury line.

Under Xie’s management, the CBD direct selling community will have access to seminars and expos designed for business-to-business and business-to-customer sales opportunities. Members will be compensated for product sales and receive stock-based performance bonuses. CIIX is the first to offer hemp-infused skin care products in China, and Xie will lead the way forward in expanding the community’s reach to every city in the country.

“We believe we are building the first Chinese CBD marketing community that offers our members the opportunity to become invested in the Company,” CIIX CEO Warren Wang stated in a news release. “Our efforts in advancing the CBD Community Center will involve a twofold mission: to educate the Chinese community about the benefits of hemp-infused skin care and increase product sales. We are confident that with Mr. Xie’s experience and proven track record, he is the perfect candidate to lead the development of this direct selling initiative.”

At the heart of everything CIIX does is a continued commitment to providing premier financial information, education and services to the Chinese-speaking community throughout the world. As the company makes plans to refocus back to its original mission of financial consulting and branding, it is in the process of spinning off its CBD division into its own subsidiary. Wang previously shared with MoneyTV (http://ibn.fm/2FCWK) that his goal is to maximize shareholders’ value and his hope is that the subsidiary can double its revenues and meet qualifications for listing on the Nasdaq or NYSE by next year.

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

• Growth in North American market driving revenue increase
• Total dollars processed via North American Transaction Solutions segment up 37 percent to $1.62 billion
• Total dollars processed via International Transaction Solutions segment up 20 percent to $211 million

Net Element, Inc. (NASDAQ: NETE) has reported strong second quarter financial results, with net revenues of $32.45 million by June 2018, up nine percent from $29.7 million last year (http://ibn.fm/rj4yd). The financial services technology company, which develops multi-channel electronic payment solutions, has seen a significant increase in its North American business.

At a conference call to discuss the results, CEO Oleg Firer said, “The increase in net revenues is primarily due to organic growth in the North American Transactions Solutions segment, which experienced 15 percent growth over the prior year.”

He said this growth offset a predicted decrease in the company’s international transactions. “International Transaction Solutions segment experienced an expected decline of 19 percent due to elimination of branded content business, which accounted for $684,000 of net revenues in 2017. Normalizing elimination of branded content business resulted in 11 percent growth in the International Transaction Solutions segment and 6.5 percent across all segments over the same period of the prior year,” Firer added.

Among the highlights of the conference call presentation:

• Due to growth from Net Element subsidiary Unified Payments, the company’s total dollars processed through its North American Transaction Solutions segment increased by 37 percent to $1.62 billion up to June 2018.
• The total dollars processed through the International Transaction Solutions segment increased by 20 percent to $211 million.
• The total number of transactions processed up to June 2018 rose by 41 percent to 50.2 million. The North American Transaction Solutions segment saw an increase of 41 percent to 28.1 million, and the International Transaction Solutions segment saw an increase of 40 percent to 21 million.

Firer also mentioned key business highlights of the first half of 2018. “During the second quarter 2018, we launched Netevia Smart Vendor Payment Solutions, to enter a multi-trillion dollars global B2B payments market. We continue to work in Netevia, our future-ready omni-channel payments platform that was launched early this year. And we’re on track to launch services we set out to do this year, including blockchain technology solutions and value-added services,” he said.

The CEO noted that the Netevia payment platform has been expanded to target the $7.7 billion events industry, and the company recently launched subscription-based payment processing for small businesses. Netevia allows businesses to accept over 100 cashless payment methods in several currencies.

Net Element has also developed the Aptito system, a payment service created for the restaurant sector, and Unified Payments, a flexible mobile point-of-sale system that can be used by a wide variety of vendors, such as kiosk-type shops, limousine drivers, and tow truck and delivery drivers.

“Combined, these strategic initiatives are expected to add over $6.5 million in gross profit over the next four years. We’re on track to deliver another year of growth and financial improvement, and are pleased with our results as we continue to focus on long-term growth plans,” Firer said.

