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CITY OF INDUSTRY, California, August 10, 2017 /PRNewswire/ --
With recreational sales of cannabis in California expected to begin in just a few months, Sugarmade expects a flood of cannabis to come to market, but Sugarmade also expects demand to be off the charts. No one really knows for sure what the new supply/demand dynamic will hold for what is expected to be the world's largest cannabis market. This is why Sugarmade and Plantation Corp. have teamed to develop BudLife, the first patented, container system expected to maintain the integrity of cannabis during long-term storage.
"We are very excited about the recent successes in the lab, which we believe, will allow us to begin production during the fourth quarter of this year, just in time for the coming California market for which we hold exclusive license," commented Mr. Jimmy Chan, CEO of Sugarmade. "We are now in our 4th generation of prototypes and we have been able to maintain the controlled vessel environments for several months. This meets a major milestone in our developmental efforts. We look forward to starting marketing of the products."
The quality of cannabis has risen dramatically over the past few years and it's clear that premium product keeps consumers happy and allows growers and distributors to command premium prices. But, the quality of cannabis degrades quickly, which places the significant investments made in high quality product production at risk. BudLife products are design to significantly reduce this risk and to allow growers and distributors to store and control the release of their higher quality products at optimal times in order to maximize profits, thus helping users of BudLife to shape the cannabis supply and demand curve.
Sugarmade has released a White Paper outlining the BudLife product line and its potential effects on the cannabis supply and demand curve. The White Paper, titled, 'Cannabis Storage - The Active Packaging Market Opportunity and Technical Requirements' can be accessed at http://bit.ly/2sQnqw1.
About Sugarmade, Inc. (OTCQB: SGMD)
Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade's brands include CaliGrownSupplies.com, CarryOutSupplies.com, FreeHand ThumbTray, and Sriracha Seasoning Stix, a revolutionary culinary seasoning product under official license from Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. For more information on the Company's products, please visit http://www.Sugarmade.com .
About Plantation Corp.
Plantation Corp., a Wyoming Company, is a technology-driven organization with the goal to establish a unique paradigm in preservation efficiency and longevity that sets a new gold standard for the intelligent packaging industry. While still a privately-held corporation, Plantation is currently accepting investments only from accredited investors. Additional information can be seen at the new website at http://www.BudLife.net .
Forward-Looking Statements: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements.
Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
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