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

• Company’s blockchain-based solution is able to track agricultural products from farm to table, providing an accurate, tamper-proof record
• Company has a working relationship with IBM, as well as the government in the Brazilian state of Rondônia and some of the largest e-commerce companies in China

Pacific Software, Inc. (OTC: PFSF), an emerging development technology corporation and master licensor of Hyperledger blockchain-based systems, was recently featured in an interview by NewEconomies.com (http://ibn.fm/Z4UWb). Pacific Software President Peter Pizzino sat down with New Economies hosts Lucce Cervigni and Alice Hlidkova in the Nasdaq Times Square studio to talk about Pacific Software and the company’s recent developments and achievements.

Pizzino commenced the interview by talking about Pacific Software and the company’s business model, describing Pacific Software as a development technology company investing in blockchain applications. The company’s first application, currently being rolled out, integrates blockchain and e-commerce within the agriculture space. This “agri-blockchain” technology will make it possible to track the provenance of food products, creating an accurate record from origin to point of sale and thereby addressing current problems relating to food exports, such as lack of transparency, product integrity issues, recordkeeping inefficiencies and more.

Pacific Software has developed a working relationship with the local government in the Brazilian state of Rondônia, one of Brazil’s largest agricultural regions, to assist in enhancing the exportation of agricultural products to China.

The company’s farm-to-table blockchain solution is a game-changer, completely transforming the verification and certification process for exported agricultural goods. With news about zombie meat scares and food product recalls dominating headlines around the world, the ability to accurately track the entire journey of a product, from origin to final destination, and to eliminate fraud, human error and other issues, will have a widespread impact for producers, exporters, importers and consumers alike.

Pacific Software’s solution will not only give importers and consumers much-needed reassurance regarding the origins, safety and quality of food products; it could further save companies significant time and resources in the event that a product becomes subject to a recall. Providing an error-free, tamper-proof record covering the entire supply chain, this blockchain-based solution can pinpoint the precise origin of contamination, for instance, and thereby enable a narrow, focused and efficient recall of affected products.

The first aspect of Pacific Software’s business model is the implementation of its blockchain applications, and the second is commerce. The company’s commerce-related endeavors are primarily geared to the Chinese market, and Pacific Software is developing relationships with the largest e-commerce companies in China through the help of its partners in that country, with the ultimate aim of building a trade bridge into China through its blockchain/e-commerce portal.

Pacific Software’s next step is to implement its application for customers.

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

• Direct selling worldwide led to $189.6 billion in estimated retail sales last year
• Sharing Services saw revenue growth of $8.3 million during five-month period following launch of health and wellness product line this year
• Company recently announced joint venture to expand into Asian markets
• Sharing Services aims to create its own opportunities through “Blue Ocean Strategy” aimed at developing diverse array of subsidiaries

Utah’s state tourism office has gained international attention through its Life Elevated brand, and that identifying slogan could easily apply to the rising star of Sharing Services, Inc. (OTC: SHRV), as well. The Texas-based holdings company aims to help people find improved quality of life through the variety of products and services that its direct selling representatives offer.

Sharing Services’ subsidiaries specialize in a wide range of markets, including health and wellness, travel, auto and home insurance, life and health insurance, energy brokerage and training, offerings which help to ‘elevate entrepreneurship’ by supporting the company’s home-based ‘Elepreneurs’ in preaching the message of happiness through positive psychology.

“We have reached our first milestone by closing out the fiscal year with record-breaking revenues and rapid expansion of our operational capability,” the company’s board chairman, Robert Oblon, stated in a news release announcing SHRV’s first 10K filing (http://ibn.fm/W0nqQ). “We have exceeded our goals as we continue our record-breaking pace to change the direct-selling industry with best-in-class products and services, and we continue proving the efficacy of our very unique ‘blue ocean’ strategy.”

Blue Ocean Strategy is a term coined by marketing theory authors W. Chan Kim and Renée Mauborgne to address the potential of companies to create their own market spaces that they can capture and control free of competition, as opposed to defined industry “red ocean” parameters, in which companies bloody each other as they compete for available market share (http://ibn.fm/QeT21). Sharing Services’ strategy involves melding key components of its subsidiary holdings to implement the company’s direct selling mission.

The 10K filing shows the success of the company’s approach. After beginning as a travel media entity specializing in ride sharing, mobile applications, relationship marketing, group travel programs, brick-and-mortar travel agencies and vacation funding (http://ibn.fm/IopAL), SHRV expanded its potential with the introduction of its larger range of opportunities for independent representatives — particularly as it began building its health and wellness market for Elepreneurs, enhanced by a recent joint venture agreement with Health Wealth & Happiness Limited (“HWH”) that anticipates market openings throughout Asia.

The newly formed “Elepreneurs Asia Limited” is set for a soft launch later in 2018, and, in June, Sharing Services announced that its wholly owned subsidiary, Elevacity Global, LLC, will launch its product line in Australia and New Zealand this year.

SHRV’s gross sales doubled their year-over-year volume in February, rising to $2.4 million. In April, the company reported a record $3.5 million in monthly revenue and closed out that quarter reporting that the company brought in $8.3 million dollars over the first five months since launching its health and wellness products on December 13, 2017.

In 2017, worldwide direct selling brought in $189.6 billion in estimated retail sales, which was a 1.6 percent increase over 2016 and marked a CAGR of 3.7 percent during the three preceding years, according to Direct Selling News (http://ibn.fm/TUR6i).

According to the report, markets in 24 country reached sales of more than $1 billion in 2017, with Ecuador becoming the newest addition. Similar emerging markets are capturing an increasing share of total world sales from more technologically advanced markets, but the United States and China remain the top two countries ranked for market size. China’s three-year CAGR is seven percent, continually outpacing growth in the United States and giving it the potential to become the largest direct selling market in the world in the near future, justifying Sharing Services’ reach into the Asian region.

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

• Reports significant year-over-year improvements for the second quarter
• Up-listed to a fully reporting company, creating additional opportunities for growth
• Provides investors with opportunity to make investments across a wide range of assets, including mobile payments, cannabis and blockchain

SinglePoint, Inc. (OTCQB: SING), a technology and investment company specializing in the acquisition of small to mid-sized companies, announced in a press release (http://ibn.fm/GRCPi) its status as a fully reporting company by way of filing Form 10-12G. At the same time, the company reported a significant increase of nearly 100 percent in second quarter revenues, as compared to the same quarter of 2017.

SING began its efforts to up-list from the OTC Pink Open Marketplace to the OTCQB Venture Marketplace by way of a corporate financial statement audit. In February 2018, the company commenced trading on the OTCQB Venture Market, and it announced the finalization and successful completion of a PCAOB corporate audit in April 2018, paving the way to become a fully reporting company.

During the first six months of 2018, SING recorded over $500,000 in revenue. The company attributes the successful integration of acquisitions throughout the past year as a key factor in this significant increase. In a news release (http://ibn.fm/hURTW), SING CEO Greg Lambrecht stated, “We built a solid base throughout 2017 and have been building upon that in 2018 which has led to SinglePoint starting to generate a major increase in revenue compared to previous years. We are looking to acquire companies that are cash flow positive. This will give SinglePoint the ability to operate and continue taking risks in hyper growth opportunities.” The company expects to continue to grow organically and through larger investments and/or acquisitions.

“As a fully reporting company, I believe we will have additional opportunities to grow our existing businesses and potentially entertain larger acquisitions,” continued Lambrecht. “We are excited to continue business with increased transparency and credibility. It took all of our effort and attention to file the Form 10-12G, and we are now ready and able to fully focus on the deals in front of us.”

As a technology and investment company focused on the acquisition of undervalued companies that will benefit from an injection of growth capital and technology, SING provides investors with an opportunity to make investments across a wide range of assets. The company’s portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Currently, SING is capitalizing on the emerging opportunities in the cannabis market through partnerships, equity-financed acquisitions and internal product development.

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

• Strategic investment in Hempistry, allowing Sugarmade shareholders to possibly benefit from relationship with industrial-hemp cultivation company
• Industrial hemp market in the U.S. projected to reach over $1 billion in revenues in 2018 with an expected 14% CAGR through 2022
• Sugarmade is one of the largest, publicly traded hydroponic supply companies investing in the legal cultivation sector
• Expansion into European hydroponics supply market to provide additional revenue growth opportunities
• Led by experienced team of executives instrumental in successfully growing multiple business operations

Sugarmade, Inc. (OTC: SGMD), one of the largest publicly traded hydroponics supply companies moving into the industrial hemp space, is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade’s brands include: ZenHydro.com; CarryOutSupplies.com; and BudLife. Headquartered in Monrovia, California, a city within Los Angeles county, Sugarmade has various business operations in diverse marketplaces including packaging and paper goods for various industries, agricultural supplies.

Sugarmade has expanded into the European hydroponics supply market with a growing base of orders taken through Amazon UK. Over the past few financial quarters, Sugarmade has seen revenue growth patterns expand geographically. As recently as mid-2017, the majority of hydroponic-related revenue growth was seen from California and other West Coast marketplaces, however growth is becoming more geographically dispersed among U.S. states where legalization has eased restriction. This movement into the United Kingdom further expands the base of geographic growth areas for Sugarmade.

Sugarmade recently launched a new corporate initiative in the booming industrial hemp and CBD, committing up to $1 million in capital over the next 12 months to invest in Hempistry, Inc., a privately held Nevada corporation. Hempistry has begun planting an ultra-high cannabidiol (CBD) industrial hemp strain on a land option it holds on 23,000 acres of prime Kentucky farmland. The strain of industrial hemp being grown by Hempistry is ultra-rich in CBD but contains less than 0.3 percent of THC, the psychoactive ingredient found in cannabis. The U.S. hemp industry is expected to produce well over $1 billion in revenues in 2018, with a compound annual growth rate of 14 percent through 2022, according to the Hemp Business Journal.

Demand for industrial hemp and products derived from hemp is soaring, with no let-up in sight, which the company sees as a “tremendous opportunity to become a supplier to this fast-growing sector,” said Chairman and CEO Jimmy Chan, who is also an advisor and minority shareholder of Hempistry.

Sugarmade’s investment into the market for high-CBD hemp is expected to be highly accretive for common shareholders in two ways. First, Sugarmade’s investment will be in the form of common shares in Hempistry allowing Sugarmade common shareholders to possibly benefit from any future initial public offering of Hempistry. Second, Sugarmade is expected to sign a supply agreement with Hempistry for cultivation supplies, which would be additive to corporate revenues.

Sugarmade has also completed a master market agreement with industry leader BizRight Hydroponics, Inc., a leading marketer and manufacturer of cannabis and hydroponic growth supplies, which offers a range of hydroponics-related products including: HPS grow lights, electronic ballasts, HPS bulbs, nutrient mixes, environmental control products, pH measurement and calibration solutions and storage products. BizRight operates the ZenHydro.com website and other e-commerce properties and sells various products to distributors and retailers. BizRight is expected to produce in excess of $30 million in revenues during 2017, with substantial growth expected for 2018.

Sugarmade division CarryOutSupplies.com, the leader in paper and plastic take-out supplies, serves nationwide customers by offering a wide array of high quality products that are cost-efficient, custom-made and delivered on time. This business unit currently serves 2,000 quick service restaurants, garnering from 30-40 percent of the market share. Sugarmade plans to expand operations via the addition of market share and the introduction of new product offerings.

Management

CEO Jimmy Chan is an experienced business executive instrumental in growing multiple business operations with a strong expertise in international trade and banking, and international manufacturing and importation. He is also the founder of CarryOutSupplies.com, a company that revolutionized the custom-printed paper supplies subsector of the quick service restaurant industry, which merged with Sugarmade in 2014.

Arman Tabatabaei serves as operations consultant, providing high-level, day-to-day strategic guidance and tactical operational supervision for all aspects of the corporation’s business. He is an expert at data collection and analysis relative to resource management, risk forecasting and profit and loss management.

Sugarmade specializes in growing and acquiring innovative brands to maximize value for company employees, shareholders and other stakeholders. Sugarmade believes its future is very bright as the company expands operations within the cultivation sector and rapidly increases its revenue base.

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